St George Ut Real Estate Market Statistics

 

Welcome to our friendly local St George Ut Real Estate market statistics updates. We wanted to make available comprehensive realty related information and pertaining to the area FOR YOU!

 

St George Ut Real Estate Update- 2010

 

You will notice from the graph below depicting numbers through February 2010, that our first two months in 2010 are a bit slumpy.

With the home buyer tax credit incentive, both realtor experience and indeed this top website stats, show a significant increase in buyer activity. But this did not translate to an increase in sales, for our first two months.

 

However, we all know the buyer has to identify something by April 30, 2010, so this could be an initial phase toward purchases being made. You can find out who qualifies for the home buyer tax credit incentive 2010.

St George Ut real estate is a lot like picking fruit that is ripe. Usually, there is one or two good deals ready to be picked across each price point. Don't wait until these good deals are gone.

 

Please call Brian now at (435) 674-3600!

 

You will observe in the graph, that in a down market, January and February of last year, 2009, behave very similar. Ever since that time last year, you will notice that the Active Listings Inventory has been tapering downward.

The last quarter of 2009 shows the lowest trending levels of a greater porportionate number of actives selling- see table column under Months Inventory.

St George Area Absorption Rate

 

The months inventory column describes the number of months AT THE CURRENT SELLING RATE it takes to exit or sell that current number of listings on the market. January and February are slower than normal and should not be taken too seriously as indicating market trends. This is especially when you consider the same pattern last year of 2009.

 

Background Market Data for the St George Area

 

One of the lowest housing appreciation states used to be Utah. That is one reason why there was such a rush on our area. Although, we spiked fast and hard in Southern Utah, and what went up, did come down... still we never really appreciated as high as some other Southwest real estate major cities. However, local perception may not perceive this. As such, local buyers may have helped work on values to get them down to overall favorable conditions.

 

St George Utah experienced some of the highest housing price appreciation in the nation during 2004 through early 2006. It can be explained by a lot of investors, baby boomers, and buyers alike, seeking that last frontier of affordable housing. The Californian buyer could come out here and retire in style. Once that market seized up, so did St George. What went up, has come down to 'pre-state' values.

 

St George Real Estate News Blog - To get the most current Utah and St George Ut Real Estate Information.

 

Current Trends in Real Estate in General - Realty Times update.

 

Washington County Ecomomic Summit 2009

 

St George Ut Real Estate Market Attractions

 

Current Market Conditions - Your St George Realtor blog latest update on the market.

See a Map of St George Traffic Beltway System

St George Regional Airport - Updated

St. George Relocation

 

Southern Utah Real Estate - National Projections

 

Nationally, projections have been made regarding New and Existing Home Sales- these are below on the left. On the right is how valued Southwest Utah real estate is, in Washington County, based on the Price to Income and Rent Ratio. Both these graphs are taken from Moody's Economic.com. Notice how Southwestern Utah, containing St George Utah is rated as "Correctly Valued" real estate in the light blue color. One could incite how, since we are not 'overvalued', than an investment here on ones money, appears to be a 'safer bet'. These graphs have been taken during the last quarter of 2008.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

St George Ut Real Estate Historical Prestige - What Others Have Said

 

In 2000-2006 St George Utah was the Fastest Growing Metro 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.St George Ut Real Estate History

 

St George Ut real estate history includes land being in short supply just before the boom of 2004 to 2006. Also, the city of St George had held back on building permits and we were caught with not enough product on the market when all the speculators came in here. This is our point- St George is attractive, a last standing sentinel of red vista color off the desert bottoms at 2000 feet in elevation just before you head upwards into colder weather. As such, scenery, centrality and mild winters mark the hustle and bustle here. Because product was scarce it artificially drove up prices and what went up did come down. Well, the building crews overcompensated with too much product causing things to really come back down when the housing economy happened to go south for the rest of the nation. This overbuilding really puts a damper on the feeling of safety in the housing market. But make no mistake St George's mystique is real.

 

As such, our feeling is that we really haven't got our full up and comings as time may bear it out. We haven't seen that steady and hardy increase of acclaim with St George being one of the newest and hottest places on the map in the Mid-West where retiree's flock. Additional businesses will come with the presence of our new airport in 2010, and where hosts of truckers and travelers continue to turn heads when driving through. We are still small enough for locals to appreciate the cities growing amenities for both family and retiree fun. The world famous Huntsman senior games are here and they will continue to grow.

 

We realize that some of the below information is historical information, but we opt to keep it here so you can see the history of real estate here in the St George Ut area.

Historical Short Sale, Foreclosures, Regular Sales Ratios

Residential Short Sales, Foreclosures, Regular Sales
August 2009 Listings - Under 200K		August 2009 Listings - Over 200K
Actives - 982 Total	Solds - 111 Total	Actives - 1,360 Total	Solds - 72 Total
437 Short Sales	22 Short Sales	508 Short Sales	11 Short Sales
79 Foreclosures	23 Foreclousres	65 Foreclosures	14 Foreclousres
466 Regular	66 Regular	787 Regular	47 Regular
44.5% are Short Sales	20% are Short Sales	37% are Short Sales	15% are Short Sales

 

Washington County Economic Summit Information

Summit 2008

 

Click to go to the 2008 Washington County Ecomomic Summit

 

Summit 2007

 

2007 Real Estate in Washington County / Vardell Curtis Click Here

List of all Washington County Subdivisions/ County Recorder Click Here
2007 Washington County Airport Update / Michael La Pier, A.A.E. Click Here
2007 Washington County Review / Workforce Services Click Here
Challenges of the Global Economy / Senator Robert F. Bennett Click Here
Commercial Real Estate / NAI Southern Utah Click Here
Industrial Real Estate/ Commerce CRG Click Here
2007 Retirement Preview / Soltis Investment Advisors Click Here

Washington County Economic Summit - Beginning of Each Year

Real Estate St George Economic Summit - Washington County Sales for 2006

 

Total Sales for Washington County and the St George Utah area.

Home Sales Nation Wide as Related to St George Ut Real Estate

 

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, an abundant production meeting supply demands crashed bringing huge price reductions since that time.

2007 Market Watch Report - Utah Ranks #1 in Price Appreciation

 

These messages are brought to you buy the Brian Habel team. None of this information is guaranteed to be reliable, but merely as "our best educated guess" as to what the market is doing, based upon some data and reporting stations. Each viewer is responsible to verify all information.

 

St George Relocation

 

For our buyers, we know that it can be a tough consideration and time in thinking about St George Ut real estate. It entails picking up and moving, and changing locations. It can be all so anxiety provoking, if not exciting at other times. We specialize in bringing you what you need on this side to make it work. Remember it does not cost you anything to use a realtor when you buy real estate in St George Utah. Let us help you make what is stressful already, be a smooth and enjoyable experience. St George Ut real estate will always be a good bet, an we can help make it a realty for you!