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Real Estate: Warren Buffett Says You Should Buy Some. NOW.

by Jeremy Larkin

Warren Buffet says we should buy Real Estate. Now. 

If you haven't already watched the video, I'll tell you something that you probably already know, that they shared in this video: A really great way to learn how to build wealth, or become a professional rugby player, or maybe a world-class tight rope walker....is to listen to those who have already done it. Well. 

I can't comment on the national markets, but I can say without any hesitation that St. George Real Estate is turning the corner. Let's take luxury home enclave Stone Cliff for example: 3 years ago there were 50 or more properties for sale, you couldn't give em' away. Fast forward to 2012. I was told by an inside source that in the past 3 weeks, including the 2 weeks of the 2012 St. George Parade of Homes, that the Stone Cliff Developers ALONE (not including private Sellers), sold 10 lots, 3 custom home build jobs, the model home, and the actual Parade home was sold prior to the parade. That's a MAJOR shift!

St. George housing has never been more affordable...EVER. Nor has national housing. In a CNBC interview this week Buffett said, "​If I had a way to buy a couple of hundred thousand (THOUSAND!) single family homes right now, I would load up on em'."

​He went on to say, that buying a home is a way to actually "short" the market, also explaining that there are more households being created that HOUSES, and that the balance will come back into alignment in the future. Not only that, leaving your money doing NOTHING does NOTHING. It just, well "sits." 

Well there you have it. ​You didn't hear it from me, you heard it from Warren Buffett. And of course we'll make it easy for you to find that home in St. George. Link: FANTASTICALLY fantastic St. George Home Home Search.

Boulders St. George View Home For Sale

by Jeremy Larkin

The Boulders St. George is upscale, but not stuffy, classy, but not over the top. The area offers high appeal to families, but Grandma would be equally at home. The location feels private and somewhat rural, but sits just 5 minutes from all major retail, Regional Medical Center,  restaurants and big-box stores. The Boulders St. George is, quite simply, one of the great real estate locales of Southern Utah.    Boulders St. George

“Custom homes” would be the best descriptor of the style of the Boulders St. George. This gorgeous, all-brick, family-style home is no exception. Some folks may prefer to be in a community of in-line production-style homes where the Buyer gets to choose their carpet, paint and perhaps roof tile. Not for me, and if you’re reading this – probably not for you! I’ve always loved the upscale communities where a 2-story Tudor can comfortably sit side by side with a walkout Tuscan. The Boulders St. George is that place.

This home on 1541 S. Boulder Cove Circle sits in a quiet, low, make that NO traffic cul-de-sac and affords fantastic views north toward Snow Canyon and the heart of St. George City. You’ll love two kitchens and the flexibility it provides for guests, parties, or a separate living are for family or friends. The color palette of this Boulders St. George beauty is neutral, meaning that: a. all of your stuff probably matches, and b. you won’t have a hard time customizing to your own tastes. The home of course offers granite kitchen, alder cabinets, and something that seems to have been lost on most new-home builders: STORAGE! The large craft/laundry room will are a great final touch – my wife would KILLER for that! (So don’t tell her..please.)

Boulders St. George View Home

 

 

 

 

 

 

 

 

 

Full Boulders St. George View Home Virtual Tour

Is recreation your thing? Don’t worry, you don’t have to worry about installing your own indoor/outdoor pool, Jacuzzi, tennis courts, and basketball courts – The Boulders St. George did it for you! Amazingly, monthly association dues are just a paltry $40 per month! If you’re looking for even more facilities, local Summit Athletic Club is just 2 minutes away, as are City Parks, hiking/biking trails, and more.

The Boulders St. George may be one of the greatest places to reside in St. George, Utah, and 1541 S. Boulder Cove Circle is truly a great home.

1541 Boulder Cove Circle Specs:

·         6 beds, 4.5 baths

·         3867 SF of living space

·         .35 Acre lot

·         3-Car Garage

·         Full access to Boulders St. George amenities for $40.00/month.

