The St. George Real Estate Market

This blog is dedicated to tips and information that pertain to the real estate markets of Southern Utah.  Whether you are an out of state buyer that is coming to Southern Utah for its natural red rock beauty and looking to purchase a property, or you are a seller that currently owns a home in one of the many towns throughout the St. George metro area and are in need of relocation, these posts are designed to help YOU!

We will post information and articles that will provide assistance and guidance for any who are looking to buy or sell real estate in any form.  We will try to always keep this information as relevant as possible.  We specialize in the buying and selling of homes and other residential real estate services, however, we also provide services both in the land lease, commercial lease, land brokerage, and Commercial real estate buyer representation.  

Please contact Shaffer Team Real Estate Services with any specific questions you may have.

Nate Shaffer

Shaffer Team Lead Agent - 435-525-0079

Feb. 3, 2021

Is Selling Your Home the Right Move?

 

Much to everyone's relief, the housing market made a stunning recovery in 2020, and is positioned for an even stronger 2021. Interest rates are at record lows, driving the skyrocketing homebuyer demand we've been seeing, and sellers are poised to win big!

 

With high buyer traffic and low inventory, sellers are at a strong advantage. If you want to sell your home on optimal terms, now is the time. In fact, nationwide, existing homes are selling for almost 15% more than they were a year ago, and only sitting on the market for an average of 21 days! 

 

If that's not enough, the National Association of Realtors recently reported that the number of homes currently for sale sits at about 1.28 million, which is down 22% from a year ago. This is an all-time inventory low, representing just over 2 months worth of supply at the current breakneck sales pace. In a normal market, we like to see 6 months of inventory available at any given time.

 

But nothing lasts forever, and the high-demand-low-supply scenario behind today's market could be changing soon. Many sellers wait to put their home on the market until the spring, which has historically been considered one of the best times to sell a home. But the old adage rings true, and just like "April showers bring May flowers," the spring listing rush can bring a flooded housing market.

 

If you wait to list your home until the spring, buyers will have more choices, you'll have less leverage as a seller, and it may be more difficult for your home to catch their eye. Don't wait to take advantage of the benefits the market is currently offering sellers.

 

If you're thinking of selling your home in 2021, now is the time. We can help you get high value offers on your home today. Not quite ready to list? No problem! We're happy to answer any questions you may have in the meantime. Call us at 435-200-1991 to get started.

 

Posted in Listing
Oct. 22, 2020

How to Know When It’s Time to Sell Your Home

 

For some, the thought of, “I need to move out of this house!” comes at a time when you feel trapped and need more space. For others, maybe your family has grown and you need extra rooms for the little ones to grow up in or you finally feel financially stable enough to take the leap of faith. No matter when the thought pops into your head, you should think about evaluating several different situations that you are currently in before looking to sell your house. Let’s talk about how to know when it is time to sell your home.

 

1. You Are Emotionally and Mentally Ready 

Look, selling your home is not a guaranteed easy process. You may find the home of your dreams but then another buyer outbids a value outside your price range. You may be stuck in escrow for weeks or months. You may think you are ready to relocate to an entirely new city or state but you’re not. However, you may also be excited and committed to finding a new home because you believe you’ve earned it. When you find yourself not second-guessing your decision to move and you are ready for the looming change, then you are ready. We love working with our clients who are on-the-fence but know deep down it is time for something new. Change is hard. The Shaffer Team recognizes this and we are here to help and support you along the way.

 

2. You’ve Got the Real Estate Market On Your Side

The state of the market will always remain a contributing factor when it comes to making a decision about selling your home. There are so many variables that go into making the market strong. Are home loan prices reasonable? Is buyer confidence high? Is there a good amount of homes being listed? Are homes selling fast? Well, if the answer to all of these questions are “yes”, then you know that the market is strong and that the market is on your side. The Shaffer Team prides themselves in staying on top of the state of the market. One thing we are so proud of when it comes to the St. George real estate market is that home prices in our area not only favoring home sellers but that there has been general home price growth for several years now.

 

3. Equity and Debt, No Sweat!

One of the biggest financial accomplishments that people experience is paying off their student loans or credit card debt. After debts are paid off and you feel secure in going beyond the idea of “making ends meet”, you are then able to invest and start building a sense of equity. Maybe you have debt but also have a substantial amount of equity. If you have reached this point in your life where you have personally determined you are financially stable, this will likely indicate that you are ready to sell your home. 

