the ST SIMONS letter ~February 2012 ~ Info for Glynn Co real estate investors

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.

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February 2012

INSIGHT

erhardt reveal

Glynn

Co.

real estate

trends

...

by Patrick

Anderson,

Publisher

lynn County Chief Appraiser Bobby

Gerhardt has released

east

of Glynn County statistical reports that will

satisfy the

hungriest

appetite for real estate data

. I myself have

purged

several times and still not

digested

all the information. So I present

this

to you as an

all-you-can-eat buffet

...

EAD

THE

REPORT

REE SUBSCRIPTION

... gives you access to INSIGHT and other reports marked

"FREE." You will receive monthly notifications when new articles appear.

PREMIUM SUBSCRIPTION

... gives you access to ALL reports and monthly

notifications when new articles appear.

ONLY

$1 per month for first three months,

$5 per

month thereafter ... cancel anytime.

                   TRANSACTION CENTER

TRANSACTIONS ... While unit sales were even, the overall dollar volume and
average price sold for residential property during January 2012 were down significantly
from January 2011. This could be due to a change in the "mix" of price points sold, a ...
GO TO REPORT This comprehensive MLS based report shows historical sales data,
individual transaction details, photos, list prices, sale prices, analysis, and more.

MARKET CONDITIONS ... The Years Supply of Listings (YSL) for Glynn
County rose slightly to 1.30 due to a small rise in the number of listings. The YSL is
calculated by dividing the number of Active Listings by the number of Unit Sales for the
most recent. ... 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 January 2012 there were 134
warranty deeds filed in Glynn County, an 11% decrease from January 2011 and 14%
more than in January 2010. The January 2006 total was 355, a reminder of just how far
activity ... VIEW THE REPORT This Public Records based report shows seller, buyer,
deed reference, price and property descriptions for each of last month's real estate sales.
This is essential reading for a complete understanding of last month's transactions.

                 FORECLOSURE CENTER

FORECLOSURE AD TRACKER (PRE-FORECLOSURES) ... We have
posted 84 new foreclosure ads this month from The Brunswick News. These properties
will be offered to the highest bidder on April 3, 2012 ... 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. Most of these properties will appear on the
Foreclosure Deeds report below the following month.

FORECLOSURE DEEDS (RECENT FORECLOSURES) ... January 2012
foreclosure deeds in Glynn County totalled 61, a 5% increase from January, 2011. This
marks the first monthly increase in 9 months when compared with the same month,
previous year. ... VIEW THE REPORT Watch this report to see names, deed
references and locations of properties that have recently been foreclosed. Most will
eventually end up on the Foreclosures for Sale report below.

FORECLOSURES FOR SALE (LISTED BY REALTORS®) ... The following
MLS listed properties are for sale and 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 ... (no subscription required) 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 4400
properties listed here. The area's most comprehensive site for real estate searches.

PRICE REDUCTIONS, FORECLOSURES & SHORT
SALES ... The following MLS listed properties are organized in three categories:
reductions, foreclosures and short sales. Each category is organized by area and price.
Look here for real estate bargains in Glynn County ... MORE 300+ properties listed.

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
Over 100 local vendor listings here.

                            NEWS ITEMS

F annieMae taking online offers for REO... from HousingWire.com
... Real estate agents can submit offers on behalf of their clients to buy Fannie Mae REO
online. The government-sponsored enterprise launched pilot programs in Orlando,
Fla.; San Diego; and Detroit in November 2010. On ... READ THE ARTICLE

N umber of improving markets expands to nearly 100 ...
from DSNews.com ... The number of housing markets showing measurable
improvement expanded by 29 metros in February to include a total of 98 markets listed
on the Improving Markets Index published monthly by First American ... FULL STORY

B lue chip forecast on home prices ... from NAR. So, what is the Blue
Chip consensus saying about the bottoming of home values? In the latest January
issue, a solid majority of economists said the Case-Shiller home price index will finally
bottom in 2012 .... READ THE ARTICLE

Economists outlook blog ... from Realtor.org. Get your daily dose of
information on economic data, real estate trends and market conditions in NAR's new
Economists' Outlook Blog. A full menu of information for the real estate data junkie.
Updated daily ... ACCESS THE B LOG

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