CRUCIAL INFORMATION for SAINT SIMONS ISLAND and GLYNN COUNTY Georgia REAL ESTATE INVESTORS ~ PUBLISHED MONTHLY
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the ST SIMONS letter 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, relevant government
decisions and comprehensive
insight regarding the local
market.
the ST SIMONS letter is
available by subscription only
and delivered by email every
month. Articles and archives
may be accessed online at
www.StSimonsLetter.com.
JULY 2009
FREE REPORT! ARE WE SUFFICIENTLY STIMULATED YET?
... by Patrick Anderson. Have you or anyone you know been rescued, bailed out or
otherwise stimulated by the federal government in recent months? Has the economic
stimulus plan turned even one shovelful of dirt in our community? Can you name a
single jobless person who has found gainful ... 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
NEW! FORECLOSURE AD TRACKER ... These properties have been
advertised in The Brunswick News for auction at the courthouse steps on August 4,
2009. Organized alphabetically by debtor, anyone interested in foreclosures will find
this list invaluable ... VIEW THE LIST
MONTHLY STATISTICS
TRANSACTIONS ... June 2009 MLS residential unit sales rose to their highest
level in a year in Glynn County. While still well below historical levels, the monthly free
fall in transactions has abated over the last two months providing some encouragement
for the ... READ THE COMPLETE REPORT This report shows individual
transaction details, photos, list prices, sale prices, and more.
MARKET CONDITIONS ... Years Supply of Inventory (YSL) is a strong
indicator of market conditions. This report tracks the ratio of sales to inventory,
pinpointing the best buying opportunities among 10 Glynn County regions ... READ
THE REPORT Following this report will help you time the real estate recovery.
WARRANTY DEEDS ... The following are Glynn County warranty deeds filed
for the month of May 2009. These are filed after real estate closings and include the
name of the seller, buyer, property description, price and other information. The report
features a historical analysis of warranty deed statistics from 2005 through 2009 ...
READ THE REPORT This report is essential reading for a complete understanding of
last month's transactions.
FORECLOSURE DEEDS ... There were 436 foreclosure deeds filed in June
2009, pushing the quarterly total to a new high of 113. This is about four times the
normal rate of foreclosures when compared with the years 2005 through 2007 ...
READ THE REPORT Some read this report just for the gossip value, but it's also
helpful to know which lenders own the foreclosed properties.
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 ... CLICK HERE TO SEARCH
PRICE REDUCTIONS & FORECLOSURE LISTINGS ... The
following MLS listed properties contain the words "reduced, reduction or foreclosure" in
their advertised remarks. Look here for real estate bargains in Glynn County ...MORE
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
NEWS & ANALYSIS
Pending Home Sales Record Fourth Straight Monthly
Gain ... Washington, July 1, 2009. Pending home sales show a sustained uptrend,
rising for four consecutive months with very favorable housing affordability and a first-
time buyer tax credit boosting activity, according ... READ THE ENTIRE ARTICLE
Quick Take: Good News for Mortgage Rates ... July 6, 2009.
The yield on the 10-year Treasury has declined from almost 4.0 to about 3.5 in the past
month. This is a welcome trend for mortgage rates as there is a strong correlation
between the 10-year Treasury and mortgage rates. ... READ THE ENTIRE
ARTICLE
Quick Take: Unemployment, Job Claims, Underwater
Refinancing ... Rising Mortgage Rates, Future Federal Reserve Chairman,
Jobless Claims, Productivity ... find out what NAR's experts are saying about the
economy, the housing market and other factors impacting your business and your life
... READ THE ENTIRE ARTICLENew!
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More KILROY WAS HERE Click to Enlarge
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ST SIMONS ISLAND PHOTOS by Patrick Anderson Click to Enlarge
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