4. You Can’t Keep Up With Maintenance

There may come a time when you find yourself constantly feeling the desire to renovate outdated appliances, cabinetry, plumping, or general landscaping. At some point, all of your maintenance updates or modernization of your home will outweigh the costs of selling your home and finding a new space that is up to date in all aspects. If you are that someone who is tired of having to keep up with maintenance, then you are, without a doubt, ready to sell your house.

 

Contact Us

We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer Team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers, and lenders to ensure your home buying or selling process is efficient and smooth. We are committed to keeping you informed through the entire sales process and educating you on anything you may not understand. Call us to learn more about the area and to understand how we can help you find your dream home at 435-525-0079.

 

Oct. 13, 2020

Pros and Cons of Purchasing a Fixer-Upper

When it comes to buying a home, you basically have three options: buy a move-in ready home, build your home, or purchase a fixer-upper. Depending on how specific buyer needs are with a property, any of these three could be a great option. Some people shy away from purchasing a fixer-upper because of the notion that it will be a pocket-draining experience. But before we dissuade you one way over the other, let’s discuss the pros and cons of purchasing a fixer-upper.

 

PRO: Well, the first one worth mentioning is also the most obvious one. You pay a significantly lower price for the initial purchase of the house. This will also give you a smaller down-payment and if you intend on getting a home loan, your APR will most likely be lower given the burrowing amount is less.

 

CON: On the flip side, where you may be saving up-front costs to begin with, you may exceed your budget quickly with renovations. It is easy to overlook the costs of even little projects, so we recommend that you research what renovations will be needed and calculate that into your entire budget. This also includes maintenance updates or repairs such as plumbing, electrical, or appliances.

 

PRO: Similarly to building your home, buying a fixer-upper allows you to access the creative side of your brain and curate your dream living experience. You can break down walls to open up space without any guilt. Remolding your bathroom has never been easier. Is there an extra bonus room that you don’t want? Then add in another wall and give yourself an extra guestroom and a home office.

 

CON: On the contrary, your creative ideas may become too much of a project, meaning, you’re biting off more than you can chew. What you don’t want is for your home to become a permanent construction zone. How can you enjoy your new home if you aren’t able to finish it? Like any goal, we recommend that you assess if the project is realistic, timely, achievable, and specific.

 

PRO: Tackling the project of a fixer-upper can be a positive family bonding experience. Through sweat and tears, you and the entire team (even if it’s just two of you), will be able to create your ideal living spaces. The most rewarding thing you may experience is being able to create a life in the space that you worked so hard to complete.

 

CON: Like any challenge that takes a team to tackle, you can run into conflicts. When you buy a home that is complete or near-complete, you already know what you’re getting yourself into. You and your family have picked apart the things you like and don’t like and have made compromises. When you’re doing renovations and all possibilities are on the table, this can lead to stressful situations. In case a creative difference or conflict arises, be sure to have a project plan and commit to sticking to it.

 

The Bottom Line

Fixer-Uppers are ideal if you want to save on up-front costs when purchasing a home. It also gives you the ability to rebuild and renovate spaces if you are not set on building an entire home from scratch. Be sure to plan your budget accordingly as renovations can be expensive. Lastly, remember to renovate and fix up the home as a team!

 

Contact Us

We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer Team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers, and lenders to ensure your home buying or selling process is efficient and smooth. We are committed to keeping you informed through the entire sales process and educating you on anything you may not understand. Call us to learn more about the area and to understand how we can help you find your dream home at 435-525-0079.

 

Oct. 5, 2020

September 2020 Market Report

Sept. 29, 2020

Productivity Hacks to Keep Your Home Tidy

Motivation is something that all humans need in order to be productive in their lives. One of the hardest things right now is wrapping our quarantined brains around the idea of finding self-motivation for many of our day-to-day tasks. Depending on the person, this could include cleaning, being productive or creative at work, or putting your phone down and reading a good book.

 

When we talk about keeping our home clean (with 4 kids in the house!) to clients or even close friends, many of them respond, keeping what house clean!? It’s true, cleaning and overall organization of household items has been harder to keep up with. So, we have put our heads together to come up with a few productivity hacks that will get you off your feet.

