St George Real Estate Market Conditions Reports and Opinions

Housing market reports, news, statistics, and opinions are brought to you by Paula Smith Red Rock Real Estate

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Dec. 18, 2013

SunRiver St George 55+ Market Conditions December 2013

SunRiver St George 55+ Market Conditions

SunRiver St George UtahHere is a Sunriver St George 55+ adult community market conditions and resale homes for sale report for December 2013. Sunriver is a premier active adult community located in southern Utah within St George city limits.

Homes For Sale in Sunriver St George

Currently there are 47 resale homes for sale in Sunriver, which is statistically much lower when compared to years past. In the past 3 months a total of 39 homes have sold in Sunriver with 17 of them being resale homes (note, not all new construction homes are reported to the MLS). In the previous 3 months a total of 49 had sold, so the number sold has declined a bit recently however, this is not uncommon for the holiday season.

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Oct. 24, 2013

St George Utah Real Estate Market Update October 2013

St George Utah Real Estate Market ReportLet’s take a look at the St George real estate statistics for October 2013. In this report I’ll focus on the Greater St George area, which includes St George, Santa Clara, Ivins, and Washington and this will be for residential sales, with a separate glimpse into land and lots that sold in St George (and greater St George).

Current St George Housing Market Conditions

As of today here are the conditions:
1,148 ACTIVE homes for sale
       **Of the ACTIVE homes for sale, 44 are Short Sales (yes, there are a few of those still around…but not many) and 22 are Foreclosures. This results in only 5.7% of the ACTIVE inventory being of distressed status.

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Posted in Buyers, Sellers, Statistics
Sept. 12, 2013

St George Utah Real Estate - Buyers Agent

What’s a St George Utah buyers agent and why will I need one? This question is sometimes best answered by another question, what is a listing agent? Most people understand that a listing agent is an individual hired by the seller to not only market and sell their home, but also offer representation to the seller during the negotiation and escrow period. The listing agent has the sellers’ best interest in mind, and their MAIN goal is to assist the seller and obtain the MOST MONEY possible for the SELLER.

Why is a St George Utah Buyers Agent important?

In the St George Utah real estate market, when a seller lists their home with the listing agent, they have worked out the commission which pays for the listing agent services AND the BUYERS AGENT services (A BUYERS AGENT WILL NOT COST THE BUYER ANY MONEY in a typical transaction). Back to the question, what’s a buyer’s agent? A buyer’s agent in St George has one goal in mind as well, to achieve the best possible price for the BUYER, keeping the BUYERS best interest in mind. A well trained buyers’ agent will be savvy to the current market conditions and understand comparable homes that have sold, which they can analyze and offer a range to assist the buyer in making an informed offer based on these market conditions. Buyers agents will also be aware of inclusions the buyer is able to ask for, a listing agent will usually not point out all of these inclusions as this will affect the sellers’ bottom line.

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Posted in Buyers
Sept. 10, 2013

Buying Direct From a Listing Agent

Those of you who have read my numerous articles in the past, understand my stance on real estate buyer agents. I am a firm believer that a buyer will not only receive better representation, but will also achieve a better deal when utilizing the services of a buyers agent; as opposed to buying direct through the listing agent. I was inspired again to reiterate this feeling when I received an inquiry on a property today from a buyer. Once the buyer realized I was not the listing agent, they (respectfully) told me that they have been working on their own, doing all of the legwork to find their next home. They feel that they will be able to negotiate a better deal working direct with any given listing agent. While I respect and appreciate their honesty, I have to shake my head in disagreement.

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Posted in Buyers
Sept. 10, 2013

For Sale By Owner St George Utah

For Sale by Owner (or FSBO) signs are popping up throughout the St George Utah area. Seems the homeowners are becoming more determined to compete with, or eliminate the real estate Agent. Each FSBO has their reason for not using an agent. Some have had a less than pleasant past experiences with agents and feel they can do a better job at getting their property sold. Others must sell their home on their own, simply due to property values, they can not afford to pay an agent. Also there is the "experienced" home seller; they have purchased and sold before therefore they do not feel the need to share proceeds with an Agent. What ever the reason, St George home sellers are determined to act as their own agent. Here are a few tips for you FSBO sellers to consider when selling your St George home.

