sdr: you want numbers instead of personal opinions? OK, let’s start with your numbers.
You claim that I live in a relatively ritzy neighborhood for St. George. Yes, a true statement. As I said previously, we paid $550,000 3 years ago and it is now worth about $825,000, which is below YOUR number of $1 million plus for a mediocre house in Mira Mesa. A million dollars here will get you a real luxury house with view far better than mine.
As for St. George having a lot of houses for sale, true, but let’s remember that St. George has a relatively young population with lot of children (2/3 Mormon) who move a lot into larger houses. And, you are correct that we have a lot of building going one here, thus the larger inventory of homes for sale.
Yes, the big cities you mention that have received the fleeing Californians are tapering off, I suspect because of the jump in interest rates. But please, Mr. numbers guy, clarify what your numbers are suggesting–certainly not a population decline.
