Glynn County, GA and Surrounding Areas: - 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!
Overall, Residential Sales in the Golden Isles in October continued to decline for single family homes, with the Average Sale Price at $183,812 (down) on sales of 64 homes, and the average Sale-to-List Price at 89.38% (down). Through October, the YTD Average Sale Price of Single Family Homes was $222,271 (down) and $263,535 (up) for Condos, with the Median Sales Price for Single Family homes at $170,000 (unchanged) and $230,000 (up) for Condos. The Median Sale price of Single Family homes dropped 11.2% in 2008, while the Median Sale Price of Condos dropped 6.3%. Year To Date Single Family Homes Median Price has decreased 10.5%, while the Median Price of Condos has increased 5.1%. Since 2007, Median Sales Price for Single Family Homes has dropped 20.5%, and Condos have dropped 1.5%
Data Charts at: www.CoastalGlynn.com
Unsold Residential Inventory at the end of October increased 7.3% overall form the previous month, with 1,687 (up) Single Family homes and 652 (up) Condos in inventory, but Unsold Inventories are still about 55% higher than normal. All Unsold Residential Inventory is up 5.8% from a year ago, and about 55% more than 3 years ago. I continue to see a lot price decreases, along with a very few increases, but there is still a lot of unsold inventory available. At current sales rates, there is a 33.1 months supply of Single Family homes, and 72.4 months supply of Condos in the area. 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!
Three new schools are now open: Sterling Elementary, Jane Macon and Glynn Middle are all really nice facilities. With the new schools now open, the Sterling area is set for a strong housing boom. Several new developments are in the area, with others coming.
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!"
Approximate Location Boundaries: Glynn County is located about 70-80 miles South of Savannah, GA, and 70-80 miles North of Jacksonville, FL, on the Atlantic Coast.
Location Characteristics: Glynn County, on the Atlantic coast south of the Altamaha River, is one of Georgia's original eight counties. The county was created in 1777 from 423 square miles of land formerly held by Creek Indians. Glynn County is named for John Glynn, a member of the British Parliament and a friend of the colonies who once held the position of Sergeant of London. Brunswick is the 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. From the Marshes of Glynn to the many rivers, streams, ponds and saltwater access, Glynn County is a wonderful place to raise a family or retire!
About Herb Miles:
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.
