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- Uncategorized (9)
- November 10, 2008: The beat goes on...
- January 15, 2008: January 08 update
- July 3, 2007: What the "Market Correction" really means.
- June 26, 2007: Keep things in perspective
- June 13, 2007: Market Update 6-13-07
- April 25, 2007: Market Update 4-25
- March 21, 2007: Update 3-21
- February 12, 2007: State of the real estate market 2-12-07
- January 17, 2007: Welcome to St. Simons Island
Market Update 6-13-07
While the market continues to show sluggishness on St. Simons, less so in Brunswick, there are signs that things may be starting to turn, ever so slightly. Brunswick activity has continued to out pace island activity, it would appear from a pricing perspective. There are new developments going up touting “Only 20 minutes from the beach…” On St. Simons, the upper end of the market continues to show more consistent activity than the rest of the market, although there seems to be the beginnings of an upswing in the lower echelons of the market. We will see. Bottom line, the market in the coastal area continues to be awash in opportunities for buyers. Most people who have their homes on the market would obviously like to sell, but do not have to. So while there is an abundance of choices for todays buyer, prices for the most part are remaining fairly firm. There are some instances of price drops which is indicating an increased level of desire and reality on the part of sellers, but all in all it feels like buyers are waiting to see what sellers will do, and sellers are holding tight, waiting for the market to turn. So plenty of choice but not much break on the price.
Please call or email me if I can help you with your coastal Georgia and northeast Florida real estate needs. Thanks
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