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, relevant 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.
June 2013
                                           
                                            INSIGHT

    The BIG Picture ...  by Patrick Anderson, Publisher  ... I
    remember two times in the last 12 years when I got nervous about losing
    money. One was just after the events of 9/11 when the Dow plunged
    from above 10,000 to an eventual low of 7,286 in 3Q 2002. Even scarier
    was the drop from above 14,000 in early 2008 to a low of 6,547 in early
    2009. That one followed the meltdown of the real ...  READ MORE


    FREE SUBSCRIPTION ... gives you access to INSIGHT and other reports marked
    "FREE." You will receive monthly notifications when new articles appear.

    PREMIUM SUBSCRIPTION ... gives you access to ALL reports and monthly
    notifications when new articles appear. ONLY $1 per month for first three months,
    $5 per month thereafter ... cancel anytime.
                          
               TRANSACTION CENTER

RESIDENTIAL TRANSACTIONS ... Unit sales for May 2013 increased
7.6% county wide when compared with May 2012 . A strong month from the Mainland
accounted for the unit increase and contributed to the dollar increase. The Islands
showed a decline in unit sales, but a huge increase in dollars due to ... GO TO
REPORT   This comprehensive MLS based report shows historical sales data,
individual transaction details, photos, list prices, sale prices, analysis, and more.

MARKET CONDITIONS ... The YSL rose from 1.09 last month to 1.12 in
June 2013 due to an increase in the number of listings. Over the past 3.5 years, YSL has
declined steadily from 3.02 on July 1, 2009 to 0.96 in January 2013. This indicates an
improving ... READ THE REPORT  This report will help you time the real estate
recovery and target geographic areas with the most negotiable prices.

WARRANTY DEEDS ... There were 218 warranty deeds filed in Glynn County
during May 2013, a 22% increase over May 2012. The year to date increase is about 13%,
supporting the momentum of an improving real estate market. ...  VIEW THE
REPORT This Public Records based report shows seller, buyer, deed reference, price
and property descriptions for each of last month's real estate sales. This is essential
reading for a complete understanding of last month's transactions.

               FORECLOSURE CENTER

FORECLOSURE AD TRACKER (PRE-FORECLOSURES) ... Through
June 8 we have 58 foreclosure ads posted on our easy-to-read report for the July 2
auction in Glynn County  ...  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 ads appear in our report.

FORECLOSURE DEEDS (RECENT FORECLOSURES) ... Lenders filed 53
foreclosure deeds during May 2013, about 12% fewer than in May 2012. Still,
foreclosure deed filings are running about 7% ahead of 2012 year to date. ... VIEW
THE REPORT Watch this report to see names, deed references and locations of
properties that have recently been foreclosed. Most will eventually end up on the
Foreclosures for Sale report below.

FORECLOSURES FOR SALE (LISTED BY REALTORS®) ... The following
MLS listed properties are for sale and 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 4400 properties listed here. The area's most
comprehensive site for real estate searches.

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  300+  properties listed.

PUBLIC PROPERTY RECORDS ... This Glynn County GIS website is
an indispensable source for studying comparable sales data. Search by owner name,
address, parcel number, neighborhood, map location, and more. CLICK TO SEARCH  
Great tool for studying whether your property is assessed at fair market value. NOTE:
ignore the login screen for most search functions.

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
Over 100 local vendor listings here.

                            NEWS ITEMS

U.S. Home prices rose 6.7% , Georgia up 12.8% ...  from  
Realtor.org ... FHFA (Federal Housing Finance Agency) price data shows that home
prices across the United States rose 6.7 percent from the first quarter of 2012 to the first
quarter of 2013. In 41 states and the District of Columbia prices were higher ...  MORE

Job openings dip in April; hiring in fastest pace since  
2008 ... from DSNews.com ...The number of job openings fell in April for the fourth
time in the last five months as the number of people leaving their jobs jumped to the
highest level since August, the Bureau of Labor Statistics (BLS) reported Tuesday in its
month Job Openings and Labor Turnover Survey (JOLTS) ... FULL STORY

Nearly 1 million houses float back into positive equity ...
from Housingwire.com ... Approximately 850,000 more residential properties returned
to a state of positive equity during the first quarter of 2013, according to the CoreLogic
first quarter home equity report. The total number of mortgaged residential  ...  MORE

Economists outlook blog ... from Realtor.org. Get your daily dose of
information on economic data, real estate trends and market conditions in NAR's new
Economists' Outlook Blog.  A full menu of information for the real estate data junkie.
Updated daily ... ACCESS THE BLOG
Access ALL articles. 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.

Archives
Of Previous Issues
StSimonsLetter.com is published by Patrick Anderson & Associates, Inc.
Copyright 2011. All rights reserved.
For further information contact
Info@PatrickAnderson.net
CLICK HERE for Even More St Simons Photos
ST SIMONS ISLAND PHOTOS by Patrick Anderson
Click to Enlarge



THIS SPACE AVAILABLE

CLICK HERE

to Advertise Your Business on
StSimonsLetter.com
Follow stsimonsletter on Twitter
Thank you for supporting us in our FIFTH YEAR OF PUBLICATION!
Access INSIGHT and other
articles marked "Free"
Access INSIGHT and other
reports marked "Free"
You also receive monthly
notification of new articles
Access ALL articles. ONLY $1
per month for first three
months, $5 per month
thereafter ... cancel anytime.
Access ALL articles for ONLY
$1 per month for first three
months, $5 per month
thereafter ... cancel anytime.
previous KILROY WAS HERE cartoons
CLICK FOR MORE KILROY WAS HERE

REALTOR® TV




NAR Chief Economist
Lawrence Yun discusses
April's rise in pending
home sales
For memories that  will last a lifetime!
Exceptional real estate services