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Posted in Sellers
Sept. 10, 2013

Bloomington Hills St George Utah

BLOOMINGTON HILLS, St. George

Bloomington Hills is a neighborhood within St. George Utah. It is located to the east (and slightly north) of Bloomington. In the early 80's, Bloomington was considered "the place to be" by residents. Bloomington Hills was considered more of an affordable second choice option. Now, Bloomington Hills is a beautiful, equally desired neighborhood.

Bloomington Hills is built around the city golf course, St George Golf Club, which the city took over in 1983. This course features a par 73, 18 hole course and is approximately 7,200 yards. The par 3's are said to be the most difficult in Washington County, with at least 190 yards on average. Like neighboring Bloomington, homes can be purchased (and a few lots remain) directly on the course, or you can purchase away from the golf course. Bloomington Hills has many neighborhood amenities such as parks and trails.

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Posted in Buyers, Sellers
Sept. 10, 2013

Bloomington St George Utah

Bloomington, St George Utah Neighborhood Information

Bloomington is a neighborhood within the St. George, Utah city limits. Because the neighborhood is so large, locals refer to the area simply as "Bloomington." Those who are not residents or new visitors to St. George may believe Bloomington is a town, or a city however, it is only a neighborhood. It's located on the south side of St. George, bordering the SunRiver area close to Interstate 15.

Bloomington is one of the oldest, more established neighborhoods, offering historical attributes. The area was formerly known as the Town of Atkinville, however in the 1960's, due to the town's inability to incorporate itself, it became part of St. George. The neighborhood is built in a circular pattern, which surrounds the beautiful Bloomington Country Club Golf Course. There are, however, streets and cul-de-sacs located away from the golf course. This creates a very diverse neighborhood, as you can have a home on the golf course, or perhaps you will prefer to be a distance away from it. Most lot sizes are fairly large at .25 of an acre. There are lot sizes that are over half an acre and there is also the "Bloomington Ranches" area which offers beautiful homes on lots at or above a full acre. Horse privileges are available in some areas of Bloomington.

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Posted in Buyers, Sellers
June 22, 2013

St George Utah Property Tax Information

St George Property Tax InformationWhen purchasing property in St George, real estate property tax questions always become a question buyers want information about. 

How Much Are Property Taxes in St George Utah?

The exact amount of the taxes varies depending on exactly where you purchase (school district fees and exact rates will vary in different areas). However, as a rule of thumb, you can estimate the taxes at about 1% of the assessed value LESS any exemptions (more on that in a moment). The assessment comes from the county and it is NOT based on your purchase price, however should YOU disclose that price to the assessor they may take that into consideration (Utah is a non-disclosure state so the purchase price does not become public record—this is why venues such as Zillow’s “Zestimate” is typically inaccurate, do not use Zillow Zestimate for property in St George). The assessor will monitor area values and if the values should rise or fall, your property value will be assessed accordingly and you will be sent a summary each year.

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Posted in Buyers, Sellers
May 21, 2013

St George Real Estate Market Report May 2013

Seemingly overnight the inventory of homes for sale in St George Utah has jumped up dramatically. Take a look at the chart below showing the number of active single family homes for sale in the greater St George area:

St George Utah Real Estate Market Report

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Posted in Buyers, Sellers, Statistics
April 9, 2013

SunRiver St George Home For Sale

SunRiver St George Home For Sale UNDER $170,000

Sunriver St George resale homeLISITING DETAILS:

1377 W COUNTRY CLUB Drive St George, UT 84790
MLS # 13-145055
Price: $169,900
Bedrooms: 2
Bathrooms: 2
Garage: 2 Car (extra deep)
Square Footage: 1,128

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Posted in Buyers, SunRiver