I agree the market here is hot–we sold our house to the first couple that saw it and they took 20 minutes to say yes to our asking price. Yeah, I know. I should have asked more, but we are now tenants for two months while the St. George house gets finished.
Footnote: I said our property taxes would fall from over $16,000 per year to 3,000. That’s about one-half of one percent of the value of the house, which seems unrealistically low. A realtor gave me that figure and I’d like another source to confirm it, so don’t quote me. And yes, our SD house taxes included Mello Roos.
Agree that the SD market is hot, but the St. George market is hotter. Almost nothing sells for asking price, bidding wars are the norm, and loan contingencies in offers get nowhere. New developments are popping up all over, and Cedar City, an hour north on I-15 is just as hot, as is Hurricane, just north of St. George.
The population is exploding as new residents come in from everywhere, especially CA. Because St. George schools are largely open, teachers tell of CA parents desperate to get their kids into in-person learning, so some are living in St. George motels in order to do so.
All the contractors are overwhelmed with work. Imported workers live in motels or sleep in their vehicles in motel parking lots–probably to use the facilities of the room where their buddies are staying. One realtor told me tofigure on one and a half years to get a new house built.
While the SD and St. George markets are both hot, it is for different reasons, as perhaps sdrealtor can confirm. St. George is strong because of people moving in, while SD is strong because of lack of inventory. That lack of inventory due to COVID fears, plus expense of building here. And I also suspect tech refugees are deserting their shithole LA and Bay area cities to come to tech-friendly San Diego. Thoughts…?
