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Washington County New Home Construction: Heading for BOOM or BUST?

by Jeremy Larkin

I will walk you through this subject and let you know what to expect in the near future as a result of this rise in home construction

So, who is building all these homes? As of May, the top Builders shook up as follows: 

  • Salisbury Homes is the leader pulling 41 building permits totaling 7 million dollars.
  • Henry Walker Homes – 34 permits
  • Ence Homes – 30 permits
  • Sunriver St. George – 19 permits
  • And New Trend Construction pulled 15 permits as of the date of this video. 

 

Have specific questions about your own real estate purchase or selling situation? We'd love to answer them! Contact us at larkingroup@gostgeorge.com or 435-767-9821. Your confidentiality will ALWAYS be protected!

Turning Back Your St. George, Utah Sprinkler Clock

by Jeremy Larkin

It's fall in Dixie!! That means 2 things: 1. Lots of football, and 2. Tons of Southern Utah residents overwatering their lawns. In this quick video, Jeremy Larkin of the Larkin Group gives some time-tested advice about getting your St. George area sprinkler clocks turned back, spoken as a life-time local who know a bit about Southern Utah lawns.

 

What are St. George Homes Worth per Square Foot?

by Jeremy Larkin

So, just how much variety exists in St. George home values in terms of pricing per square foot?

Well, since January 1st of this year, the lowest priced single-family home sale in terms of price per square foot, was $39, located in Hurricane City. On the other hand, an incredibly unique home in downtown Springdale was sold for a whopping $745 per SF!  How could a home sell for that much more, when they are both single family dwellings? 

Is there a time when price per SF can be used to determine your home’s value? 

Yes. If you live in a very standardized townhome community or even a single family home community with homes of very similar size, age, finishes, AND a consistent ownership demographic, price per SF can be anywhere from “fairly” to “incredibly” accurate. Just remember that subtle differences – often those you can’t see inside your neighbor’s home, can create massive differences in value. 

 

Have specific questions about your own real estate purchase or selling situation? We'd love to answer them! Contact us at larkingroup@gostgeorge.com or 435-767-9821. Your confidentiality will ALWAYS be protected!

St. George Real Estate Sales dip…should you panic?

by Jeremy Larkin

WHY are home sales down? 

  1. One factor is the continuous decline of foreclosures and short sales and in turn, this has left fewer homes available for the long-term. That is good news!
  2. Washington County home values have COME UP nearly 20% since 2011…also great news! But because they’re up, some Buyers are getting priced out of the market, which in turn slows the total # of sales down. But it’s healthy for the market as it prevents another outlandish housing bubble like 2005. And Washington County cannot face another housing bubble – it’s unacceptable! The decline in home sales year-over-year is actually a sign of a healthy, self-balancing real estate market!

 

Have specific questions about your own real estate purchase or selling situation? We'd love to answer them! Contact us at larkingroup@gostgeorge.com or 435-767-9821. Your confidentiality will ALWAYS be protected!

Today, on GoStGeorgeTV, we’re going to answer the question: “Can I trust the Zillow home price estimate?”

Zillow has become a wildly popular online tool to get a quick estimated value of home values. We estimate that eight out of ten Sellers we work with first go to Zillow to get an initial estimate for their home. With so many users, so many millions of homes, and having those homes spread across the entire United States, is it possible that the site could have inaccurate estimates? We’ll take a look at the three traditional values for a home and compare them with the Zillow value. 

1. The first value is the assessed value.

2. The second value is the appraised value.

3. The third value is the market value.

 

Have specific questions about your own real estate purchase or selling situation? We'd love to answer them! Contact us at larkingroup@gostgeorge.com or 435-767-9821. Your confidentiality will ALWAYS be protected!
Today I want to address a question that always comes up. But before I answer that, I wanted to point out our blog’s free home search. This can be utilized at any time and you will be able to view every home available on the market. EVERY home! We also provide a Home Value tool that tells you what your home would sell for in the current market. Check them out in the menu at the top of this page.

The question I was referring to pertains to selling your home now or waiting until later in year. You do need to consider that Spring comes very early in St. George due to our climate. Which means Buyers are ALREADY HERE whereas they’d be waiting 60 more days in other markets. 
 
Check out our video below to find out why we believe NOW is the time to sell your St. George home!
 

Have specific questions about your own real estate purchase or selling situation? We'd love to answer them! Contact us at larkingroup@gostgeorge.com or 435-767-9821. Your confidentiality will ALWAYS be protected!

St. George Real Estate Market: Can You Really Trust the News?

by Jeremy Larkin

I want to remind you regardless of what you are hearing in the news about the real estate market, it is the media’s job to embellish reality! If St. George real estate is warming up, the media defines is as a “meteoric rise.” And if it’s cooling? Same pattern, just opposite direction. 

So my job is to interpret the truth of the St. George real estate market, then report that to you regularly! Check out our video below to find out what the TRUTH really is about St. George real estate!

 

Have specific questions about your own real estate purchase or selling situation? We'd love to answer them! Contact us at larkingroup@gostgeorge.com or 435-767-9821. Your confidentiality will ALWAYS be protected!

Is St. George in a BUYER, or SELLER’s market?

by Jeremy Larkin

Since Jan. 1, 2014, our MLS records indicate that Washington County has seen approximately 263 sales per month which equates to about 1800 home sales through July.

St. George is currently in a healthy, neutral market, based on this rule of thumb:
 
·         1-3 months inventory: Seller’s market
·         4-6 months inventory: Neutral market

·         7+ mos inventory: Buyer’s market

Have specific questions about your own real estate purchase or selling situation? We'd love to answer them! Contact us at larkingroup@gostgeorge.com or 435-767-9821. Your confidentiality will ALWAYS be protected!

Displaying blog entries 1-8 of 8

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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!