Washington County Real Estate Market
Posted by David Ellis on
Washington County Real Estate Market
Washington County's real estate market, which fell apart in 2006 after an extraordinary run that attracted national attention, is struggling back to health.
An increase in sales of existing single-family homes has been fueled by a revived Utah economy and record low interest rates. Foreclosed and short-sale properties are almost non-existent. New construction of homes is on the rise as well.
"In Washington County, we have probably only 20 bank-owned properties left. A lot of people are no longer upside down [in their mortgages]. The biggest problem we have in our market today is getting enough properties to sell," said Ryan Andersen, an agent at ERA Brokers Consolidated in St. George.
Homes priced under…
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