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CRUCIAL INFORMATION for SAINT SIMONS ISLAND and GLYNN COUNTY Georgia
REAL ESTATE INVESTORS ~ PUBLISHED MONTHLY
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.
OCTOBER 2009
                                           
                                             INSIGHT

Free Report! ABSOLUTE AUCTION ON THE BEACH ...
by Patrick Anderson, Publisher of StSimonsLetter.com. The talk of St. Simons' beach front is the
absolute auction scheduled for October 24 at The Villas
at Coast Cottages. Six high-end properties will be sold to
the highest bidder, with no minimum bid and no reserves
by the seller. A seventh property, the 2003 Coastal Living
Idea House will be auctioned subject to seller's approval
of the final price ...
 CONTINUE THE ARTICLE

    SEE FOLLOW-UP STORY BELOW

    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

Follow-up Story! AUCTION ON THE BEACH EXPOSES
WEAK VALUES On Saturday, October 24, six high-end properties went on the
auction block at The Villas at Coast Cottages. The results produced a sobering reality
that caused many in the estimated crowd of 200 people to shake their heads in wonder
...
CONTINUE THE ARTICLE


                TRANSACTION CENTER

TRANSACTIONS ... September 2009 MLS residential unit sales were slightly
higher than September 2008, finishing out the first same quarter year-to-year increase
since 3Q 2005, a welcome sign. Traditionally, third quarter unit sales decline when
compared with ...
 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
a third straight month on the strength of fewer listings and a very slight increase in the
trailing 12 months unit sales.  This is the second month in a row that both factors ...
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 September 2009. These are typically 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. There were 173 records for September 2009 ...
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 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 43 foreclosure deeds filed in
September 2009, equaling the monthly high established in June. This is about twice the
number from September 2008 and about 6 times the normal rate of September
foreclosure deeds when compared with ...
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 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 ...
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 145 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
97 approved vendor listings here.

                       NEWS CENTER

Moving in the Direction of Price Stability ... October 5, 2009. By Ken
Fears, NAR Economist
. Falling prices have been one of the biggest problems for the housing
market over the last three years. Without price stability, it can be difficult to get a loan or
mortgage insurance to buy a home ...
READ THE ENTIRE ARTICLE

Forecast Update:  ISM Non-Manufacturing Index ... October
5, 2009.
By Lawrence Yun, NAR Chief Economist. Good news. The service industry finally showed
expansion signs in September. New orders were particularly strong. But the jobs in the
service industry still show contraction. Companies tend to ...
READ THE ARTICLE
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