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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.
SEPTEMBER 2009
Free Report! NEWSFLASH! Socialized Health Care
Expected to Cure Real Estate Crisis ;-) ... by Patrick Anderson.
As he prepared to take office in December 2008, Barack Obama was speaking of
government run health care when he said with a perfectly straight face: "This has to be
interwoven into our economic recovery program. This can't be put off because we're in
an emergency. This is the emergency!" ... 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 ... August 2009 MLS residential unit sales were consistent
with July 2009, but even more significantly, about the same as July 2008. During the
third quarter 2009 with one month to go, unit sales have already exceeded unit sales
from all of second ... READ THE COMPLETE REPORT This report shows
individual transaction details, photos, list prices, sale prices, and more.
MARKET CONDITIONS ... The Years Supply of Listings (YSL) improved for
the second month in a row on the strength of fewer listings and a slight increase in the
trailing 12 months unit sales. This is the first time since we began tracking that both
factors have shown ... READ THE REPORT Following this report will help you time
the real estate recovery.
WARRANTY DEEDS ... During the month of August there were 179 warranty
deeds, the highest monthly total of the year. The results were dominated by 23 condo
closings by Sea Island Company totalling almost $100 million in sales. ... READ THE
REPORT This report is essential reading for a complete understanding of last month's
transactions.
FORECLOSURE CENTER
New! FORECLOSURE AD TRACKER ... These properties have been
advertised for auction on the courthouse steps on the first Tuesday of the month.
Organized alphabetically by debtor, anyone interested in Glynn County 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.
FORECLOSURE DEEDS ... There were 35 foreclosure deeds filed in July
2009, about on par with the previous six 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 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, bank, or REO" in their advertised remarks ... VIEW THE
REPORT This is considered the area's best resource for immediate foreclosure
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 ... CLICK HERE TO SEARCH Over 4700 properties listed here.
PRICE REDUCTIONS ... 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 146 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 CENTER
Pending Home Sales on Record Roll ... Washington, September 01,
2009. Contract activity for pending home sales has risen for six straight months, a
pattern not seen in the history of the index since it began in 2001, according to the
National Association of Realtors® ... READ THE ENTIRE ARTICLE
Forecast Updates & Consumer Credit September 8, 2009. By Arun
Barman, NAR Research Economist. While it is good consumers are paying down their
credit balances, the decrease in consumer credit will most likely negatively affect
spending in the near term. . ... READ THE ARTICLE
Blog About This Month's INSIGHT Article JOIN THE DISCUSSION!
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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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REALTOR TV
Lawrence Yun, Chief
Economist for National
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speaks about today's most
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