Well, it looks like commercial real estate could be the next shoe to drop for the banks…”considered the asset class with the highest projected losses on banks’ balance sheets: according to OPCO (Oppenheimer & Co. Inc), two years out, losses could amount to 12% of assets”. The way it usually works with the smaller regional banks, is that the smaller the bank, the larger its exposure to the commercial real estate market. Despite the fact that the attention has been focused on larger banks, smaller banks have already started to suffer. I use this as a lead in to the fact that from a contrarian view point, with historically low interest rates…and incredible price per square foot deals to be had. We are in a time that offers opportunity of historic proportions.
One builders loss, is another investors gain…I have just had to reduce the price to $229,900 from $499,900 (Approved Short Sale Price) on this incredible Frank Lloyd Wright inspired office condo…Bloomington Executive Suites @ the Bloomington Exit in Saint George Utah, Next to the Bloomington Wal-Mart, and the new Bloomington Wingate Hotel. With two condos available suite # 201, & # 203, Bloomington Executive Suites (BES) offers two superior office condominiums that have been well appointed with Frank Lloyd Wright / Arts & Crafts themes throughout. This includes special detail to flooring, tiles, carpet, paint colors and wallpaper.
These hi-tech, green built, office condo includes 6 executive office suites with two underground parking stalls, plus large street level parking lot . Your six office Condo comes with a conference room plus 2 (1 Men’s & 1 Ladies) restrooms. Each individual office suite is fully wired for up to 6 separate types of lighting systems, high speed Internet / Intranet access with WIFI, surround sound, Cat-5E phone / computer cables with built in flat screen T.V. capability that can be used as computer monitor. Your exterior offices enjoy the warmth of our advanced technology (Green) fireplaces. For the comfort of you, your clients and the environment, every room has its own A/C and heat thermostat. Bloomington Executive Suite Condos are available for viewing during business hours.
That being said; today is 4.30.09, and another great Thursday in Saint George…in an attempt to keep up with the many request for different types of Southern Utah Real Estate Listings, I keep these live links posted for the different search criteria that I receive the most requests for.
• Southern Utah Foreclosures
• Southern Utah Adult Communities
• Southern Utah Golf Homes
• Washington City Utah Homes & Condos
• Santa Clara Utah Homes & Condos
• Southern Utah Horse Property
• Washington County Board Of Realtors Hot Sheet
This last handy little link will pull you into The Washington Country Board of Realtors MLS system. From there you can see the newest MLS listings on the WCBR MLS system as well as all price reductions…Knowledge is Power!
As of today April 30, 2009 there are currently on the Washington County Board of Realtors MLS system…
• 90 Active Southern Utah Foreclosures in Saint George Utah on the WCBR MLS system
• 153 Closed Southern Utah Single Family Homes & Condo’s in St George Utah, on MLS from 3/30/09 thru 4/30/09.
• 1,625 Active Single Family Homes & Condo’s in the Greater Saint George area of Southern Utah on WCBR MLS
• 318 Southern Utah Single Family Homes & Condos in the Greater Saint George area currently under contract or “pending”
In any event its off to Twitter…I have few Twitter names, and here are two: StGeorgeHomes or EquityStGeorge. I post these same stats there if you would like to get…”Just The Fact’s” Till Tomorrow. Saint George Homes.
