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Located in the heart of coastal Georgia, Greene County is seeing a dramatic shift in its real estate landscape. The $3.8 million sale of Maritime Construction Services LLC to the Golden Isles Development Authority is expected to boost the county’s business sector. This change isn’t limited to the business world; the hospitality industry is also booming, as evidenced by the sale of the 100-room Residence Inn hotel for a staggering $22.1 million.
emerging business center
Maritime Construction Services LLC’s recent deal with the King Island Development Authority marks a critical moment for business development in Greene County. The property for sale is a 25 acre site on Burnett Road with significant potential for future growth. The Golden Isles Development Authority is committed to promoting economic prosperity and this acquisition could lead to new business opportunities and jobs in the region.
The rise of the hotel industry
In addition to the commercial sector, Greene County’s hospitality industry is also experiencing an unprecedented boom. The sale of the 100-room Residence Inn hotel near St. Simons Island signals growing demand for lodging in the area. The surge in popularity is likely due to the county’s stunning natural beauty and rich cultural heritage, which attract tourists from around the world.
Local businesses add unique flavor
Amid these major real estate transactions, local businesses in Greene County are contributing to the area’s unique charm and cuisine. Places like Cove Scents Candle & Perfume Studio and Golden Isles Olive Oil attract visitors and residents alike with their unique offerings. These businesses not only enrich the character of the community but also support the local economy.
These real estate transactions reflect broader regional trends and contributed to a national real estate market that reached $31 billion in transaction volume last year. As Greene County continues to grow, it is a testament to the power of growth and adaptation in today’s dynamic world.
In Greene County, the median home sale last month was $403,000, an increase of 10.3% year over year. This upward trend shows that the county’s real estate market is booming and shows no signs of slowing down.
The median sales price per square foot also rose to $219, an annual growth rate of 20.3%. This growth shows that Greene County homes are not only selling for higher prices, but also providing greater value to buyers.
Homes in Greene County sold on average 37 days after being on the market, 5 days faster than the previous year. This accelerated pace shows that properties in the area are in high demand, as buyers are quick to seize the opportunity.
115 homes were sold in December 2023, compared with 100 homes sold in the same month last year. The 15 percent increase in sales underscores the county’s booming real estate market and its appeal to potential homeowners.
In the Courtside Homes community of Sea Palms West, a three-bedroom, two-bathroom home recently came on the market. The property has access to the Sea Palms West community green space, a 50-acre site with walking and biking trails and nine ponds, providing residents with a tranquil and picturesque setting.
The home’s kitchen has been updated with new stainless steel appliances and easy-to-use pull-out shelving for modern convenience and functionality. A spacious family room with fireplace and sunroom with pond views completes this inviting residence.
As Greene County’s real estate landscape continues to transform, the area’s unique charm, thriving industries and thriving market make it an attractive destination for residents and investors alike. Each new real estate transaction shows the county moving forward in transformation, embodying the spirit of growth and progress in today’s world.
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