Real Estate Markets in Utah Making a Comeback!
REAL ESTATE MARKETS IN UTAH MAKING A COMEBACK!
St. George Utah, the place to go to catch the sunshine, the red sand, and beautiful scenery, is also the one city in Utah that was hit the hardest during the past recession. Put your minds at ease and a smile on your face, because encouragement is on it's way! The Real Estate Market in St. George is making a come back. Home sales and prices show gains in the sunny side of the state. St. George home prices were the fastest rising home prices of any city in the nation five years ago. Even though the market is not what it was then, Dixie is once again bringing in home buyers. According to the FHFA in the three months ended on Sept 30, home prices rose 5.5 percent compared to the second quarter. Sellers are being able to list their homes at slightly higher prices than just eight months ago. While 2008 was a struggle, single-family home sales in the first 10 months of this year were on the rise by almost 50 percent and condominium sales rose 12 percent during the same time frame. While it seems that the worst of the price declines have ended, it will still take some time to get back to what we may determine as 'normal.' So keep your chin up! Better days in the Real Estate Market are on their way!
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