St. Simons Island | Brunswick, GA | June 2010 Home Sale Statistics

St. Simons Island | Brunswick, GA | June 2010

 

Let’s take a few moments to look over the stats for St. Simons Island and the surrounding area.  For those of you looking for a snapshot of June 2010 sales, you’ve come to the right place!  Over the last six months we have seen a steady increase of activity across the Golden Isles, this is also evident in the June numbers.

Single Family Home Sales | June 2010 | Islands
(24 listings)
	Low	High	Average	Median	Total
List Price	$235,000	$1,975,000	$500,984	$377,500	$12,023,610
Selling Price	$210,000	$1,709,700	$456,158	$350,000	$10,947,800
Sold/List(%)	81.83%	101.43%	92.14%	92.26%	–
Days on Market	33	668	215	179.5	–

 

You will notice, we had 24 single family home sales in the month of June 2010 throughout the Islands (Jekyll, Sea Island, St. Simons). While the average listing price was $500,984, the average home sold for 92.14% of the listing price which was $456,158 on average.  Let’s look at these numbers compared to June 2009.

Single Family Home Sales | June 2009 | Islands
(18 listings)
	Low	High	Average	Median	Total
List Price	$265,000	$1,225,000	$573,544	$486,000	$10,323,790
Selling Price	$230,000	$950,000	$508,806	$442,000	$9,158,500
Sold/List(%)	73.22%	100.00%	90.83%	91.96%	–
Days on Market	33	1211	327	131.5	–

 

By looking at this data we see that the number of single family home sales last month in the Islands (Jekyll, Sea Island, St. Simons) went up from 18 listings to 24 listings.  While the average selling price did go down from 2009 to 2010, the total volume sold last month increased from the same time last year.  Notice too that the average days on market had a big decrease from June 2009 to 2010, from 327 days on average in 2009 to 215 days on average last month. 

 

We can also compare similar trends on the Mainland (Brunswick, North, Central and West Glynn).

Single Family Home Sales | June 2010 | Mainland Brunswick, GA
(44 listings)
	Low	High	Average	Median	Total
List Price	$25,900	$339,000	$163,486	$165,000	$7,193,385
Selling Price	$20,000	$312,000	$150,777	$158,950	$6,634,182
Sold/List(%)	59.15%	118.67%	92.02%	95.80%	–
Days on Market	22	765	176	108	–

 

 As expected, there were more home sales on the Mainland than in the Islands with the average selling price significantly lower at $150,777.  Similar however is the sold to list percentage of 92.02%.  This number tells us that on average the purchase price was 92% of the list price.  The number of days on market last month is also lower on the Mainland at 176 days.  Let us compare these numbers to June of 2009.

Single Family Home Sales | June 2009 | Mainland Brunswick, GA
(40 listings)
	Low	High	Average	Median	Total
List Price	$29,900	$449,000	$180,936	$168,400	$7,237,425
Selling Price	$20,000	$430,000	$173,149	$169,750	$6,925,950
Sold/List(%)	66.89%	110.78%	94.92%	96.14%	–
Days on Market	-4	1312	222	132	–

 

By looking at the June 2009 numbers, we see that the average selling price has gone down in June 2010 from $173,149 in June 2009 to $150,777 in June 2010.  However, the average days on market has also gone down indicating a rise in activity in the marketplace.  While individual prices have gone down, the total volume dollars are relatively the same month over month.

 

For more information on this or anything real estate related, please do not hesitate to contact a member of the Classic Coastal Homes Group. Keep your eye out for next months statistics as we continue to monitor the pulse of the Golden Isles real estate market and keep you informed and up-to-date. 

 

Thanks for visiting and have a great day!

Classic Coastal Homes Group

 

 

 

What is an Appraisal Contingency?

The appraisal acts as a financial compass for all those who have a monetary stake in the property value (buyer, seller, lender and insurance company).  If you are planning to use mortgage financing, it is unlikely you will be able to skip an appraisal.  And, if the home appraises for less than the purchase price you will probably not be able to get a mortgage.  Without the proper protection in the contract, it is possible that you, the buyer, could be in default and loose your earnest money. To avoid this, the best course of action in to have an appraisal contingency in the contract.  This allows you, the buyer, to request that the purchase price is lowered to the appraisal value.  If the seller does not agree, then you have the right to terminate the contract without penalty. This is another reason why you should always choose to work with a Realtor® who will work with your best interest in mind.

For more information on appraisal contingencies or any real estate topic, please do not hesitate to contact a member of the Classic Coastal Homes Group.

Thanks for visiting and have a great day!

