2017: Local Market Insight
December is here marking the end of another year of real estate recovery for the Golden Isles. St. Simons Island and Brunswick markets are 'back'! That's no exaggeration, as we have experienced a 25% growth in our business at Roland Daniel Properties.
All facets of the SSI market are up: condos, single family, homesites.
I expect the trend to continue in a steady climb for 2017. We've been short of inventory, making way for the new construction pace to increase and be absorbed. Here's something to watch: As prices climb, those who have been upside down in value since the recession will find themselves in
If Sea Island can solve the membership dilemma caused by confusing and changing policies, then we'll see Island Club values take off; same goes for Hamilton Landing. And, same goes for Sea Island to some degree as well. I can say that the upper end of the market has lagged behind the rest of the market in its recovery.
If Glynn County can get a grip on staying ahead of water and sewer issues, and if we will continue to vote in and implement SPLOSTs with responsible lists of infrastructure projects, then the quality of life we enjoy here will continue for a long time to come.
Brunswick is poised for success. It's a great maritime location, and there are those whose forward thinking has been frustrated by bickering among county and city officials. Also, it'd be great to see ordinances enacted and enforced to make rental lords bring property standards up. That would go a long way towards helping the city of Brunswick move forward, in my opinion.
HAVE A GREAT HOLIDAY!