Looking for more info? Photos? St. George Real Estate Guidance? Just ask! Email michelle@gostgeorge.com , or call the Larkin Group at 435-674-1442.  With just a few hours’ notice we can schedule a private tour of this beautiful custom home in the Boulders St. George. 

 

St. George, Utah Real Estate 2011 - Boom or Bust?

by Jeremy Larkin

 

St. George Real Estate is always trending…up, down, buyer’s market, seller’s market, distress market…always moving in some direction.

Depending on the situation you're in, the 2011 St. George Real Estate market was either:

St. George Real Estate A.     Fantastic - ​People in the "fantastic" class may have purchased their first home at a sub 4% interest rate, refinanced their current mortgage to a sub 4% interest rate, picked up an investment property at a FRACTION of 2005 prices or perhaps even narrowly avoided a foreclosure by way of a successful short sale of their home.

B.     Painful - ​Those in the "painful" category may have lost a home(s) to foreclosure,  built and "sat" on a spec home that wouldn't sell, or, depending on their perspective, short-sold a family home that they originally dreamt of staying in forever.

C.    Lackluster - ​Those in this category probably wished​ they could refinance their home but owed too much on the mortgage, missed out on a great investment deal, or were just generally let-down that the market didn't recover more fully in the way of appreciation to their home's value. 

Regardless of your situation, let’s talk about the top 5 pieces good news in St. George Real Estate!

1.     RECORD HOME AFFORDABILITY – The combination of prices + record low interest rates made 2011 the most affordable time to own a home…EVER!

2.     Decreased Inventory – For Buyers, this is frustrating. However, this means home values are stabilizing, unemployment is obviously improving, and our market is returning to “normal” after a ridiculous boom which was followed by a harrowing crash. In more simple terms? Too many homes for sale = falling home values. Too few = increasing home values. 

3.     The St. George Replacement Airport Opens – After years of planning, fighting with environmentalists, and a lot of community nail biting,  the new St. George municipal airport opened on January 12, 2011. We’re now “jetting” to Los Angeles and Salt Lake City on Jet aircraft instead of turboprop, and we have an airport site that will support jumbo jets in the future. This WILL be a huge benefit to our local economy; it will just take time for that impact to be felt as passenger loads increase. Our Video Blog about it: St. George Airport Grand Opening. 

4.     St. George Recognized over and over for being on the “great” places to: Live, work, retire, and vacation. Check out this article: St. George Among Best Places to Live - CNN.com

5.     Finally, CONTINUED Strong Real Estate Sales: ​St. George area real estate sales were higher in 2011 than they've been in nearly 5 years. The Larkin Group alone ​closed over 170 transactions. People ARE...BUYING...REAL ESTATE in Washington County!

'Every homeowner, or would-be home owner's situation is different. The question, "how's the market" should have a unique ​answer for everyone. Don't let some crazy Realtor just tell you "good" or bad." If you're seeking PERSONAL St. George Real Estate information, just confidentially ask!

Email Jeremy at larkin@gostgeorge.com or of course give us a ring – (435) 674-1442. We’d be honored, pleased and all of those other really positive descriptors to answer your questions about current conditions in St. George Real Estate.

 

 

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Photo of Jeremy Larkin - The Larkin Group Real Estate
Jeremy Larkin - The Larkin Group
Keller Williams Realty
50 E 100 S, Suite 300
St. George UT 84770
435.767.9886
Fax: 435-359-5085

St. George Real Estate - Your premier destination for St. George,Utah Real Estate Listings, Home Values, MLS Search, REO/Foreclosure Info &  St. George Real Estate Statistics.  Serving St. George, Santa Clara, Ivins, Washington, Hurricane, LaVerkin, Toquerville & more! Specializing in REO/foreclosure properties, frustrated Sellers, First-Time home buyers, and Investors. Looking for the most LOCAL St. George, Utah real estate information available? Your search is over!