Classic Coastal Homes Group

Classic Coastal Homes Buyer Services

After months of hard work we have officially launched our new website. We have designed it with YOU in mind.  Our aim is for the site to be the most comprehensive guide for buyers, sellers and investors of real estate throughout the Golden Isles and beyond.  We want to share a few of our favorite features with you.  Today, let’s chat about our Buyer Services!

 

You can find our site by visiting: Classic Coastal Home Group. Once in the site, click on the banner button labeled “Buyers Services”…

Here you will find an overview of the services we provide to buyers.  We have taken great care in compiling this information for you, and hope that it is as helpful and informative as possible.  Our approach to this site is much like our approach to real estate; we want to meet your needs but exceed your expectations.  Should you  have any questions regarding the site, the information or real estate in general, please do not hesitate to contact a member of the CCH group.

 

Thanks for visiting and have a great day!

Classic Coastal Homes Group

St. Simons Island Condos For Sale

Another wonderful opportunity to start living the St. Simons Island lifestyle today! This gorgeous 2 bedroom 2 bathroom condo in Skiff Landing has been completely remodeled and is ready to move in! Check out our latest video on YouTube to view this spectacular property.

And, don’t forget you can watch it in HD!

 

 

Look no further for your Island retreat! This beautiful 2 bedroom / 2 bathroom condo was completely remodeled in early 2006 and boasts an additional 100 square feet in the master bedroom making this one of the most spacious 2/2 condos in Skiff Landing. The kitchen was completely gutted. Cabinets were replaced keeping space in mind and are laid out perfectly for maximum storage capacity. Appliances, counters, ceramic tile and hardware were also replaced. Both bathrooms were also completely remodeled with new ceramic tile, vanities, fixtures, beadboard, and custom shower in the master. This unit also features all new double-pane windows and storm door. The living spaces are floored with 18 inch ceramic tile with carpet in both bedrooms. The open floor plan living room looks out to the covered porch on the marsh and gives gorgeous panoramic marsh views. The Skiff Landing complex is secluded, beautifully landscaped, has a community pool and is close to some of St. Simons best shopping and dining in Redfern Village and Longview Center. This beautifully updated unit is move-in ready and a must see in Island marshfront property! All assessments are up to date. Call today for your showing. (First Floor Unit) Square footage is approximate.

 

This property is offered by Coldwell Banker Platinum Partners. 507 Ocean Blvd Suite 102, St. Simons Island, GA 31522. www.coldwellbankerplatinum.com 912.634.0404

 

For more information on this and other Golden Isles properties, visit the Classic Coastal Homes Group at www.classiccoastalhomesgroup.com

 

To view this property in person: Call Amy – 912-223-7309

How Much Paint Do I Need For My Room?

“Soap and Paint Are My New Best Friends”

 

Sellers often ask what they should do to prepare their home to be sold that will give them the biggest return.  In this market, you get only one chance to impress potential buyers before they have moved on to the next home.  With that in mind, sellers often think they must demo bathrooms and kitchens, add a pool or build on an additional bedroom to attract attention to their properties.  But, they’re wrong! Have you heard the expression “Keep it Simple, Stupid!” … repeat after me, “Soap and paint are my new best friends!”

 

Yes, the best thing you can do when preparing your home to be sold is clean it {which should be a given} and freshen it up with a new coat of paint!  A few gallons of paint and some elbow grease go a long way. {Click here for an awesome paint calculator that will tell you exactly how much paint you need!}

 

Here’s a few pointers to remember when choosing paint colors.  And, when in doubt, ask your Realtor®. It’s their job to know about things like this!

• Pick neutral colors that will create a ‘blank canvas’ for potential buyers.  Beige, coffee tones, or grays work great.
• To make a room look bigger, use lighter colors.
• To make low ceilings look taller, use a color a shade or two lighter than the walls on the ceiling.
• If the room is chopped up with windows and doors making it look smaller, use a flat paint and cover the window casings and doors in the same paint. This will help blend them together visually.
• If you need a splash of color, use something temporary like curtains, rugs or pillows.

 

If you have any questions, please do not hesitate to contact us.  Preparing your home is one of the most important steps in the listing process.  You’re taking the right step by doing your research!

 

Thanks for visiting and have a great day!

Classic Coastal Homes Group

www.classiccoastalhomesgroup.com

Homes for Sale in Laurel Grove – Brunswick, Georgia

Great Opportunity in Gated Community: Laurel Grove

Our seller has done a great job preparing this home for the market.  This is the perfect opportunity to buy into the beautiful gated community of Laurel Grove.  Located in Brunswick, Georgia this beautiful home for sale  features 3 bedrooms and 2.5 bathrooms and has beautiful views of the lake.  New wood flooring in the family room.  New Paint.  New refrigerator.  New Stacking Washer and Dryer.  This home is priced competitively with foreclosure inventory and is ready for you to move in!  Don’t miss this opportunity.  View the video below and give us a call!

