the ST SIMONS letter ~June 2010 ~ Info for Glynn Co real estate investors

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

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Glynn County, Georgia.

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insight regarding the local
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June 2010

INSIGHT

Free Report!

hole Lotta' Lots

...

by Patrick Anderson,

Publisher

To put

Glynn County lot

sales in

perspective,

hey have fallen

from

390 in 2005 to

only 58 in 2009. Mainland lot

sales

dropped 80%. Islands lot

sales dropped

93% to only 10

lots

sold

2009

. As a result, Glynn County now

has a 9.35 year supply of residential lots

...

EAD

THE

ENTIRE

ARTICLE

Our INSIGHT article above is FREE! ... the reports below require

nominal

subscription

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                       TRANSACTION CENTER

TRANSACTIONS ... May 2010 unit sales rose 31% over May 2009, while Glynn
County dollar volume increased by 23%. Judging from the progress of month-to-month
unit sales, we are still in the early stages of market recovery. It's interesting to note that
... READ THE COMPLETE REPORT This MLS based report shows historical sales
data, individual transaction details, photos, list prices, sale prices, and more.

MARKET CONDITIONS ... Inventory balance has improved dramatically in
the past year, from 3.01 Years Supply of Listings (YSL) on July 1, 2009 to 2.11 on June 1,
2010. This is an encouraging sign and another indicator of early stage market recovery.
During the same period, Islands YSL has dropped 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 ... The following Glynn County warranty deeds were
filed during the month of May 2010. There were 163 warranty deeds filed, up 21% from
May 2009, but still down 21% from from May 2008. To put the number in broader
perspective, the May 2010 number is ... 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 ... 150 foreclosure
ads are currently appearing in the June public notices for auction July 6 ... a new
monthly record since we began tracking. Dollar volume was down due to some ads
appearing without amounts, and a low dollar average per ad ... VIEW THE R EPORT
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 May 2010. We're on pace for a record quarter with 61 deeds
filed in May 2010, a 69% increase over May 2009. ... 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 276 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.

J ekyll Island Moves Forward with Renovation Plans ...
Hotel and retail developers chosen ... by Pamela Permar Shierling , The Islander.
The owners of the Jekyll Island Club Hotel and Jekyll's new Hampton Inn & Suites
have been chosen by the Jekyll Island Authority (JIA) to design and construct the 200
room, full service hotel which will be located on the village ... READ THE ARTICLE

Foreclosure Recourse and Strategic Mortgage Defaults ...
by N.A.R. Much attention has been given to mortgage defaults, especially ‘strategic
defaults’—those in which the borrower has the financial ability to pay the mortgage but
chooses not to. One factor that borrowers consider is the ... READ THE ARTICLE

Forecast Updates: Mortgage Rates, Unemployment ... by
NAR. Mortgage rates remained largely unchanged at 4.79 percent from 4.78 percent a
week ago. Low mortgage rates will help support the housing market which is sure to
face challenges in the months ahead as potential buyers react ... READ THE REPORT

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