Category Archives: Glynn County Real Estate

St. Simons Island Real Estate Spring 2017

St Simons Island Real Estate Spring 2017 Courtesy of Joe Wills Realtor, Berkshire Hathaway HomeServices Hodnett Cooper Real Estate
From 1996 until 2006, home sales prices rose at an average rate of 5% per year. Demand rose through 2004 but then fell ahead of prices until 2012 with a 40% price reversal before reaching bottom. There are 280 houses on the market ranging from S189K to $20M. Over the past year 440 houses sold at prices ranging from $94K to $2.34M. The 2017 market is very active with 133 sales YTD and 56 sales pending. Sales Volume is up 34%, Sales Prices are up 10%. Demand exceeds supply by 196%. There are 118 condos on the market ranging from $127.9K to $2.495M. Over the past year 303 condos sold at prices from $100K to $1.95M. YTD 143 condos have sold or are pending. Demand exceeds Supply by 257%.

East Beach Market
The South Island community of East Beach has highest concentration of oceanfront, ocean view and beach access properties on St. Simons. For more than twenty years it has consistently ranked in the top three Island Communities for annual residential sales. Condominiums are not permitted on East Beach. Vacation Rentals are popular. In 2016 there were nineteen sales of which two were Oceanfront. Average time on the market was 329 days (20-year average is 465 days) with 69% of the sales occurring April through September. In evaluating sales over twenty years, we see a 40% average premium for Oceanfront vs Non-Oceanfront. On the chart below you can see average annual sales prices which peaked in 2007 and fell 40% before bottoming in 2012. There are currently twenty-seven active listings, eight of which being oceanfront or ocean view. East Beach is at equilibrium with roughly a year’s worth of inventory and is at 2003 average sales prices. There have been four sales since January 1st  with two sales pending.

Real Estate Transactions & Sales In The Golden Isles

Real Estate Market Update

Hodnett Cooper Real Estate ranks the highest in the number of closed transactions and in sales volume on St. Simons Island and Mainland Glynn County, year after year.  Be confident when choosing a Hodnett Cooper team member to assist you with buying or selling real estate, that you have partnered with the proven market leader in the Golden Isles.

We work hard to earn these rankings because to us, it represents satisfied buyers and sellers in the Golden Isles.  In each and every transaction, Hodnett Cooper provides the highest level of experience, expertise and service.  We believe that when you exceed your clients’ expectations, success will follow. The below statistics are based on GIAR MLS sales information from January 1 – December 31st 2016.

Number of Transactions Glynn County – January through December 2016
01-17-17-TransactionsGlynnCounty Continue reading

Housing Market Trends You Want To Know In 2017

3 Key Points about 2017’s Housing Market from a recent article in The Washington Post

In his recent article with the Washington Post, David Charron, president and chief executive of Rockville-based multiple-listing service MRIS, shared what we can expect to see in the housing market in 2017.  While geared towards the Washington-area, it is also pertinent to other areas of the country, including the Golden Isles.  To summarize, although mortgage rates will climb, inventory should improve and buyers will have more options for financing a home.  Here are 3 key points we would like to share from his article. Continue reading