Southern Utah Real Estate Facts
1. Foreclosure rate in Washington County is 4%, double that of other areas in Utah
2. 75% of our sales right now are either bank owned properties of properties offered as short sales
3. Home prices are being driven downward by the fact that banks are taking such low prices for foreclosed properties and agreeing to take so little on short sales
4. The biggest discounts are found in the higher price ranges
5. Many new developments in the St. George area are on hold for an indefinite period
6. It is a great time to purchase real estate in Washington County
7. We are at, or near, the bottom of this cycle indicated by the drop in our inventory
8. Interest rates are still fantastically low hovering between 5.125 – 5.375 %
9. You do not want to miss this opportunity if you desire to live in Southern Utah!
Should you have a desire for more information on real estate in St. George, UT or the surrounding area please give us a call.
Vista Real Estate
866-632-5491
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