Well, its that time again – another month on the books. When it comes to St. Simons Island Real Estate and Brunswick Georgia Real Estate, we’ve got you covered and that means keeping you up-to-date on what is selling in the Golden Isles. To do that, we are constantly browsing and compiling the latest real estate data and posting it here each month.
Within the Islands – St. Simons Island, Sea Island and Jekyll Island - we saw 13 single family home sales in the month of October 2010. These sales ranged from $120,000 to $680,000. These St. Simons Island Homes for Sale where on the market for an average of 238 days, and sellers received approximately 92.4% of their asking price. These 13 home sales are significantly more than the 6 which sold during the same month last year. The majority of the sales where divided between the south end and mid-north section of St. Simons Island, with only one of the home sales coming from the Jekyll Island area.
Condo and townhome sales are still relatively depressed in our area, however we did see 7 properties sell within the Islands during October 2010. These sales ranged from $105,625 to $336,232. Of these 7 properties that sold in October, the number of days on market averaged 267 days with sellers receiving approximately 92.8% of their asking price. St. Simons Island Condos are perfect for those looking for a vacation home or rental investment property on the Island. They are typically low maintenance and many are centrally located to the beach and the Village area. Because of the slow-down in condo sales, buyers and investors who are poised and ready can take advantage of great deals in the area.
Single family home sales in Brunswick saw a bit more activity in the month of October than their sister properties on the Islands, with 22 sales during the month. They also moved a bit faster with an average of 147 days on market. Prices ranged from $14,000 to $400,000 with sellers receiving approximately 91.8% of their asking prices. Home sales on the mainland where fairly evenly distributed between Central Glynn, North Glynn, and West Glynn. Of these homes, at least 6 where foreclosure properties. These numbers are down significantly from the 43 properties which were sold during the same time frame last year.
We provide these statistics not only to educate you on our current market conditions, but to help you make informed and knowledgeable decisions when it comes to real estate. If you’re ready to take the next step in pursuing your real estate goals pick up the phone and give us a call – we’re always available for consultation. You can find all our contact information here.
Thanks for visiting and have a great day!
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