SUHPI: Southern Utah Home Price Index – May 2015

St. George, Utah – its Wednesday June 3, 2015, and the Southern Utah Home Price Index (SUHPI) for May 2015 increased by 7.99% from the same time last year, according to the Washington County Board of Realtors MLS system.

Washington County’s housing affordability remains steady:

While Utah’s overall median home value remained affordable at $209,300, Southern Utah’s median sales price for a single-family residential unit increased on a year-over-year basis to $227,750. Representing a 7.99% increase from 2014’s $210,900 median sales price – as indicated by the local MLS statistics.

Utah’s Mortgage Delinquencies Decline:

Another key indicator that points to additional signs of the markets overall health for the SUHPI, compares and contrasts Utah’s Mortgage delinquency rate against the national average. Currently the national average for mortgage delinquency is 2.95%. Meanwhile the mortgage delinquency rate for Utah has declined to 2.7%.

As Washington County’s distressed real estate inventory continues to shrink dramatically, those homebuyers seeking the best deals find themselves scouring the Southern Utah MLS inventory on a daily basis – which currently has an absorption rate of 5.63 months of inventory for Washington County.

 

SUHPI: Southern Utah Home Price Index – May 2015

SUHPI: Southern Utah Home Price Index – May 2015

SUHPI: Southern Utah Home Price Index – May 2015

 Average List Price: $389,190

Median List Price: $294,900

Average Sales Price: $259,069

Median Sales Price: $227,750

Average Cumulative Days on Market: 98

Median Cumulative Days on Market: 46

Southern Utah Home Price Index – May 2015

Southern Utah Home Price Index – May 2015

*Information is deemed to be reliable, but is not guaranteed. © 2015 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Wednesday, June 03, 2015 3:31 AM.

Southern Utah Home Price Index – April 2015

St. George, Utah – its Wednesday, May 6, 2015, and the Southern Utah Home Price Index (SUHPI) for April was flat (0.00%) from the same time period last year, according to the WCBR (Washington County Board of Realtors) MLS system.

Washington County’s housing affordability remains steady: While the great State of Utah’s overall median home value remained affordable at $208,900, Southern Utah’s median sales price for a single-family residential unit in Washington County remained at $215,000; representing a 0.00% increase from April 2014’s median sales price – per the WCBR (Washington County Board Of Realtors) MLS statistics.

Utah’s Mortgage Delinquencies Decline: The Washington County real estate market has continued to show resiliency and is projected to increase by 2.6% over the next 12 months. Another indicator that points to additional signs of the markets overall health for the SUHPI compares and contrasts the national average for Mortgage delinquency. Currently, the projected national average for mortgage delinquency is 2.51%. Meanwhile the mortgage delinquency rate in the Beehive State has declined to 2.7%.

As Washington County’s distressed real estate inventory continues to shrink, the average homebuyer is forced to search the normal WCBR MLS inventory – which currently has an absorption rate of 5.89 months of inventory for all of Southern Utah.

Southern Utah Home Price Index – April 2015

Southern Utah Home Price Index - April 2015

Southern Utah Home Price Index – April 2015

Average List Price: $388,143

Median List Price: $291,500

Average Sales Price: $243,705

Median Sales Price: $215,000

Average Cumulative Days on Market: 102

Median Cumulative Days on Market: 42

List Price, Days On Market, and Absorption Rate

List Price, Days On Market, and Absorption Rate

SUHPI: Southern Utah Home Price Index – March 2015

St. George, Utah – its Wednesday, April 1, 2015, and the Southern Utah Home Price Index (SUHPI) for March increased by 4.42% from the same time last year, according to the WCBR (Washington County Board of Realtors) MLS system.

Washington County’s housing affordability remains steady: While the great State of Utah’s overall median home value remained affordable at $209,100, Southern Utah’s median sales price for a single-family residential unit increased on a year-over-year basis to $215,000. Representing a 4.42% increase from 2014’s $205,900 median sales price – as indicated by the local MLS statistics.

Utah’s Mortgage Delinquencies Decline: The overall health of Southern Utah’s real estate market has continued to show resiliency and is projected to increase by 3.4% over the next 12 months. Another indicator that points to additional signs of the markets overall health for the SUHPI compares and contrasts the national average for Mortgage delinquency. Currently the national average for mortgage delinquency is 6.3%. Meanwhile the mortgage delinquency rate in the Beehive State has declined to 2.7%.

As Southern Utah’s distressed inventory continues to decline, the average homebuyer is forced to search the southern Utah MLS listing inventory – which currently has an absorption rate of 6.23 months of inventory for all of Washington County.

SUHPI: Southern Utah Home Price Index  – March 2015

SUHPI: Southern Utah Home Price Index – March 2015

SUHPI: Southern Utah Home Price Index – March 2015

SUHPI: Southern Utah Home Price Index – March 2015

 Average List Price: $386,358

Median List Price: $289,900

Average Sales Price: $254,506

Median Sales Price: $225,000 

Average Cumulative Days on Market: 100

Median Cumulative Days on Market: 46

SUHPI: Southern Utah Home Price Index – March 2015

SUHPI: Southern Utah Home Price Index – March 2015

St. George, Utah – its Monday, March 2, 2015, and the Southern Utah Home Price Index (SUHPI) has decreased by 6.48% from this time last year, according to the Washington County Board of Realtors MLS data.

Southern Utah’s Housing Affordability Is Up: While the great State of Utah’s overall median home value remained affordable at $208,600, Southern Utah’s median sales price for a single-family residential unit declined on a year-over-year basis to $212,990. Representing a 6.48% decrease from 2014’s $227,750 median sales price – as indicated by the local MLS statistics.

Utah’s Mortgage Delinquencies Decline: The overall health of Southern Utah’s real estate market has continued to show resiliency and is projected to increase by 2.9% over the next 12 months. Another indicator that points to additional signs of the markets overall health for the SUHPI compares and contrasts the national average for Mortgage delinquency. Currently the national average for mortgage delinquency is 6.4%. Meanwhile the mortgage delinquency rate in the Beehive State has declined to 2.8%. This is Good stuff! As Southern Utah’s distressed inventory continues to decline throughout the state, investors will then return to the normal MLS listings – which currently has an absorption rate of 5.42 months of inventory for Washington County.

 

SUHPI: Southern Utah Home Price Index  – March 2015

SUHPI data – January 31, 2015

Average List Price: $379,245

Median List Price: $309,000

Average Sales Price: $254,459

Median Sales Price: $212,990

Average Cumulative Days on Market: 105

Median Cumulative Days on Market: 52

 

 

SUHPI: Southern Utah Home Price Index – March 2015

SUHPI: Southern Utah Home Price Index – March 2015