We are in a Strong Buyers Market, as you know. You always make your money when you Buy. If you don't Buy at the right time, when you sell your gains will be reduced.

What most Buyers seem to be concentrating on right now is waiting for the absolute bottom before they buy. I think this strategy can cost a Buyer a lot more than buying before prices bottom out, and here's why. There are plenty of people who have the financial resources to buy real estate, and there are still plenty of strong sources for funds. But capable buyers are waiting for still lower prices. Prices have already dropped substantially, and in some areas will come down some more. But there is still that portion of the market that will be buying because they have to move, for what ever reason – job, family, etc. Thus there is a strong demand pressure on real estate which will make itself known at some point. And prices will rise quickly! Once you see this happening, it will be too late to act! You will have already missed the price bottom, and prices will be rising much faster than they came down.

So, Buying now, when prices may drop another few points, is better than buying later, after the bottom when prices have risen 8-10% or more before you notice and can act. As a result, you have lost maybe 8-10% by waiting, versus possibly losing 1-2% by buying now. The choice is yours. Which seems better to you?

Current Market Conditions

Coastal Georgia is like most other areas of the country. We have a lot of foreclosed properties on the market, and more coming. These will have to be worked off before we see much improvement in the real estate market for sellers. However, if you are a buyer this is a great market for you! Contact me if you are interested in foreclosed and undervalued properties.

St. Simons Island
The average home sale price on St. Simons is running about $440,000, about 12% below the first half of 2009. The average for condos is $255,000, which is an increase of about 11%. Contact me for a list of foreclosed properties on St. Simons Island.

Jekyll Island
Homes for sale on Jekyll Island are priced from under $400,000 to over $1,000,000, while condos range from $100,000 to around $500,000. There are a lot of properties to choose from, so let me know what you are interested in.

Brunswick
Brunswick home sales are averaging about $125,000 recently, which is about $30,000 higher than the first half of 2009. There are more than 90 properties for sale in Brunswick, so contact me for help in finding the right one.

Glynn County
Home sales are averaging about $180,000 on the mainland outside of Brunswick, about the same as the first half of 2009. There are more than 40 foreclosures available, along with almost 600 others, so you really need some help here - contact me right away!

Camden and McIntosh Counties
There is a wide variety of properties available and some really good buys for homes and lots, so contact me for help in finding the right deal for you!