Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
Marc Giauque ReportingAre they out of control? Home prices in St. George are now appreciating at the fastest pace in the nation.
If you're a buyer, you could have saved about 80-thousand dollars had you purchased a home last year instead of this year. Housing prices are soaring, increasing more than 38-percent over the same quarter last year.
That has what used to be little old St. George outpacing places like Coral Gables Florida, Phoenix Arizona, and Bend Oregon.
Some analysts aren't sure the trend will continue, but others say there's no sign of change. They say applications for building lots just about doubled in the last year.