The Glynn County real estate year started off with a bang this January, as we saw an increase in activity on both the Mainland and the Islands. This is a welcome change which we hope will be sticking around! Not only did we see increases in the amount of units sold, but in the dollar amount sold as well. Let’s take a few minutes to break down the numbers …
Within the Islands (St. Simons, Jekyll Island, and Sea Island*) we turned in 22 transactions totaling just over $8.7 million. Compared with the 15 units sold in January 2010, we saw a 32% increase in unit sales. Additionally, the dollar amount of $8.7 million is up over $6.3 million in January 2010. Of these 22 transactions, the largest sale was of a five bedroom, three bath home on Jekyll Island which sold for $815,000 and the smallest was for a three bedroom, two bath bungalow on St. Simons Island which was a Home Path Foreclosure property. This property sold for $175.000.
On the Mainland (Brunswick, Glynn County) we also saw an increase in unit sales as well as dollar sales compared to January 2010. With 30 transactions logged in, totaling just over $4 million, we saw a unit increase of 23%. Of these 30 transactions, the largest sale was a four bedroom, three and a half bath home in Barrington Oaks. Interestingly, of the 30 transactions, 12 where either foreclosures or short sales.
For more information on any of the statistics found in this post, or for information on our real estate market in general, please feel free to contact the Classic Coastal Homes group today. Also, please feel free to join in the conversation on our Facebook Page or on our website.
Thanks for visiting and have a great day!
*Island statistics do not include Sea Island Company Sales
*Information taken from the Golden Isles MLS as of February 7, 2011
