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Market Conditions for Brunswick, Georgia
Reported by Herb Miles, GRI, ePRO, Associate Broker
Updated November 9, 2009.
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Current Market Rating: 1
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Buyer's
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Seller's
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Current Price Trend: 4
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Falling
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Brunswick, GA: - November '09
$8,000 Tax Credit for 1st Time Buyers Extended! - www.Coastal-Georgia.com/Links
New $6,500 Tax Credit For "Move-Up" Buyers - www.Coastal-Georgia.com/Links
Average Sale Prices are still Very Low - if you can take advantage of this market, DO IT NOW!
If You Are A Veteran, Or Can Qualify As A First Time Home Buyer, There Are Some Great Financing Opportunities - Contact Me Right Away!
The Brunswick Residential market revived some in October, but with only 7 sales reported. Average Sale Prices were $136,285 (up) and Percent of List was 93.07% (up) for Single Family homes, and the Days On Market was 126 (down) days. The Average Sale Price for Brunswick Residential Properties for 2008 was $106,070 (down), with sales at 90.5% of list price. Sellers are still overpricing their properties, so I advise hiring an Accredited Buyer Representative to represent you and negotiate for you. NOW is the time to BUY! WE ARE STILL IN A BUYERS MARKET. DON'T LET THIS STRONG BUYER'S MARKET GET BY YOU!!! There is still mortgage money available for solid buyers, and sellers are very anxious for an offer!
Data Charts at: www.CoastalGlynn.com
Liberty Harbor has finally got off the ground, but nothing else has happened. The first Single Family home is completed on the waterfront, but there are no signs of any other starts. The first Condo unit was scheduled to start last year, and the 450 Wet Slip Marina has been approved and construction was expected to begin in the 1st quarter of 2009. So far, there are no signs of any activity. But stay tuned - a civil law suit has been filed against Liberty Harbor citing breach of contract, fraud and other charges stemming from the delay in condo construction.
Other new projects in Brunswick include Canal Crossing, Parkwood Village and Glynn Isles Market. A site plan has been recommended for approval for a 44 acre tract that would become new shopping development, called Canal Crossing. Located near I-95 Exit 38, the developers have been talking with a several possible anchor tenants, and several restaurants, for this $20-25 million shopping center. Rumors abound, with the usual suspects being mentioned: Sam's Club, Kohl's, Olive Garden, etc. groundbreaking is expected for the Summer of 2010, with opening for 2011 or later. Please contact me right away if you have interest in Parkwood Village or Canal Crossing - available slots are going quickly! Parkwood Village is a mixed-use residential, commercial, and retail development at the corner of Parkwood and Highway 17. Glynn Isles Market is a major shopping center at the intersection of Altama Avenue and Golden Isles Parkway, slated to feature at least seven national stores new to the area and estimated to create nearly 1,000 jobs. Among the stores now open are H&H Lifestyles, Lowe's, Office Depot, Circuit City, Target, Michaels, Pet Smart, Old Navy, Longhorn Steak House, Monkey Love, Five Guys Hamburgers, and a lot of others not far behind.
For a detailed look at Blueprint Brunswick's projects: www.blueprintbrunswick.com
The Downtown Development Authority continues to come up with ideas to promote residential and business development in Downtown Brunswick. You may want to look into the Historic District soon. Give me a call!
Contact me for professional service whether you are interested in buying or selling!
Go to www.CoastalGlynn.com for more Sales Data covering activity from 1996 to the present.
"No Other REALTOR Will Serve You Better!"
ZIP Code: 31520
Approximate Location Boundaries: Brunswick is on a peninsular bordered on the East by the Back River, the West by the Turtle & East Rivers, and the South by the Brunswick River and St Simons Sound
Location Characteristics: A Great Port City and Historical Old Town Brunswick! Brunswick is Glynn County's only municipality and serves as the county seat. Brunswick was named in honor of England's King George III, who was of the House of Brunswick.
For More Information:
View Market Conditions of other areas served by Herb Miles, GRI, ePRO
Navigate: Top > Georgia > Brunswick
About Herb Miles, GRI, ePRO:
I really love working with the wonderful people I meet! Whether you are a Buyer or Seller, or just thinking about it, there is something for everyone along Georgia's Coast and in the Golden Isles. I have owned and operated businesses in Tennessee and Georgia, and have owned both Residential and Commercial properties, so I can relate to most situations, and help you with any Real Estate Transaction.
I can help you find your Dream Home on the Georgia Coast! We offer Residential Homes, Condos, Vacation Rentals, Second Homes, and Investment Property, with Ocean Front, Beach, Front, Marsh Front, Gated Communities, Lots, and Land in Glynn County, and Camden, McIntosh, and Brantley Counties in Georgia.
"No Other RealtorŪ Will Serve You Better!"
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
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