I would like to take a quick minute and give another market
update on Brunswick and Saint Simons Island, Georgia. The market is good for Seller’s right
now. Yes I know, not something you are
used to hearing. Sales have been brisk
with 46 listings sold in the last 30 days.
There are also 121 new listings which is good news in that inventory has
been very limited. I am encouraging my
fence sitting clients that it is now time to jump whether they are buying or
selling. My closing attorney is swamped
with scheduled closings which is another sign that other Realtors are doing
well too. The first time home buyer
price range from $140-$180 is very active right now and decent homes priced
from $35-$79 are almost impossible to find.
My personal experience has seen its ups and downs over the
last 30 days. I have several homes under
contract for buyers and had a successful, yet difficult, foreclosure closing
last week.
Speaking of foreclosures, the
steady torrent of foreclosures coming onto the market has drawn down to a
trickle. This means there are more folks
out there interested in buying foreclosures than there are for sale. I have had two clients, just last week, lose
out on a foreclosure where there were multiple offers. Friday, I had a client who upon their third
visit to the home, discovered that it had gone under contract that morning at
close to list price. My point being that
if you like the home and have the funds lined up with a pre-approval
letter, you may miss out if you wait.
Something I really hate seeing is the disappointment on a young couple’s
faces when I have to tell them their dream home is going to someone else.
I do have the inside track on a foreclosure coming onto the
market in a couple of weeks on St. Simons Island and it should be priced in the
mid $100’s. I am sure it will go under
contract within a couple of days of being listed for sale. If you are looking for a foreclosure on Saint
Simons, you should contact me as soon as possible. I truly believe that if you are still fence
sitting, you will pay more for less house at a higher interest rate.
Homes and condos on Saint Simons are still trending well
especially anything under $225,000.
There has been a lot of pent up demand for island homes and they are now
selling well. It’s slowly become a
Seller’s market in the Golden Isles of Georgia.
Jeff Williams Realtor, RSPS
Resort & Second Home Markets Specialist
Coastal Georgia Real Estate Associates
Coastal Georgia Real Estate Associates
405 Magnolia Street, St. Simons Island, GA 31522
Ofc: 912-638-0006 Fax: 912-580-4130
Direct: 912-270-0032
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