You’re invited to REALTOR® Day at the Legislature 2011

Friday, February 25, 2011
South Towne Expo Center and Utah State Capitol

Join the Utah Association of REALTORS® on Feb. 25 for a day of education and networking. This year, the annual REALTOR® Day at the Legislature event will begin with presentations at the South Towne Expo Center, including a speech by Gov. Gary R. Herbert, and will conclude with a luncheon with legislators at the Capitol Rotunda.

The event is free to all UAR members. Members must register by Feb. 18 or before the event is sold out, whichever comes first. REALTORS® are encouraged to register for both the education and luncheon well in advance as space is extremely limited this year.

Register at: http://www2.realtoractioncenter.com/site/Calendar?id=101681&view=Detail

Schedule
8 a.m. - Check-in/breakfast begins at the South Towne Expo Center (Room 300A-300D)

9-11 a.m. - Education presentations

11:20 a.m. - Shuttle busses leave Expo Center(Note: Parking is extremely limited at the Capitol during the legislative session. All attendees are strongly encouraged to ride the shuttle busses to ensure they are able to participate in the luncheon.)
Noon - Luncheon at Capitol Rotunda

2010 4th Quarter Report on Commercial Real Estate in Southern Utah

2010 brought many changes to the real estate community. There were changes in the lending environment, bank regulations, inventory/pricing, and investor confidence. With all those changes things came together during the later part of the year and the 4Q brought some positive hopeful news. My office saw a significant increase in sales and leasing activity, as did significant parts of the market. Some of our larger neighboring communities have seen Banks get more aggressive about selling product and getting a fresh start in 2011. Some areas have seen a bit of speculative construction beginning to happen and several major business announcements took place.Here’s hoping that it will continue forward in to 2011!

Click on the above image to see the 2010 4th Quarter Market Report

 You will find new business announcements, vacancy and absorption figures, leasing rates, and other helpful information. For the most part there was some positive absorption and rates held steady for the first time in 6-7 quarters.

On the residential side we continue to see a number of properties going into a notice of default status and also foreclosure. The Good news is that these properties are being priced right by the Lenders and are moving at a rapid pace. There continues to be strong Buyer demand and some ability to get these properties financed. commercial tends to trail residential real estate.


Wes G. Davis, MBA, MCRE
Sr. Vice President of Sales and Leasing
243 E St. George Blvd. Suite 200St. George, UT 84790
Office: (435) 628-1609
Fax: (435) 627-5706

ST. George Area Parade Of Homes

Make plans now to attend the 2011 St. George Area Parade of Homes and you will find this event to be unlike any other! The housing industry has been faced with tremendous challenges in recent years, but our message is the Southern Utah housing industry, including thousands of building professionals, are enduring and continue to build high quality homes that contribute to a beautiful community!

February 18-27, 2011



Dixie Care and Share Christmas Dinner

Message from Larry & Lonnie………

We would like to thank everyone who was involved with the Dixie Care & Share Christmas Dinner. Those of you who cooked Turkeys, Dressing and Pumpkin Squares made it possible for us to serve approximately 1200 people a hot turkey dinner. Those of you who took time out of Christmas Day to volunteer at the Dixie Center were ALL amazing. Thank you so much for helping out wherever it was needed.

It’s a great challenge and a lot of work to put a dinner like this together but with the help of all the volunteers, it was a pleasure to be involved in such a wonderful event.

All of you are greatly appreciated.

Happy New Year and God Bless,

Lonnie & Larry Thamert

New Changes to the MLS System

 1.  Listing Syndication
                      All MLS listings are now syndicated through Point 2 to over 35 sites.  This greatly expands the availability of agents to market their listings to the nation.

  2.  Green MLS
                      Agents are now able to show when their listings have one of three national certificates/designations: National Association of Home Builders, Energy Star and/or LEED.  When the agent checks one of these boxes on the MLS data input, the certificate must be uploaded to the MLS. 

Information on these certificates/designations can be found on the MLS.