2014 St. George Real Estate Market: What's the Future Benefit of Your Home?

Looking to buy or sell a home in St. George, Utah? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (435) 767-9821 for a FREE home buying or selling consultation to answer any of your real estate questions.

Welcome to the inaugural episode of GoStGeorgeTV! I’m your host, Jeremy Larkin and I am so excited about the information I will be bringing you. Every two weeks, I will be sending you a market report or important tips that will help you maximize your opportunities as either a buyer, future buyer or homeowner here in Washington County.

Another great feature of our blog is our free home search. This can be utilized at any time and you will be able to view every home available on the market. We also provide a home value tool that tells you what your home would sell for in the current market.

2014: Year of Growth

Everywhere I go, I am always asked about the current state of the market. To be honest, there is no simple answer. The answer always depends whether you will be buying or selling. However, 2012 was considered a “recovery” year for the St. George market, 2013 was considered a “stabilization” year and now we are banking on 2014 being a really strong “growth” year. What I mean by a “growth” year is that home values are still very strong, interest rates are still very low and buyers in the marketplace. 2014 has the potential to be a good year to both buy and sell!

 Five Month Supply of Homes

When we look at our current inventory, I like to put it into a numbers perspective. The numbers do matter! Currently, there are about 1,400 homes on the market; this consists of homes, townhomes and condos. This translates to a five month supply of properties or absorption rate. Basically an absorption rate is how long it would take to sell every home on the market if no one else listed a home. This is a very neutral number sitting right in the middle of the market leaning towards the favor of buyers or sellers.

If you have any more questions, feel free to call or e-mail us with anything Also, don’t forget to utilize our FREE MLS home search and home value report links on our website. And our full, detailed St. George Real Estate report is always available 24/7 so you can be the smartest kid on the block! Check it out here: St. George, Utah Real Estate Report

Our contact info once again, (435) 215-4333 or email us: larkingroup@gostgeorge.com.