Thanks for visiting and have a great day!

Classic Coastal Homes Group

St. Simons Island Fireworks Schedule and 4th of July Activities

INDEPENDENCE WEEK ACTIVITIES IN
BRUNSWICK AND THE GOLDEN ISLES OF GEORGIA

 

Looking for a complete list of Independence Week activities in Brunswick and the Golden Isles? Look no further!  Whether you are looking for fireworks, festivals or just plain fun – we’ve got you covered!  The Classic Coastal Homes Group at Coldwell Banker Platinum Partners wishes you and your family a very happy 4th of July weekend.  Should you need any real estate assistance while in our area, please do not hesitate to contact us! Enjoy!

 

JULY 4 FIREWORKS FESTIVITIES AND DISPLAYS

 

BRUNSWICK – Old-Fashioned 4th of July Celebration. Enjoy a traditional small-town holiday celebration, complete with games, prizes, free watermelon, music and fireworks at dusk. Mary Ross Waterfront Park, Gloucester and Bay Streets, downtown Brunswick. Information: 912-262-6934.

ST. SIMONS ISLAND – Enjoy the annual July 4 fireworks display at Neptune Park on the St. Simons Island waterfront. Parking is available throughout the village area. NOTE: Lighthouse Trolleys offer shuttle service throughout the south end of St. Simons Island. For more information call 912-638-3333 or visit them online.

 JEKYLL ISLAND – Jekyll Island Fireworks Extravaganza. Enjoy this annual family fun party and fireworks finale, on the Jekyll Island beach. $5.00 parking fee at gate. 5:00 to 9:00 pm. Information: 912-635-3636.

 

 INDEPENDENCE WEEK ACTIVITIES

July 2 / First Friday. Visit the shops, galleries and restaurants of historic downtown Brunswick. “He said beer, she said wine” tastings at select shops; live music at various locations. This has become a popular way to spend a quiet Friday evening with friends! 5:00 to 8:00 pm, Newcastle and Gloucester Streets, downtown Brunswick. Information: 912-265-4032.

July 2-4 / Sunshine Festival Arts and Crafts Show. Local and regional artists display pottery, jewelry, painting, sculpture, garden art and more. 10:00 am to 5:00 pm. Postell Park, Beachview Drive, St. Simons Island. Information: 912-262-0628.

 July 3 / Sunshine Festival 5K and 1 Mile Fun Run. An enjoyable run-walk through the St. Simons Island village area. Proceeds help support the St. Simons Island Land Trust to fund public walking and running trails. Information: 912-634-2514 or visit goldenislestrackclub.com.

 July 3 / Living History at the Horton House. Hear tales of the Spanish attack on Horton House following the Battle of Bloody Marsh. Sample Major William Horton’s “ale” or root “beer” in honor of Georgia’s first brewery. Enjoy colonial games, early American crafts and soldier drills. 2:00 pm. Horton House, Riverview Drive, Jekyll Island. Information: 912-635-3636 or visit jekyllisland.com.

 July 3 / Brunswick Bazaar and Farmers Market. Open air market with fresh produce, prepared foods, plants, arts & crafts, antiques, flea market finds, etc. 8:00 am to 5:00 pm. Mary Ross Waterfront Park, Bay and Gloucester Streets, downtown Brunswick. Information: 912-262-6665

July 10 / Art in the Alley. Arts, crafts, food and music. 10:00 am to 4:00 pm. Grant Street between F and Gloucester Streets, downtown Brunswick. Information: 912-262-0628.

 

RAINY DAY FUN

July 6 / Story Time. Stories and simple craft projects tied to various themes, for younger children. 10:30 am, Brunswick Three Rivers Regional Library, 208 Gloucester Street, downtown Brunswick. Information: 912-267-1212.

July 7 / Movies for Kids. 2:00 pm, Brunswick Three Rivers Regional Library, 208 Gloucester Street, downtown Brunswick. Information: 912-267-1212.

July 8 / Scrapbooking for Kids. Workshop for kids ages 9 and up. Pre-register: 912-580-4320. 2:00 pm, Brunswick Three Rivers Regional Library, 208 Gloucester Street, downtown Brunswick.

July 8 / Turtle Talk. Staff of the Georgia Sea Turtle Center discuss their work with sea turtles and other animals of the ocean. 7:00 pm, Brunswick Three Rivers Regional Library, 208 Gloucester Street, downtown Brunswick. Information: 912-267-1212.

 

For more information on the Classic Coastal Homes Group, please visit our About page.  For more detailed information on the activities listed here, visit the Brunswick Golden Isles Visitors Bureau Blog.  Schedule of activities provided by the Visitors Bureau.

 

Thanks for visiting and have a great day!

Classic Coastal Homes Group