www . StSimonsLetter. com
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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.
November 2009
Free Report! Foreclosure Tsunami Approaches St Simons
... by Patrick Anderson, Publisher of StSimonsLetter.com.
Reading the foreclosure notices this past Saturday was like
watching a disaster movie. The only problem was, it was all
true. A major local developer has been notified by two lenders
that they are foreclosing on over $88 million in real estate ...
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 ... Investment buyers have yet to return to the market for
higher priced properties except when clear bargains are available. Most of the October
activity was on the Mainland where the average sale price was $157,634. Indicative of
the ... READ THE COMPLETE REPORT This MLS based report shows historical
sales data, individual transaction details, photos, list prices, sale prices, and more.
MARKET CONDITIONS ... The Years Supply of Listings (YSL) increased
slightly, ending two consecutive months of decline. The number of listings rose as did
the number of sales for the trailing 12 months ... READ THE REPORT This report
will help you time the real estate recovery and target geographic areas with the most
negotiable prices.
WARRANTY DEEDS ... During the month of October there were 164
warranty deeds in Glynn County, a number consistent with the previous four months.
On the plus side, it was slightly higher than the October 2008. On the negative side ...
READ THE REPORT This Public Records based report shows seller, buyer, price and
property descriptions for each of last month's real estate sales. It 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 REPORT Save your eyesight! This report will keep you from
going blind reading the foreclosure ads in the local paper.
FORECLOSURE DEEDS ... Comparing the number of foreclosures last
month with the number of warranty deeds transferred by lenders, we see a continuing
trend of building inventory among lenders. Over the past ... 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 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. You can further refine your search by price and size ... CLICK HERE TO
SEARCH Over 4700 properties listed here.
PRICE REDUCTIONS ... The following MLS listed properties contain the
words "reduced or foreclosure" in their advertised remarks. Look here for real estate
bargains in Glynn County ... MORE 162 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
98 approved vendor listings here.
NEWS CENTER
Signs of a Tepid Recovery ... November 4, 2009. By Ken Fears, NAR Economist.
The economy is showing signs of a tepid recovery, suggestive that it could take more
time and stronger consumer confidence to bolster the economy. ... READ THE
ENTIRE ARTICLE
Manufacturing Improves ... November 2, 2009. By Lawrence Yun, NAR Chief
Economist. After being punished severely this recession, the manufacturing sector is
showing signs of revival. There is a hint that job hiring in the sector is just around the
corner ... READ THE 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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New Feature!
REALTOR TV
Lawrence Yun, Chief
Economist for National
Association of Realtors
speaks about today's most
urgent real estate issues.
Follow-up Story! Ten St Simons Condos Auctioned Online From November 5 through 19, online bidders competed to buy ten East Beach Villas condominiums. Watching it unfold was fascinating. We've got the bidding results and some real estate history right here ... READ THE ARTICLE
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