www . StSimonsLetter. com
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.
December 2009
                                           
                                              INSIGHT

Free Report! Tax Digest Grows as Buyers Lose Appetite  ...  by
Patrick Anderson, Publisher of StSimonsLetter.com. Thousands of property owners may be reaching
for the Rolaids after the Glynn County Tax Assessor managed only a -1.3% reduction in
the average 2009 tax value. In fact, the overall property tax digest actually grew slightly
due to an increase in new parcels. But where is the connection to fair market value in
the midst ... 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 ... Uncharacteristically, there was only one MLS sale in the
South St Simons Island beach area last month. Most of the November activity was on
the Mainland where the average sale price was $194,447. Indicative of the disparity
between the two markets, Mainland homes sold for 95.3% of list price, while Island
homes sold for only ...  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) improved for
the third time in four months.  The number of listings declined while the number of
sales increased for the trailing 12 months, resulting in an improvement in the YSL from
... 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 November there were 180
warranty deeds in Glynn County, the highest monthly total since ...  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

Now in Excel! FORECLOSURE AD TRACKER ... So far in January
there have been 24 new foreclosure ads published in The Brunswick News. More will
appear as the month progresses. This summary is easy to read, and NOW available as an
Excel file!  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 disturbing
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 157 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.

                          REGIONAL & NATIONAL

New! Atlanta Metro Market Report ,,, This very detailed report on the
Atlanta area metro market includes data and commentary on home prices, sales, supply
and demand factors, foreclosures, construction starts, affordability, the mortgage
market and more. READ THE REPORT


New! Regional Market Comparisons ... Ken Fears of National
Association of Realtors compares regional real estate trends and discusses some of the
broader patterns making an impact on regional housing markets ...  READ THE
REPORT

Realtors' Confidence Index ... This fascinating report from NAR includes
insightful comments from Realtors around the country. It demonstrates with clarity the
differences between the low end and high end of our market, and how the economy is
affecting the second home market ... READ THE ARTICLE
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www.StSimonsLetter.com is published by Patrick Anderson & Associates, Inc.
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