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CRUCIAL INFORMATION for SAINT SIMONS ISLAND and GLYNN COUNTY Georgia
REAL ESTATE INVESTORS ~ PUBLISHED MONTHLY
StSimonsLetter.com is a
monthly publication for
informed real estate investors
and other professionals
covering St Simons Island and
Glynn County, Georgia.

The letter compiles local real
estate statistics, critical news
items, and comprehensive
insight regarding the local
market. It is Glynn County's
most important real estate
publication.

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March 2010
                                           
                                              INSIGHT

Free Report! Property Tax Strategy 101  ...   by Patrick Anderson,
Publisher.  CAUTION: Unless you take specific action before April 1, the tax assessor is
permitted to assume you are absolutely delighted to accept last year's tax value once
again in 2010. Adding insult to injury, you may have no appeal rights if you do not
understand a little known intricacy of Georgia tax law ... CONTINUE THE ARTICLE

    Our INSIGHT article above is FREE! ... the reports below require a nominal
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    thereafter ... cancel anytime ... CLICK TO SUBSCRIBE


                           TRANSACTION CENTER

TRANSACTIONS ... February 2010 unit sales rose 11% over February 2009,
while dollar volume rose a hefty 69%. Two St. Simons Island beach sales pumped up the
numbers: a condo at The Residences for $1.4 million and an East Beach luxury cottage
for ...  READ THE COMPLETE REPORT This MLS based report shows historical
sales data, individual transaction details, photos, list prices, sale prices, and more.

MARKET CONDITIONS ... The number of listings dropped by 123 and the
trailing 12-months sales also improved, resulting in a 2.23 Years Supply of Listings
(YSL) for Glynn County. This is the lowest YSL in over a year. Based on the above chart,
you could expect to find the most negotiable prices on ... 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 are Glynn County warranty deeds filed
for the month of February 2010. There were 139 warranty deeds, up 31% from February
2009, a good sign, but still down 20% from ...  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 50 new
foreclosure ads published as of March 9, 2010 with more to come. Review these, then
check back after Saturday for the second wave of March foreclosure ads scheduled for
auction April 6 ...  VIEW THE REPORT Save your eyesight! This report will keep you
from going blind reading the foreclosure ads in the local paper.

FORECLOSURE DEEDS ... The following are Glynn County foreclosure
deeds filed for the month of February 2010.There were 52 deeds filed, 37% more than in
February 2009. We believe foreclosures will ... VIEW THE REPORT Watch this
report to see which foreclosure ads actually result in foreclosure. Not all of them do!

FORECLOSURE LISTINGS ... The following MLS listed properties contain
the words "foreclosure or REO" in their advertised remarks ... 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 and size ... CLICK HERE TO
SEARCH Over 4700 properties listed here.

PRICE REDUCTIONS ... The following MLS listed properties contain the
words "reduced or foreclosure" in their advertised remarks. Organized by price. Look
here for real estate bargains in Glynn County ... MORE 193 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
105 approved vendor listings here.

                                     NEWS CENTER

Sea Island Co. retains Goldman Sachs  ... by Matthew J. Permar,
The Islander. The Sea Island Company's Board of Directors has retained Goldman Sachs
to review strategic alternatives, including a possible sale of the Company. The Company
said this decision is the first key milestone in a process ...  READ THE ARTICLE

Pending Home Sales Down ... by NAR. The Pending Home Sales Index,*
a forward-looking indicator based on contracts signed in January, fell 7.6 percent to
90.4 from an upwardly revised 97.8 in December, but remains 12.3 percent higher than
January 2009 when it was 80.5 ... READ THE REPORT

Forecast Update: Employment Data ... Lawrence Yun, NAR Chief
Economist. NAR membership in February was 1.068 million, which is down from 1.094
million one year ago and down from 1.4 million at peak in 2007. February is generally
the low point in membership. Past patterns show that member ... READ THE ARTICLE
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