Spoke at the Kiwanis Club of Brunswick’s luncheon yesterday on behalf of the Golden Isles Association of REALTORS® and of course, the topic was real estate and what’s going on. Thought I’d share the numbers here.
Essentially, I was looking more at activity versus prices – which I’ll get to later. Here is a ten year activity trend and you can see for the Mainland where activity peaked and where we stand now. It’s a bit tight but the main green line below tells the tale…
As you can see, activity peaked in 2006 then dropped drastically in 2008 / 2009 with the market’s near total collapse at the end of 2008 – can anyone say TARP? Then, you can see the ups and downs more normal for real estate though I bet you those ups and downs can be correlated with major economic news at the time.
Taking a look at St. Simons Island -
The constant ups and downs are common on the Island where sales trends follow a seasonal path. 1st and 4th Quarter then to be quiet while the heavier tourist months tend to show picked up activity. This is common of the second home/resort market. But notice when the low hit… the low REALLY hit.
But if this tells you anything – it’s that both paint a clear picture that the bottom was hit at the end of 2008 and beginning of 2009 and things, despite the ups and downs, are going back up.
So far in 2011:
- Single Family Sales in Mainland Glynn is up 23.2% with the average sale price down 16.8% to last year.
- Single Family Sales on St. Simons Island is up 14.2% with the average sale price down 3.1% to last year.
- Condo sales on St. Simons Island is down 2.0% with the avergae sale price down 18.5% to last year.
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