Recent Market Watch Update - Utah Ranks #1 in Price Appreciation
Southern Utah Home Buying Facts Guide
St George Ut real estate had 31.6% price gains for2004 to 2005- the fourth fastest in the nation, the Office of Federal Housing Enterprise Oversight says. During the first quarter of 2006, St George ranked No. 1 in home price appreciation. However, prices have come down since that time, especially with larger homes and are leveling off.
Sure we are not seeing 31.6% price appreciation like we experienced from the third quarter of 2004 through the same period in 2005, but lots of growth is being experienced in the commercial sector with some building taking place in the residential sector. As of recent, December of 2007, slight depreciation of values is being experienced or 'even Steven', pretty much market wide. We are really at bottom if not hitting the bottom shortly. I have seen some pick up in the condo investing, so I would not wait around with that. Interest rates however, just may spur new purchasing, hitting in the 6% and even 5% range.
Utah's economy is doing great and leads the nation in price appreciation-- see our above link at the top of this section.
In 2000-2006 St George Utah was the Fastest Growing Area in the Nation!!!
It ranked first, for overall best cities for doing business by Inc.com. Forbes magazine ranks Utah No. 4 for "The Best States for Business". Kiplinger ranks St George at the top of their top ten lists for "The Best Places to Retire". According to the Third Annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies, the most secure location to live in the United States is St. George, Utah, with the rankings being compiled by database experts at www.bestplaces.net.
See a Map of St George Traffic Beltway System & New Regional Airport |