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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.
AUGUST 2009
FREE REPORT! FIRST TUESDAY ON THE
COURTHOUSE STEPS ... by Patrick Anderson.
Glynn County had 90 foreclosures advertised for sale at "public outcry" on the
courthouse steps for Tuesday, August 4. Have you ever witnessed this event? If you
have visions of a fast talking, bellowing auctioneer hustling properties like livestock, it's
not like that at all. It's more like nicely dressed lawyers reading gobbledygook to
yawning oak trees ... 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 the first
Tuesday of the month. Organized alphabetically by debtor, anyone interested in
foreclosures will find this list invaluable ... VIEW THE LIST Save your eyesight! This
report will keep you from going blind reading the foreclosure ads in the local paper.
MONTHLY STATISTICS
TRANSACTIONS ... July 2009 MLS residential unit sales rose to their highest
level in more than a year in Glynn County with 71 units sold. While still well below
historical levels, the monthly free fall in transactions has abated over the last three
months providing encouragement for the marketplace. This marks the first monthly
increase (over the same month prior year) that we have seen since before 2007. ...
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. For the first
time since we've been tracking, the YSL ... 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 July 2009. These are filed after a real estate transaction and include
the name of the seller (grantor), buyer (grantee), and other information about the sale.
The transaction price can be discerned by multiplying the transfer tax by $1,000 ...
READ THE REPORT This report is essential reading for a complete understanding of
last month's transactions.
FORECLOSURE DEEDS ... There were 40 foreclosure deeds filed in July
2009, on par with the previous five months. This is about four times the normal rate of
foreclosures when compared with the years 2005 through 2007. Foreclosure deeds are
filed following ... READ THE REPORT This report also includes a link to MLS listings
of foreclosed properties for sale.
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 Over 4700 properties listed here.
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
150 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
96 approved vendor listings here.
NEWS & ANALYSIS
Pending Home Sales are Up Again ... Washington, August 04, 2009
Pending home sales are up for the fifth consecutive month, the first time in six years for
such a streak, according to the National Association of Realtors®. ... READ THE
ENTIRE ARTICLE
Sea Island Co. Finalizes Long-Term Debt Restructuring
Agreement Company Says Agreement is Critical Step in Larger Effort to Reduce
Debt, Position the Company for Future Success. SEA ISLAND, GA, July 23, 2009 – Sea
Island Company today announced it has finalized its. ... READ THE ARTICLE
Island Planning Commission Kills Island Corridor Plan
July 27, 2009. By Matthew J. Permar ~ It started some months ago as a plan, an idea to
control the look of development on St. Simons Island. But, it came to a likely halt last
week when the ... READ THE ENTIRE ARTICLE
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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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