Real Estate Saint George
Recently an ecomomic summit 2006 was held for this areas real estate, Saint George as its chief anchor city. Appreciation values for 2005 were among the highest in the nation for real estate. Saint George has been talked about as an up and coming place for future development being located at the cross roads in the west, close to Las Vegas Nevada.
Economic Summit 2006
The economic summit for 2006 was held in January 2006. A power point presentation was given by Vardel Curtis, RCE, Chief Executive Officer of the Washington County Board of Realtors covering 2005 and projections into 2006.
This is opened in PDF format and will take about 10 seconds without congestion to about 1 minute on cable or DSL modem. For 56K dial up users, you may be in for a little wait. For a summary of what the report includes see the paragraph below.
Among the things discussed were that we are due a healthy market adjustment, down from a 32% appreciation rate enjoyed last year of 2005, the fourth fastest nationwide. The St George MSA (Metropolitan Statistical Area) was the fastest growing area in 2003 according to the Census Bureau. Graphs show single family residences, land, lot and water, and condo townhomes. The graphs show the number of sales for the last five years, which 5 subset areas contained which portion of that, the last three years month by month sales price graphed linearly and average quarterly sales prices for the last three years compared side by side. Other items covered are: residential building permits and for what areas, housing inventory, future big developments, home appreciation forecast, affordability index at its lowest, where is the in-migration coming from, market indicators, global economic conditions, median price appreciation for 2006 real estate, Saint George report on foreclosures and general investment analysis.
