Wednesday, January 16th, 2013 at 5:05pm. 268 Views, 0 Comments.
2012 has officially come to a close, and many areas throughout the nation have been reporting real estate market improvements. St George has also continued to improve over 2012 and continued signs of improvement are strong as the housing market trends upward into 2013.
Year Over Year Comparison
Below is a residential market report comparing 2011 with 2012 in Greater St George:
This illustration indicates that the total number of sales between the 2 years had no significant change; we have continued to remain steady with sold homes in St George. Interestingly, these indicators confirm that median sale prices are UP and the number of new listings is DOWN. This has positioned our market into a territory we have not witnessed for…
Friday, December 7th, 2012 at 9:50am. 172 Views, 0 Comments.
Further evidence that real estate home prices are on the rise here in St George Utah is in! Upon review of the homes that have sold over the past 30 days (Greater St George, residential), there were a total of 182 sold homes. AMAZING results show that a total of 17 of these homes were purchased in the past couple of years 2- 2 ½ and they sold at a PROFIT now. Many had small profits of $3,000 to $10,000 but others enjoyed as much as $30,000 and $40,000 and 3 took over $100,000! WOW! 3 other homes were purchased within the past 5 years and took a profit. So 20 out of the 182 sold, were sold at a profit. 11% of the sold homes over the past 30 days, sold for a profit.
Surprisingly there were very few homes shown in this time that…
Thursday, November 15th, 2012 at 1:28pm. 1261 Views, 0 Comments.
So what do the St George Utility rates and pet restrictions in 55+ communities here in St George have to do with each other? Nothing, really. I sent out a request to people who have signed up on my website, for their input as to what sort of information people would like to know about, and the response was overwhelming. Some of the requests I’ll have to do an independent post, but others I think I can combine into an informative article. I’d like to thank those who took the time to respond, and I’ll answer as best I can!
Are There Any Pet Restrictions In St George Utah?
(Q) Restriction on pets in the 55+ communities and any up and coming developments in the area
(A) The City of St George has an ordinance of 2 dogs…
Wednesday, October 24th, 2012 at 11:29am. 611 Views, 0 Comments.
Here in Utah, all agents are required to obtain a Buyer Broker Agreement PRIOR to writing any offer. What is a Buyer Broker Agreement? Well, essentially it’s a contractual agreement between the buyer and the agent. This contract defines the terms of the relationship, and allows the buyer to understand that the agent is being paid (buyer agent fee) should the buyer purchase a home. The buyer is agreeing to allow the agent to represent their interest much like the listing agent is under contract with the seller to represent the sellers’ interest. A listing agent is working for the seller and trying to obtain the most amount of money they can FOR THE SELLER and a buyer’s agent is working to achieve the best possible deal in…
Tuesday, October 9th, 2012 at 10:17am. 634 Views, 0 Comments.
Taking a Closer Look
Welcome October! Fall is setting in here in St George, Utah; it’s the best time of year in my opinion. The weather is awesome, the colors are even more vibrant, and the holidays are still far enough away I won’t have to stress just yet. Speaking of fall, let’s take a look at the St George Utah real estate housing market report; the leaves are not the only thing falling! Here is one of my favorite chart illustrations showing 2 years’ worth of data. This illustrates that our inventory is falling; meaning, we are consistently reducing our inventory which is a sure sign of stabilization.
St George, Utah Foreclosures
Another element of the housing “fall” are the St George foreclosures. The…
Friday, October 5th, 2012 at 12:32pm. 327 Views, 0 Comments.
A Rebounding Economy
According Jane Ann Morrison of the Las Vegas Review-Journal, the St. George, Utah real estate market is growing again. Morrison states that "When the recession hit in 2007, St. George flat lined." A lot of of felt that. More and more homes for being foreclosed, and it hurt the city, even though the recession hit a lot of other areas even harder.
Greg McAurther, executive director of the St. George Area Chamber of Commerce, says that now in 2012, "We're picking up growth, home sales are on the rise, employment is on the rise."
This year, there were around 2,450 more jobs than in 2011. How cool is that!
Why the Sudden Growth?
The St. George real estate market owes its recent success to a variety of factors:
Saturday, August 4th, 2012 at 8:58am. 934 Views, 0 Comments.
The first half of the year has already come and gone and summer is quickly coming to an end. It’s time to take another look at the St George Utah housing market report for 2012, featuring real estate statistics and the foreclosure market. The St George Utah real estate market has continued to see improvement, which is keeping us on track for stabilization, and there has already been appreciation occurring in some circumstances. If this continues, we’ll soon be stating that the end of LAST YEAR was the “best time to buy in St George” and now, we’ll just wait to see how many stay on that fence and wish they would have jumped. So long as you plan to keep the home you are purchasing for a longer term, then it’s likely you’ll…
Tuesday, July 24th, 2012 at 5:35pm. 1447 Views, 0 Comments.
Information on St. George, Utah
If you are considering purchasing a home in St George, then you’re probably starting online with your preliminary research and/or perhaps you are in the initial stages of planning your trip to visit St George. Here is some information that may be useful to those who are in the information gathering stage and those who are planning to visit soon.
Las Vegas to St. George, Utah
First of all, watch the TIME! This typically becomes the first line of confusion when I am meeting a client for the first time. Often, those flying into Vegas will forget the time is NOT the same in St George, we are an hour LATER. From Las Vegas to St George Utah takes just under two hours to travel by car from the Vegas…
Monday, July 16th, 2012 at 8:57pm. 380 Views, 0 Comments.
By request, let's take a (long overdue) look at the Hurricane real estate market report. Overall, the Hurricane Utah housing market is quiet similar to St George, just on a lower volume. Active listings are consistently lower when compared to years past, and sold homes in Hurricane have remained steady; here is a nice illustrating reflecting the past 2 years:
Hurricane Utah Sold Home Prices
So the inventory is lower, sales remain steady...but....
Home buyers and sellers want to know what recently sold homes have sold for, to gain perspective on where prices are going. Similar to St. George, Hurricane has also experienced a price decline. Also, while homes ARE selling, the ratio of available homes to sold homes is less than…
Sunday, July 8th, 2012 at 7:41am. 357 Views, 0 Comments.
How is the St George real estate market? Well, the answer to this very popular question is that we are continuing to improve. If the conditions continue, we will be farther along down the road to recovery. While we have already been inching down this road over the past several months, it’s still a volatile journey. Unfortunately my order for the real estate agent crystal ball is on backorder, so we are unable to fully determine if we have already hit bottom and are moving up, or if the threat of a double dip lurks in the horizon. The REO (bank owned homes) shadow inventory is still out there, and I’m not sure if anyone has any true numbers on that, but it does exist. My opinion is that I do not feel this inventory will prove to…