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, relevant 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 2013
                                           
                                            INSIGHT

    Your property tax assessment ... did they get
    it right? ...  by Patrick Anderson, Publisher  ... Glynn County has
    recently mailed your 2013 property tax assessment. The big question is,
    did they get it right? The answer will determine whether you should file
    an appeal within 45 days. Fortunately, Glynn County makes it very easy
    to research your property value with their GIS ...  READ MORE


    FREE SUBSCRIPTION ... gives you access to INSIGHT and other reports marked
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    $5 per month thereafter ... cancel anytime.
                          
                            TRANSACTION CENTER

RESIDENTIAL TRANSACTIONS ... Unit sales for April 2013 were
about the same as April 2012. However, a higher than normal mix of sales on the
Islands propelled Glynn County to a healthy 12% increase in dollar volume. Glancing at
April's historical unit sales in the table above left, it's easy to see ... 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 YSL rose from 1.08 last month to 1.09 in
May 2013 due to a slight increase in listings and a slight decline in the trailing 12 month
unit sales. Over the past 3.5 years, YSL has declined steadily from 3.02 on July 1, 2009
to 0.96 in ... READ THE REPORT  This report will help you time the real estate
recovery and target geographic areas with the most negotiable prices.

WARRANTY DEEDS ... Glynn County public records office is having
computer problems and was only able to post deeds filed through April 24, 2013. We
will surely have more than 159 deeds filed for April once the problem is solved, so the
April 2013 ...  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) ... Through
May 11 we have 60 foreclosure ads posted on our easy-to-read report for the June 4
auction in Glynn County  ...  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 ads appear in our report.

FORECLOSURE DEEDS (RECENT FORECLOSURES) ... Glynn County
public records office is having computer problems and was only able to post deeds filed
through April 24, 2013. We will surely have more than 28 deeds filed for April once the
problem is solved, so the April 2013 ... 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 ... 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.

PUBLIC PROPERTY RECORDS ... This Glynn County GIS website is
an indispensable source for studying comparable sales data. Search by owner name,
address, parcel number, neighborhood, map location, and more. CLICK TO SEARCH  
Great tool for studying whether your property is assessed at fair market value. NOTE:
ignore the login screen for most search functions.

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

Home prices continue growth trend ... from Realtor.org ...
Metropolitan area median home prices continued to rise in the first quarter, with the
national gain showing the best year-over-year performance in over seven years,
according to the latest quarterly report by the National Association of  ... MORE

Fiscal policy has been restraining economic growth ...
from DSNews.com ...When the Federal Open Market Committee completed its two-day
meeting at the beginning of May, it issued the usual six-paragraph post-meeting
statement. The May statement included seven words— ... FULL STORY

Bernanke: Fed improves housing analysis ... from
Housingwire.com ... the Federal Reserve has made efforts by greatly increasing the
resources devoted to monitoring the financial markets as well as taking a more
systematic and intensive approach, said Ben Bernanke, chairman of the  ...  MORE

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 BLOG
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