Good evening, I hope everyone has had a great weekend, I have had a great weekend in Coconut Grove Fl, we went down for a wedding and the weather was spectacular. Here is you weekly Hinesville – Fort Stewart residential real estate report for the week ending 10 February 2013. According to the Hinesville MLS there are 523 residential listings in the Liberty/Long county area +8 from last week, of those;
81 are foreclosure +4 from last week
71 are builder properties +/- 0
There are 95 pending sales + 3 from last week, of those;
24 are foreclosure +/- 0
21 are builder properties +1
We had 14 closed transactions during the reporting period
Reading trade publications and web sites real estate is on a rebound nationwide, South Florida was the east coast epicenter and the market recovery is evident everywhere you look in South Florida, I talked to a REALTOR ® over the weekend and he stated there is now a listing shortage in some places in the Miami market, values are appreciating to some degree. You can see some of the same trend in the South Georgia area. I would like to point out that there are reports some banks are holding back foreclosure inventory in order to see appreciation in the market, while I have no proof this is the case I believe the reports to be true, I guess time will tell. I hope everyone has a productive week, remember I can help you with all of your real estate needs anywhere in the world, so let me show you the way home!!