St. Simons Island - 2024 Mid Yr. Market Report
We have seen the average cost of a home on St. Simons increase by over 50% since 2019. Most of that increase occurred from 2020 to 2022 during Covid. The average house price on St. Simons went from $518,162 in 2019 to $828,356 in 2023. As you can see in the chart below, values have continue to grow. Interest rate hikes cooled transaction volume, but we continue to see significant value in new construction and renovations, particularly those that include a lifestyle component like a water/marsh v…
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