 

Sticky Notes

We love this hack because you get to leave your personal mantras around the house for you to see all day. The idea is to write out tasks that you need or want to accomplish on a sticky note. These tasks could include, do the dishes, call a friend, or organize / tidy the living room. After writing down 5 -10 tasks on different sticky notes, place them in areas in your home that you frequent the most. For example, we like to put our sticky notes on the fridge door, by light switches, on our favorite box of cereal, next to a phone charging station, or on our home office desk. Try out a few different locations yourself. Which ones work best for you?

 

Put “Organization Time” on Your Calendar

Psychology tells us that for something to become a habit, we have to do a task 30 days in a row. So, we recommend putting a chunk of time (whether that be 30 minutes or an hour) into your schedule. Set up reminders on your phone or place it on your calendar so that you get a notification at the same time every day to organize or a task you want to get done. As the theory goes, after 30 days, you won’t even need a reminder, you will be motivated to do it anyways!

 

Kids Hate Cleaning But They Love Organizing

We firmly believe that there is a special skill in motivating kids to clean (without scowls or tears). Most of us remember having chores and earning a dollar or two a week. Instead of asking them to do chores, re-frame your language as doing an organizational task. “Can you help organize the pantry, toy bin, etc.?” They will be more likely to see it as a project rather than a chore.

 

Find an Home Organizational Show

For us, the easiest way for us to get motivated is to see how other people are implementing their organizational strategies. There are endless amounts of these shows on networks like HGTV. Here’s a two of our favorites:

  • Tidying Up With Marie Kondo (Netflix)
  • Amazing Interiors (Netflix)

 

Create a Pinterest Board for Inspiration

Yes, we know this is an oldie, but it’s still a goodie. Since the pandemic, creativity levels have risen exponentially as people are stuck at home staring at the same room setup or organizational bins every day. Whether it be a DIY project or an Amazon haul, create your own board on Pinterest specifically designated for organization of your home.

 

The Bottom Line

 There are hundreds of different ways you can get yourself motivated. Think about ways you motivate yourself to work out, eat healthy, or be on time. Can you apply some of those techniques to tidying up your home? We’d love to hear all of your ideas!

 

Contact Us

We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers and lenders to ensure your home buying or selling process is efficient and smooth. Call us to learn more about the area and to understand how we can help you find your dream home at (435) 525-0079. 

 

Sept. 21, 2020

Keys to Home Selling Amid the Pandemic

The sales process of a home isn’t always the quickest or easiest experience. But for many, this is a known expectation. What isn’t an expectation is the new curveballs the pandemic has thrown in its effect on real estate. Real estate agents have had to get crafty, not only to maintain compliance with state regulations, but also to keep clients feeling safe. Let’s take a look at some of the changes we’ve seen over the past few months.

 

An Increase in Zoom Meetings 

 

In most of the world, we’ve seen a rise in web-based meetings when attempting to stay connected, conduct business, and maintain operations. For the real estate industry, these web-based meetings have brought in new and unique changes. Virtual showings or and video walkthroughs are more common than not.  As a result, our team is now full of professional Facetime television producers, to say the least! It has also given us the opportunity to serve those who are at high-risk and cannot leave the safety of their homes. 

 

We have seen agents conducting contract signing via Zoom, referral meetings, and final closes. That’s right, agents have been sitting in virtual meeting rooms with their clients and walking them through documents in preparation for the final close of a sale. So, if you are at high risk or just do not feel safe navigating the home sale process with Pre-COVID-19 standards, the Shaffer Team is here for you.

 

An Enhanced Digital Marketing Strategy

The industry has already been using digital means to market different homes and properties that are for sale through the use of tools such as a Multiple Listing Service (MLS). Previously, emails or quick phone calls were exchanged back and forth between agents and potential buyers. However, hopping on a video-chat and putting a friendly face to the property has become more common, even for less “important” topics of discussion. We expect that this will most likely continue beyond the stretch of the pandemic as it is becoming an easier way to develop relationships between sellers, agents, and buyers. 

 

In addition to this, the use of personal social media accounts such as Instagram, Facebook, and LinkedIn have been more prevalent as many are relying on their existing network for word-of-mouth marketing.

 

Relocation Changes

 A common conversation that occurs during and near the end of the sale of a home, is discussion around relocation and the big move. There have been many industry experts chiming in with their thoughts on how to do it safely. Regardless of what is being said, the trend we are seeing is that more families are willing to rent a UHAUL and move themselves with the help of friends or family who are not sick. Some buyers are worried about hiring movers and having them touch their belongings. What are your thoughts on relocating and remaining safe?

