What used to be a quiet spot to get a cold drink before heading across the desert toward Las Vegas has become a booming family and retirement city, and just happens to have the nation’s highest appreciation in house values for the 1st quarter of 2006. Dave Anderton of the Deseret Morning News quotes the U.S. Office of Federal Housing Enterprise Oversight in noting that home prices in St. George rose an average of 38.40 percent, compared to the same quarter in 2005, making it the highest of 275 U.S. cities.
St. George’s appreciation was the highest of 275 U.S. cities, surpassing Cape Coral, Fla., at 36.9 percent, Phoenix at 36.52 percent and Bend, Ore., at 34.70 percent. Salt Lake City ranked No. 76 at 16.87 percent.
Christopher Kyler, CEO of the Utah Association of Realtors, is quoted as saying he doesn’t “believe anything is hyperinflated in Utah”.
To read more: The Source
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