Sunriver St George 55+ Community Market Conditions

There must be something in the air...perhaps a chill...but Sunriver St. George seems to be on fire with buyers! I suppose buyers from the more frigid regions are seeking a warmer climate. I've gone weeks with not one bit of interest in the SunRiver St. George 55+ community, and almost overnight the phone has been ringing with buyers who want to find their next home in the SunRiver St. George Adult Community.

Sunriver is a great investment on resale homes simply due to the fact that the prices have come down, making it more affordable than ever to reside in such an exclusive community. SunRiver is more expensive (price per square footage) than surrounding areas; however they are also the lowest in the notice of defaults and foreclosures. This has maintained the desirability of Sunriver and cemented the integrity of the community. While many neighborhoods are undergoing extreme change with market volatility due to an overwhelming foreclosure activity, Sunriver has had minimal change and minimal foreclosure activity.

In the past 6 months, there have been 44 homes sold in SunRiver St. George. 12 of the 44 sold were sold for under $200,000. 15 were sold in the $200,000 to $300,000 range and the remaining homes were over $300,000. Of all 44 sales in the past 6 months, only one was reported as a Short Sale (distress) property. This is a great statistic, considering the fact that in the past THREE months 567 notices of defaults have been filed in Washington County! In the next 30 days (11-22-10 to 12-22-10) 207 properties in Washington County Utah are set for final foreclosure proceedings.

If you are thinking of purchasing your next home in Sunriver, contact Paula Smith, REALTOR today. I represent the buyer...not the builder. This enables the buyer to achieve the best possible price. Visit my Sunriver St George page to see all MLS listed SunRiver homes for sale!