www . StSimonsLetter. com
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.

StSimonsLetter.com is available
by subscription only and
delivered by email every month.
August 2010
                                           
                                               INSIGHT

    Free Report! Banks 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 (see links at the end of this article). But they're
    not just relying on auctions to move inventory ...  READ THE ENTIRE
    ARTICLE

    Our INSIGHT article above is FREE! ... the reports below require a nominal
    subscription: ONLY $1 per month for first three months, $5.00 per month
    thereafter ... cancel anytime ... CLICK TO SUBSCRIBE









                   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 REPORT 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

Sea 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

Appeals 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
ONLY $1 per month for first
three months, $5 per month
thereafter ... cancel anytime.
StSimonsLetter.com delivers crucial real estate information to your
INBOX every month. ONLY $1 per month for the first three months,
$5 per month thereafter ... cancel anytime.

Archives
Of Previous Issues
StSimonsLetter.com is published by Patrick Anderson & Associates, Inc.
Copyright 2010. All rights reserved.
For further information contact
Info@PatrickAnderson.net
CLICK HERE for Even More St Simons Photos
More KILROY WAS HERE Click to Enlarge
ST SIMONS ISLAND PHOTOS by Patrick Anderson
Click to Enlarge


THIS SPACE AVAILABLE




CLICK HERE
to Advertise Your Business on
StSimonsLetter.com

REALTOR TV





Lawrence Yun, Chief
Economist for National
Association of Realtors
speaks about today's most
urgent real estate issues.
Follow stsimonsletter on Twitter
StSimonsLetter on Facebook
CLICK for Sales & Rental Info
StSimonsRent.com
PINPOINTING ST SIMONS'
FINEST VACATION RENTALS
Thank you for voting us Elegant Island Living's BEST LOCAL WEBSITE

    News Flash! Sea Island Co. assets to be sold ... from online.wsj.com
    As part of a pact expected to be announced Wednesday, funds managed by Oaktree Capital
    Management LP of Los Angeles and Avenue Capital Group in New York have agreed to pay
    $197.5 million in cash for Sea Island. Under the deal, Sea Island also is expected to seek
    bankruptcy-court protection Wednesday  ... READ THE ARTICLE