Update 3-21

March 21, 2007 by gp.

The market continues to show sluggishness at the lower end as prices seem to have risen enough for investors to not be able to make the numbers work and first time buyers being priced out of the market. While there appears to be more activity in the middle and upper sections of the market, as of today there are over 400 single family homes available on St. Simons alone; this does not include condominiums. A very high number indeed. In the last 90 days there have been 53 single family sales and 29 condo sales through the MLS.

For further info on avoiding some of the most common mistakes homebuyers make, please read: 10 Biggest Mistakes Home Buyers Make - If you can avoid falling into these traps you’re likely to get a much better deal.
Please contact me for free St. Simons Island real estate information. Thank you.

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