There are still some foreclosures left but not many. This winter and last year many were bought up. Prices are down 40-60% from the height of the economy a few years ago and buyers are taking notice. There are only a few spec cabin foreclosures left. Condos in Brian Head are still very affordable and there is still quite a selection to choose from. Panguitch Lake has fared better than Duck Creek and Brian Head with having very few foreclosures so far and very little on the market. This has kept prices higher on that side of the mountain. This year the market appears it will turn so if you have been thinking about purchasing mountain property in Southern Utah now is a great time to start shopping. For more information about real estate and recreation in this area visit http://SouthernUtahEstates.com
There are some great deals on cabins, condos, lots and acreage in the Brian Head area right now. Prices are down 40-60% from the height of the economy and the deals are getting bought up. There are many buyers that wanted to be in this area but didnt buy when things were going up and up and now those folks are taking advantage of the down market. Dont sit on the fence until all the best deals are gone! Visit http://SouthernUtahEstates.com for more information about our market and area.
The real estate bubble has burst and the market is primed for investors with low rates and a competitive inventory. So why aren’t more investing? When prices were sky high people were waiting in line and many of those people werent any better off than they are now. People move and thing in a mass group as a certain way except for a few. The few that dont follow the pack are capitalizing on todays great market. With the influx of money into the economy some experts believe a big inflationary period is coming and if thats the case those who are buying rentals and income property at todays low rates will be happy they did in 5-10 or however many years it takes to hit if it does. As far as luxury properties go, the low end is selling but higher end properties are still in a lull. This could be that many believe they still have room to drop and the higher the price tag, the bigger the risk. Either way there are some great deals out there right now in today’s real estate market.
