Southern Utah’s Residential Real Estate Market is LOOKing UP, Up, up !

Southern Utah’s Residential Real Estate Market is LOOKing UP, Up, up !

According to the experts at the Annual Economic Summit, the residential real estate market in the St. George Area looks very positive, announcing the bottom has been reached in our market with the exception of luxury homes of a million dollars plus.

When you think of it, that is the exact way it started at the beginning of the market downturn:

• Lower end home owners were the first to have issues with making payments, as they were the first to be hit with the layoffs in the workplace.
• Through no fault of their own it was the start of the long parade of defaults on mortgages, and part of the major shift in the market.
• It continued to climb the ladder until it reached the very most expensive homes as well.

In today's market, there are more traditional sales with equity now than in the past 4 years and multiple offer situations are plentiful, pushing home prices slightly up. I am putting myself in position for a fair share of the business and glad to share the good news!

Up, up and away Southern Utah, HERE WE GO!