St George real estate has seen a lot of ups and downs in its economy in the last 6 years.
St George Real Estate Recap
In the St George real estate sector, having been one of the last places to capitalize on investments, investors helped push up real estate values at an unprecedented rate. So fast did St George property values rise, that we either led the nation or ranked third or fourth for a year or two consecutively. Many locals saw their home values virtually double witin a couple of years. Well, like the rest, we felt the bubble burst. Not only does "what goes up, must come down", but how fast we went up has had a relationship with how fast we have came down too. We spiked up and spiked down. Our bell curve was steeper. As such, one could also speculate a little more educatedly, that perhaps we have reached the bottom.
Many believe St George real estate values spiked higher than most places. Well, I saw a St George commercial real estate presenters assessment of our residential values with graphs and so forth and he showed that actually we did not spike any higher than say California. They just had a much more gradual increase over time. So, I don't know if anybody has been to the Lagoon amusement park here in Utah, but they have a roller coaster that emulates what happened to us. A big tall ascent followed by a huge descent... and then two upside down loops to go with it. All this unravel can lead us to think things are worse than they reall are here.
Tangible Pick-up in St George Real Estate Market - Second Quarter of 2011
New St George Regional Airport Brings Economic Boost Ahead
It's official. The new St George Utah Regional Airport is opened for flights and business as of January of this year- read more regarding the opening of our new St George Airport.