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St George Real Estate - Diminished Supply

By
Real Estate Agent with HomeSmart Advantage DRE# 5631215-SA00

This is a St George Real Estate update to let buyers and investors know that I have seen local inventory levels of product on the market drop.  Now, this is on short sales with fewer being available that are not already tied up with at least one offer on it, if not many.  Also, that foreclosure listings have developed a two prong approach- either pricing is low enough to cause several offers or it does not "cut the mustard".  As such many of them are pricing them low enough that they are often seized within the first month.  Only savvy and serious buyers are getting in on some of these often allusive foreclosures that sometimes appear to have a louder bark than bite.  Let me explain.  Even though they seem intimidating with multiple offers, it is not uncommon that many of them are low offers and below market value can be still obtained.  Good deals are being had.  Sign up for Brian's Hottest Weekly Deals, coming soon on his site to take advantage of the best local St George Real Estate has to offer.  For an in depth view of the forgoing factors visit that sites local blog currently at St George Real Estate market.

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**ALL INFORMATION AND CONTENT IN THIS BLOG IS ORIGINAL TO BRIAN HABEL

Brian Habel, Fidelity Real Estate, PC

St George Utah Real Estate Specialists since 2004

100% Club, Top Producer since 2004

 

Comments (2)

Brian Habel
HomeSmart Advantage - Saint George, UT

One way is to take advantage is to call Brian at (435) 632-0250 and consult about any Short Sales or St George Foreclosures you see, in order to really assess if they are valid listings and get a proper perspective on availability that way.

Apr 19, 2010 04:56 PM
Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

Brian, we have the same here is south Florida. Hope all is well in St. George; love your area!

Apr 19, 2010 07:09 PM