www . StSimonsLetter. com
CRUCIAL INFORMATION for SAINT SIMONS ISLAND and GLYNN COUNTY Georgia
REAL ESTATE INVESTORS ~ PUBLISHED MONTHLY
StSimonsLetter.com 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, and comprehensive
insight regarding the local
market. It is Glynn County's
most important real estate
publication.

StSimonsLetter.com is available
by subscription only and
delivered by email every month.
May 2010
                                           
           INSIGHT

Free Report! No-Brainers  ...   by Patrick Anderson, Publisher.  We invited
Glynn County realtors to tell us about their top "no-brainers" ...  real estate listings so
well priced that an informed buyer would consider them a fantastic opportunity. Here
are the results in no particular order: ...  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 ... April 2010 unit sales rose a healthy 71% over April 2009,
while Glynn County dollar volume rocketed up by 128%. Most of the dollar increase
occurred on the Islands where volume increased a whopping 296%. Even with the
welcome increase, April 2010 unit sales were still well below ...  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 number of residential listings rose sharply
in April 2010 after dropping significantly in March. Offsetting the inventory rise was a
strong increase in units sold for the trailing 12 months, resulting in a 2.14 Years Supply
of Listings (YSL). The YSL is ... READ THE REPORT This report will help you time
the real estate recovery and target geographic areas with the most negotiable prices.

WARRANTY DEEDS ... The following Glynn County warranty deeds were
filed during the month of April 2010. There were 177 warranty deeds, up a healthy 40%
from April 2009, a good sign, and down only 12 % from ...  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 ...  The number of
monthly foreclosure ads approached another record in May with 140 ads. The principal
dollar volume was rose to over $67 million due to a $24 million principal for a 3,000
acre mixed use ...  VIEW THE REPORT This report will keep you from going blind
reading the foreclosure ads in the local paper. Follow us on Twitter or Facebook (at
left)  for immediate notification when new foreclosure ads appear in our report.

FORECLOSURE DEEDS ... The following are Glynn County foreclosure
deeds filed for the month of April 2010. There has been no let-up in the avalanche of
foreclosures with 65 Glynn County foreclosure deeds filed in April 2010, 25% more than
March 2010 and a 91% increase over  ... VIEW 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 have
been tagged as "foreclosure properties" ... 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, subdivision, size and many more
criteria ... CLICK HERE TO SEARCH Over 4200 properties listed here.

PRICE REDUCTIONS ... The following MLS listed properties contain the
words "reduced or foreclosure" in their advertised remarks. Organized by price. Look
here for real estate bargains in Glynn County ... MORE 265 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
110 approved vendor listings here.

                                      NEWS CENTER

Glynn County to toughen Bed Tax Ordinance ... Vacation
rental properties to be affected ... by Matthew J. Permar, The Islander. As St.
Simons Island has grown, a rather unique situation has evolved with regard to rental
property. Over the years, many property owners have turned ... READ THE ARTICLE

Pending home sales on an upswing  ... by N.A.R. Pending home sales
increased again in March, affirming that a surge of home sales is unfolding for the
spring home buying season, according to the National Association of Realtors®. The
Pending Home Sales Index,* a forward-looking indicator based ...  READ THE ARTICLE

NAR calls for reform of flood insurance ... by NAR. The National
Flood Insurance Program has been effective at reducing costs to property owners and
saving taxpayers money, but since 2005 floods and damages have pointed toward a
need to reform the program, said the National Association of ... READ THE REPORT
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