 

Stay Safe During House Showings

 

There are a dozen safety best practices any buyer or seller can use when attending a house showing. We recommend keeping the viewing party small, not touching any unnecessary surfaces or door knobs, and staying home if you are under-the-weather. There are many other ways to view a home whether that be virtual, or sending a friend or family member who is not sick to view and take pictures or video chat you.

 

The Bottom Line

There have been many changes to the industry and they may keep changing. We’re seeing that professionals in the field are truly getting creative and we are excited to see where the sales process goes. Will it ever look the same or will the pandemic actually lead the industry to strategies that will stick?

 

Contact Us

 

We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers and lenders to ensure your home buying or selling process is efficient and smooth. Call us to learn more about the area and to understand how we can help you find your dream home at (435) 525-0079. 

 

Sept. 15, 2020

A Brief History of St. George

 

St. George, unique to its own, comes with a very intriguing story. It all began with the forming of a valley hundreds of thousands of years ago. What we’ve gathered is that somewhere between 200 B.C. and 1200 A.D. St. George saw its first inhabitants; The Virgin River Anasazi. They left behind what we view now as cave and rock drawings that illustrate their residency in the town. Throughout the next several hundred years, several groups of people claimed the land of St. George as their own. 

 

Eventually in 1776, the Dominguez-Escalante Party toured the area and grew to love the red rocks and natural beauty as much as modern-day residents do. Once the news spread about the discovery of picturesque land, more and more people travelled to become some of its first residents after the States claimed independence.

 

In 1854, The Church of Jesus Christ of Latter-day Saints founded a mission just a few miles away in Santa Clara. For the next 5 years, the church began to establish farms in the valley which led to the Cotton Mission. This ultimately led to the continual increase of residents in the valley.

 

People from the South also began heading north to St. George as the news of vacant cotton-growing land became widespread. These travelers eventually became the new settlers of the town. They came together and named what we now know as St. George and the surrounding area, “Utah’s Dixie”. After some time, the town was renamed St. George to honor the Latter-day Saint apostle, George A. Smith.

 

St. George continued to grow and as decades passed between the early and late 1900’s, the former farming town grew to become a city. The wide-spread tourist attraction Zion National Park began to drive tourists into town. As a result, a regional airport was built, multi-family homes were constructed, and an interstate was created to direct travelers in to town.

 

 

Now in 2020, St. George provides a home to about 120,000 residents. More and more people continue to call this town their home thanks to students attending Dixie State University, a gathered love for the surrounding red rock, and the sense of community one can find here.

 

The Bottom Line

St. George, like most cities, comes with an exciting story that makes you stop and think about where the city was thousands of years ago to where it is now. This city continues to grow (and exponentially as of late!) and we are so excited to be included in the history that is being written today.

 

Contact Us

We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer Team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers, and lenders to ensure your home buying or selling process is efficient and smooth. We are committed to keeping you informed through the entire sales process and educating you on anything you may not understand. Call us to learn more about the area and to understand how we can help you find your dream home at 435-525-0079.

Sources:

https://www.visitutah.com/places-to-go/cities-and-towns/st-george/

https://www.paragonadventure.com/zionarea/home/southern-utah-info/st-george-utah/st-george-history/

https://greaterzion.com/articles/history-st-george-utah/

 

Posted in Southern Utah
Sept. 8, 2020

August Market Report

Here is your at-a-glance look at the St. George housing market!

Sept. 1, 2020

How COVID-19 Has Affected the Market in St. George

Raise your hand if you’re working from home. Raise your hand if your job now allows you to work virtually. Although this pandemic has affected us in many different ways, the nature of working and life itself has been evolving and will most likely continue to do so. We’re now seeing a new (strange but exciting) trend with the current housing market in St. George. Usually, when more jobs become available in Southern Utah, or even in Las Vegas, the demand for housing goes up. However, as a result of the pandemic, the job market is remaining the same, but the housing market is stronger than ever. 

 

Let’s break it down. The tech market seemingly controls the rate at which a city grows. Look at Seattle, once a moderately populated city. Microsoft moved in, the population went up. And again the same trend when Amazon moves in. Now they have Tableau, Salesforce, the whole thing. So, what does this mean for you? Simply, the culture of 9-5’s are going virtual or completely remote allowing single and multi-families to pack up their current homes and move to places they’ve dreamed about living. What we’re loving is that one of these “places people are dreaming about living in” is right here in St. George. More people are able to move to this city and will bring the tech market with them which could then potentially allow for this city to help its current job market grow.

