Showing posts with label real estate st george utah. Show all posts
Showing posts with label real estate st george utah. Show all posts

What’s Going on in the St. George Real Estate Market?



Want to see which St. George area homes are currently for sale? 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 can always call us at (435) 215-4533 for a FREE home buying or selling consultation to answer any of your real estate questions.​

Hello, and welcome back to another edition of GoStGeorgeTV – the place where all of the “Smart Kids” are going to get their St. George Real Estate information! It’s April already and folks are asking, “what’s going on with the St. George Real Estate market this year? We’ll answer just that. Today's video comes to you from the beautiful Ballantyne resort in Charlotte! A few times a year, I travel across the country to receive intensive training, so I can continue to improve my service. I learn how to better market our clients' properties and how to better grow our business! One key element of being out here is having conversations about helping you, your family, or your friends find a great Real Estate Agent anywhere – and I mean ANYWHERE in the United States, even overseas! More on that later.

What's going on in the St. George Real Estate market?

The current market conditions would described, (in super boring terms), as “balanced.” 

There are currently 6.5 months of inventory (total real estate for sale) which indicates a neutral or balanced market. What does this mean? That OVERALL- when you average out every single St. George home sale, the market doesn’t necessarily favor Buyers OR Sellers. But remember that’s an average. The $200k market, for instance, is more of a Seller’s market. Whereas over $500k it’s definitely a Buyer’s market. 

But the current market is very active as we've seen 1,500 home sales in the last six months. At a $250,000 average sales price, that’s a LOT of St. George real estate changing hands. In fact, we were recently ranked the fifth fastest growing marketplace in the entire country! 

So how can we make you look really good with your friends and family across the globe?  

If you’ve got friends or family buying or selling anywhere on the planet where Real Estate Agents are actively available, we can connect them with the very best. Just let them know that your friends at The Larkin Group have a referral partner in that locale and we can save them the pain and drama of interviewing 10 agents!

If you have any specific questions about the St. George Real Estate Market, or if you need real estate assistance of any kind, give me a call! I would love to sit down and discuss your particular situation! We hope to hear from you soon!

Do More Homes Sell During the St. George Parade of Homes?



Want to see which St. George area homes are currently for sale? 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 can always call us at (435) 215-4533 for a FREE home buying or selling consultation to answer any of your real estate questions.​

Recently, I've been asked repeatedly whether more homes sell during the St. George Parade of Homes. Ok, we’re actually getting this question around EVERY Parade of homes, not just recently. Let’s take a look at what the numbers tell us. And the numbers never lie. 

During parade season, people from Southern Idaho and Northern Utah flee the inversions to capture the beautiful 60-70 degree weather in St. George. Over Presidents' Day weekend, soccer and softball tournaments overrun the area, and people from up north come to enjoy our community. If you were around, you saw that the town was absolutely BOMBED. I tried to just stay at home at not get involved in St. George’s version of “traffic.”

And every year about this time, homeowners in our area pull their dusty For Sale By Owner signs out of storage under the assumption that they'll be able to sell their home during the parade and many assume they can do so for more than it's worth. Why not? A bazillion people in town looking at homes, why wouldn’t it help?

But is this line of thinking true?

WATCH THE VIDEO ABOVE to see the actual REAL DATA about St. George home sales between the months of February and March in recent years.

NOTE: You’ll see that we used numbers from 2010-2012. That’s because:
  • We actually completed this analysis back then!
  • We don’t have enough data for 2015 yet.
But guess what? Trends are trends.

CONCLUSION? The Parade of Homes does not cause more homes to sell immediately in Washington County, but is probably the impetus for many home sales several months to several years later.

HOW CAN WE PROVE IT? We look at how many St. George homes sell directly AFTER the parade.

People who visit the area in mid-February and find a home they’d like to purchase can’t realistically close until March, more likely April.

Here’s a look at percentage INCREASE or DECREASE in home sales in Washington County in the 2 months after the Parade.
    • 2010: +9%
    • 2011: -1%
    • 2012: -8%
No compelling case that a huge increase happens after. It even went DOWN 2 of those years!

My conclusion? The Parade of Homes does not cause more homes to sell immediately in Washington County. It's a beautiful marketing pitch, as it showcases the kind of homes we have here, what the builders are capable of, and why they should move here. 

If you have any questions about selling your home during the Spring season in St. George, or if you’d just like to chat about how amazing this area is, don't hesitate to give me a call or shoot me a quick email. I would love to hear from you! 

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.