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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
January 08 update
Well it has been an interesting winter so far with the market some 30%
off from the previous year. Slow describes the market and the
properties that are selling are either perceived “deals” or distinctive
properties that stand out from the rest of what is for sale.
There
will always be buyers and sellers but right now the buyers are favored
given the level of activity (anemic) and the amount of product that is
on the market.
The commercial side is showing some signs of
softening as well as retailers find their fortunes are intertwined with
home owners concerned about economic factors.
We are fortunate in
that this market did not have the level of residential speculation that
other coastal areas had and while things are slow going and will be for
the next 6-8 months, values are not anticipated to drop beyond what may
be considered a reasonable correction.
Please don’t hesitate to contact me if I can be of service, and thank you.