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Since we have 40 homes under construction I’ll chime in. Quality locations are moving with no issues. Prices drops are at about 5-10% for us. Profit margins are still healthy. I did get a call from a developer today turning over some finished lots that ran out of money. Construction loan is due...

I think the boat market will end similar to the real estate market. Quality brands will continue to sell/move while things that were clearly overpriced will not.

Hopefully some of these people getting laid off own a Ford truck and have a fat payment. Still in the market for a new truck just waiting for someone to be down on their luck.

I understand where your coming from but I think that’s a very small portion of the population. While I think the area is growing living there from 2015-2019 for college I think the job market is very limited. I would still live there now but I learned all the big construction projects going on...

The issue with Southern Utah is all industry there is saturated around residential home building. Once that slows the whole thing come crashing down. I think that market could get hit a lot harder then havasu. In the long run St George and Cedar City have very few high paying jobs.

Utah everything in the $700k-1mil range is still moving but at price reductions. Low end seems stagnant such as townhomes. In my parents neighborhood (Sierra Madre) we had one home go $700k over ask and another at $780k over ask in the last month (listed in June after the whole rate hike thing...

Southern Utah turns into Nevada’s playground in the summer. I lived in Cedar City for 4 years wile in college. There’s quite a bit of riding around duck creek (mostly sxs stuff) and in cedar city as well. Utah is one of those states you can pretty much drive in any direction and find a decent...

While I am in the market for a new truck something tells me this demographic isn't owning exactly what I’m looking for.

I prefer to stick out of state. Something about investing in a state that gives little to no right to the land lord seems very unappealing. To top it off the entitlement/permitting process is a nightmare is most jurisdictions from the development side.

$1 million dollar home will have a tax bill of $12.5k a year. Cap rates are incredibly low in California with my experience. I feel like 3-4 cap is normal with anything at a 5 cap would be crazy.

this is what I have seen as well. Seems like a lot of pre 2005 sub 22’ inventory has come up recently

I know there are plenty of real estate market prediction oriented threads on here but I’m curious what people’s insights are on the upcoming boat market. This summer I have seen 3 deals in the last month I felt would have been unheard of last summer… 2007 Dana 23’ w/ 6.2 -$17k 2000 ultra 23’ w/...

We’re seeing sales start moving in northern utah but prices have dropped about 5-7% off their high. Demand is definitely slowed but it’s still there. I think if your looking for a deal you may need to focus on an area with a lot of new development. As an example builders bought land with...

In the 2008 fallout the market didn’t bottom until 2011ish. I think we still have a long ways to go as to see how this will eventually unfold. If the fed can’t get inflation under control and rates continue to rise it could definitely get ugly. Biggest thing will be if banks start taking on...

Most product is in the $600-800k range. Pretty average run of the mill stuff. 2k finished 1k unfinished basement. Production level finishes.

We’re a developer/builder out of northern utah. Currently brining $15k to the table for rate but down. Inventory isn’t moving here. All builders around this area seem to be experiencing stagnation.

I’m in residential construction up in northern utah and have worked for several spec builders in the past. 3 months ago we saw our spec product creep up 15% in about a 20 day period. As of now every builder building spec (most in in this market) now has a backlog of inventory. The previous...