the ST SIMONS letter ~August 2010 ~ Info for Glynn Co real estate investors

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CRUCIAL INFORMATION for SAINT SIMONS ISLAND and GLYNN COUNTY Georgia
REAL ESTATE INVESTORS ~ PUBLISHED MONTHLY

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Glynn County, Georgia.

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August 2010

INSIGHT

Free Report!

anks get serious about selling beach

property

...

by Patrick Anderson,

Publisher

Three recent bank auctions

on St. Simons Island demonstrate a new resolve

among lenders trying to

unload foreclosed

property (

ee links at the end of

this article).

But

they're

not just relying on auctions to move

inventory ...

EAD

THE

ENTIRE

ARTICLE

Our INSIGHT article above is FREE! ... the reports below require

nominal

subscription

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thereafter ... cancel anytime ...

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                   TRANSACTION CENTER

TRANSACTIONS ... The table below shows month-to-month residential unit
sales for each geographic area of Glynn County. After an encouraging spring selling
season, Glynn County residential sales have suddenly lost their steam. 43 unit sales is
unimpressive and reminiscent of the levels seen during ... READ THE COMPLETE
REPORT This MLS based report shows historical sales data, individual transaction
details, photos, list prices, sale prices, and more.

MARKET CONDITIONS ... YSL (Years Supply of Listings) has been
improving steadily during the past year, from 3.01 on July 1, 2009 to 2.04 on July 1,
2010. However, last month's disappointing sales result reversed the trend, at least
temporarily ... READ THE REPORT This report will help you time the real estate
recovery and target geographic areas with the most negotiable prices.

WARRANTY DEEDS ... The following Glynn County warranty deeds were
filed during the month of July 2010. There were 173 warranty deeds filed, up slightly
from July 2009, and about the same as July 2008. The number is ... READ THE
REPORT This Public Records based report shows seller, buyer, price and property
descriptions for each of last month's real estate sales. It is essential reading for a
complete understanding of last month's transactions.

               FORECLOSURE CENTER

Now in Excel! FORECLOSURE AD TRACKER ... There are 147
foreclosure ads appearing in The Brunswick News in August for auction September 7,
the second highest total since we've been tracking ... VIEW THE R EPORT This
report will keep you from going blind reading the foreclosure ads in the local paper.
Follow us on Twitter or Facebook (at left) for immediate notification when new
foreclosure ads appear in our report.

FORECLOSURE DEEDS ... The following are foreclosure deeds filed for
the month of July 2010. 58 foreclosure deeds were filed in Glynn County during the
month, down from June's record 83, but still about the same number as during the
previous 6 months ... VIEW THE REPORT Watch this report to see which foreclosure
ads actually result in foreclosure. Not all do!

FORECLOSURE LISTINGS ... The following MLS listed properties have
been tagged as "foreclosure properties" ... VIEW THE REPORT This is considered the
area's best resource for immediate foreclosure purchase opportunities.

                        SEARCH CENTER

LOCAL MLS LISTINGS ... This feature lets you search St. Simons Island
and Glynn County MLS Listings in four categories: Residential, Land, Commercial and
For Rent. You can further refine your search by price, subdivision, size and many more
criteria ... CLICK HERE TO SEARCH Over 4200 properties listed here.

PRICE REDUCTIONS, FORECLOSURES & SHORT
SALES ... The following MLS listed properties are organized in three categories:
reductions, foreclosures and short sales. Each category is organized by area and price.
Look here for real estate bargains in Glynn County ... MORE 307 properties listed here.

THE A-LIST ... Finding a good painter, electrician or other home service provider
can be a challenge. The following businesses appear on the A-List only upon the
recommendation of a subscriber. They keep their spot only by providing ... MORE
110 approved vendor listings here.

                         NEWS CENTER

S ea Island Co. sells 23,000+ acres ... from www.ajc.com Jul 19,
2010. The Sea Island Co. has sold four coastal tracts totaling more than 23,000 acres,
(for $56.3 million) though they do not include any existing resorts or residences ...
READ THE ARTICLE ... then CLICK HERE for the price and acreage breakdown

A ppeals delay tax digest ... The Islander August 2, 2010. Glynn County Tax
Commissioner Florence Dees was scheduled to be in Atlanta last Friday morning to
present Glynn County’s 2010 Tax Digest to the Georgia Department of Revenue.
But, that trip got put on hold due to the large number of property tax appeals that have
been filed ... READ THE ARTICLE

Pending home sales ease in post-tax credit market ... by
NAR. Pending home sales edged down with near-term sales expected to be notably
lower in contrast to the spring surge when buyers rushed to take advantage of the home
buyer tax credit, according to the National Association of Realtors® ... READ THE
REPORT

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