 

So, we know that more folks are moving to St. George because of their new ability to work remotely. But are there any other indicators? Why yes! When you look at some of the heavy restrictions that more populated cities are enforcing due to the pandemic, you are able to pick out many who are tired of feeling afraid to simply go to the store. We are finding that because St. George and its surrounding area is less populated, there is a significantly lower rate of COVID-19 cases. We are assuming that many people are interested in moving to our city simply because they are able to resume life somewhat close to what we previously called “normal”. 

 

What we love about St. George is that it’s a small enough city that you don’t have to worry about a multiple hour-long commute home but its large enough where there is actually something to do around town. If you’re looking to relocate to St. George, now is the perfect opportunity as its residents are ready for the city to gradually grow.

 

The last thing we want to touch on is the idea that in these past few months of isolation, creativity has begun to flow in the minds of homeowners. They’ve thought about the homes they are wanting to build. As a result, the boredom of 2020 has brought us anything but a low buyer demand. If you are in the market for a new house or are thinking about selling your home, now is the time to do so. With all of these new St. George folks moving into town, homes are closing faster than ever and we couldn’t be more excited.

 

 

Contact Us

We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers and lenders to ensure your home buying or selling process is efficient and smooth. Call us to learn more about the area and to understand how we can help you find your dream home at (435) 525-0079. 

 

Aug. 24, 2020

Dining Out in St. George

Let’s talk about one of our favorite things, other than real estate. Food! Now that restaurants are continuing to operate a little closer to normal, we wanted to share a few of our favorite spots for date night, family dinner outings, and for when the in-laws come to town. 

 

Zion Blues Café - $

Sandwiches / Juices / Smoothies

Dine In  √  Takeout √  

Photo via Washington Utah Guide

 

If you’re looking for a relaxed place to meet friends or coworkers for a quick bite, we recommend Zion Blues Café. What we love about this location is that we randomly stumbled upon it. As real estate agents, we are always on-the-go and we have found this quaint café to be a great spot for us to pop in, enjoy a delicious sandwich, and answer a few emails.

 

Our favorite Item: Turkey Cranberry Sandwich on Homemade Rye Bread

 

Banana Blossom Thai - $-$$

Thai / Noodles

Dine In  √  Outdoor Seating  √ Takeout √  Delivery √

 

Photo via Banana Blossom Thai 

 

Perfect for date night, this quaint, modern Thai restaurant will appease all of your pad Thai and Pad See chicken cravings. Their open and spacious atmosphere is perfect for chatting with your date or small group of friends.

 

Our Favorite Dish: Pad Thai Chicken

 

Black Bear Diner - $-$$

American / Homestyle / Vegetarian Friendly

Dine In  √ Takeout √  Delivery √ 

 

Photo via Black Bear Diner

 

Cuddle up with a few baby black bears for a sit down in this American-styled restaurant. The friendly atmosphere calls for families big and small to sit and enjoy an evening of great conversation. It’s your classic diner with the option of booths, tables, or bar tops. Their lunch and dinner menus offer the perfect homestyle comfort food, but what we’re loving is their breakfast and brunch menu. Our favorite Saturdays are when we start our mornings with our eggs sunny-side up at Black Bear Diner.

 

Our Favorite Dish: BIGFOOT Chicken Fried Steak

 

Aragosta  - $$$

New American / Modern European

Dine In  √  Outdoor Seating  √ Takeout √

 

Photo via Open Table

 

Wow – we must say that this is one of our favorite spots when we are in the mood to splurge a little and dress up for an evening. An excellent choice for any type of celebratory dinner, this experience is high-quality and lives up to the hype. When you walk in, you immediately feel like you’re in a ballroom full of authentically dressed staff. You’ll be able to choose from a wide variety of cuisines including Alaskan Salmon, Lobster Mac & Cheese, or a Braised Lamb.

 

Our Favorite Dish: Lobster Ravioli

 

Obviously there are many more restaurants we would like to share. We’re excited that our little town of St. George is continually growing and that more and more dining experiences are opening. We’d love to hear more of your favorite restaurants. Can you name a few for us to try?

 

Contact Us

 

We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers and lenders to ensure your home buying or selling process is efficient and smooth. Call us to learn more about the area and to understand how we can help you find your dream home at (435) 525-0079. 

 

Posted in Southern Utah