St. George, Utah has been named the fastest-growing metro area in the nation, according to the U.S. Census Bureau. The 2017 population is up 4% from 2016 totaling 160,245.
Driving through St. George you can't help but notice the constant construction and public improvement projects to support the influx of newcomers. New businesses are sprouting up all over the city and Dixie State University has undergone massive growth, seeing a 50% increase in the student population over the past 10 years.
What does all this growth mean for the real estate market? Simply put, it means now is a great time to buy or sell a home.
People are moving to Washington County. In fact, 86% of the population increase is due to migration; people are hearing about this beautiful, sunny corner of Utah and want to enjoy a piece of it, too! All these new buyers will need a home, driving demand and making now an ideal time to sell.
But what if you want to buy a home? The value of owner-occupied dwellings in St. George continues to increase, so the longer you wait to buy, the more it will cost. Take advantage of the growing equity each year brings buy purchasing a property now!
To discuss the real estate options in the area and find your dream home, call Paul Herbert at 680-3333 today!