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.
February 2010
                                           
                                              INSIGHT

Free Report! The Human-omics of Sea Island Company  ...   
by Patrick Anderson, Publisher.  I wish I could measure the human-omic impact of Sea
Island Company on the Glynn County community ... that would be a combination of
human benefits and economic benefits. To be sure, no other company has contributed
so much. ... CONTINUE THE 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 momentum from the 2009 fourth quarter increases
disappeared in January 2010. Average sales prices were up, but with so few transactions
during the month, this may not be statistically significant. Percent of List Price vs. Sold
Price was historically ...  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 rose last month as did
the trailing 12-month units sales. 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 January 2010. There were 118 warranty deeds, down significantly from
223 in December 2009 and almost as low as ...  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 ... So far there are 76
foreclosure ads running in February totalling $25,798,404. Further analysis will be
made after the next round of February ads are run, likely on Tuesday, February 9. This
summary is easy to read, and NOW available as an Excel file!  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 January 2010.There were 50 deeds filed, twice as many as
in January of 2009. We anticipate another ... 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 176 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
98 approved vendor listings here.

                                  NEWS CENTER

Sea Island Seeks Investment Bank Assistance  ... by Matthew
J. Permar, The Islander. As the Sea Island Co. faces another major financial challenge, a
cacophony of seemingly contradictory adjectives, describing the local company and its
business woes, are flying off newspaper pages like ...  READ THE ARTICLE

December Existing Home Sales Down, but Prices Rise ...
by NAR. After a rising surge from September through November, existing-home sales
fell as expected in December after first-time buyers rushed to complete sales before the
original November deadline for the tax credit. However, prices... READ THE REPORT

Jobless Claims, Productivity ... by Selma Lewis, NAR Research
Economist. Bad News: The number of people out of work and claiming unemployment
benefits at the end of January was higher than expected. There were about 8,000 more
people who lost their jobs in the last ... READ THE ARTICLE
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