The St. George, Utah real estate market seems to be doing pretty well lately. We seem to be selling a lot of inventory in the price ranges under 300k or so. The inventory above 500k is still a problem, but we think this will start to absorb as the prices get dropped on the high end homes.
A lot of the homes on the market right now are going through a short sale or bank owned foreclosures. These seem to turn over quickly when they are priced right. Short sales in St. George are very common and they usually have multiple offers if the home is in decent shape and a fair asking price. This requires more patience from the buyers to sit back and let things play out. A good agent should be able to have an answer in a month or so, but sometimes this can take quite a bit longer depending on the seller. The seller will have to prepare a packet for the bank showing their financial inability to make the payments. This can be done with the assistance of a good real estate agent.
If you're looking to get into the real estate market right now in St. George - I'd love to show you some great deals - just call 435-632-5491!!!
If you're needing to sell your property quickly whether on a short sale or not - we can help. We have many transactions completed for short sales and have worked with all major banks in the process.
Thanks and Good Luck!
Anita Kay
435-632-5491
Broker/Owner of Vista Real Estate
