The Last Shoe to Drop...Is the next Opportunity to Pop

As I have mentioned in some of my past blogs, the commercial sector of the Southern Utah Real Estate market has represented a big hit to the Saint George economy. With the general economic downturn continuing to extend in to the second half of 2009, and a severe credit crunch in commercial real estate lending, the National Association of Realtors® has reported there will continue to be a “dampening in commercial real estate activity”. In addition, a forward-looking index shows the forecast for commercial real estate sectors will remain weak for the remainder of the year.

When one stops to analyze the commercial real estate market, you can see that they have been hit by a combination of events… the significant job losses in all sectors of business have reduced the demand for commercial space, while a lack of credit has hindered transactions and refinancing activity. As well, the commercial real estate sector is almost always the last to recover.

All of that being said, when you factor in the growth that Saint George Utah will face in the near future and…

• The new regional jet airport and all of the business opportunities that it will represent.
• Dixie State College potentially becoming part of the University of Utah (educated work force)
• The different businesses that will be fleeing California due to cost of doing business (we have cheap power & cost of living for employees)
• Our I-15 location for the transportation of goods from Denver to San Diego (see new airport Fed Ex, UPS)

What is now a distressed market sector, will be tomorrows great investment.

All of that being said. It’s Thursday 5/21/09…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 May 21, 2009 there are currently on the Washington County Board of Realtors MLS system…

• 83 Active Southern Utah Foreclosures in Saint George Utah on the WCBR MLS system
• 190 Closed Southern Utah Single Family Homes & Condo’s in St George Utah, on MLS from 4/21/09 thru 5/21/09.
• 1,599 Active Single Family Homes & Condo’s in the Greater Saint George area of Southern Utah on WCBR MLS
• 289 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.