St. George, Utah – it’s February 15, 2015 and according to the Washington County Board of Realtors MLS system, 23 of St. George’s single-family real estate listings have been reported as sold since Monday, February 9th.
While the Southern Utah Parade of Homes is well underway, having kicked off February 13th, reports that the Federal Trade Commission gave two big “thumbs up” to a merger between Zillow and Trulia, are reshaping the paradigm for Utah’s homeowners hoping to get an accurate market analysis of their property. Creating an ugly competition between real estate agents – who derive their ‘Sold’ data from their local MLS affiliations; and Utah is a nondisclosure state. Meaning that home sales prices are not available to the public – and that Zillow’s Zestimates are based on an algorithm … not factual data gathered directly from the county or MLS.
So, as Zillow continues to mislead Utah’s homeowners as to their properties actual value, based on the utilization of an algorithm for determining a home’s value, Realtors like myself are gathering their information directly from their Board of Realtors MLS (multiple listing service). Thereby providing useful information on actual Sold properties, utilizing real sales prices for homes recently sold in the potential sellers surrounding neighborhood.
With that little factoid in mind, the below single-family residential real estate listings have successfully closed escrow in Southern Utah over the last six days.
St. George 20
Santa Clara 1
La Verkin 0
Sold St. George Real Estate Listings: week of 2.1.2015:
1696 N. Hummingbird Dr. St. George, UT 84770 Sold not disclosed
1749 S Paragon Dr. St George, UT 84790 Sold $600,000
1128 W 2320 S St George, UT 84770 Sold $469,900
1795 N Snow Canyon Parkway 11 St George, UT 84770 Sold $306,311
3451 Paiute Drive St George, UT 84790 Sold $290,000
1795 N Snow Canyon Parkway #93 St George, UT 84770 Sold $239,900
1518 N Falcon Drive St George, UT 84770 Sold $234,000
4359 S ROUND HILL Circle St George, UT 84790 Sold $232,000
799 W Crystal Drive St George, UT 84770 Sold $229,000
2248 E 575 N St George, UT 84790 Sold $224,900
3384 AZTEC St George, UT 84790 Sold $215,000
1223 S 1280 E St George, UT 84790 Sold $215,000
1210 W Indian Hills D Drive 13 St George, UT 84770 Sold $214,900
1057 Cypress Circle St George, UT 84790 Sold $190,000
1134 E 900 S #25 St George, UT 84790 Sold $185,900
1630 E 2450 S #255 St George, UT 84790 Sold $174,000
845 N Valley View Drive 600 St George, UT 84770 Sold $159,000
1790 W Warm River Drive St George, UT 84790 Sold $148,000
1523 W 1400 N St George, UT 84770 Sold $145,450
1762 W 1230 N St George, UT 84770 Sold $139,000
Sold Ivins Real Estate Listings: week of 2.9.2015:
558 N 300 W Ivins, UT 84738 Sold $167,000
Sold Washington Real Estate Listings: week of 2.9.2015:
1050 W Red Hills Parkway #14 Washington, UT 84780 Sold $149,000
Sold Santa Clara Utah Real Estate Listings: week of 2.9.2015;
1646 RIM Circle Santa Clara, UT 84765 Sold $190,000
As Southern Utah’s real estate inventory continues to decline, now showing fewer than 1,100 single-family residential listings on the local MLS (multiple listing service), Southern Utah’s absorption rate has rapidly deteriorated to just over 5.25 months – meaning that if no new real estate listings were placed on the WCBR MLS, our inventory would be consumed in just over five months.
Provided you have any questions about the Southern Utah real estate market in St. George, or if you would like a free Comparative Market Analysis (CMA) of your home – please do not hesitate to call or email me. I can easily be reached at (435) 619–2206, or just write me a quick email (firstname.lastname@example.org) outlining your questions, concerns or search criteria … and I will respond immediately.
* The above St. George Utah real estate summary of statistics is provided by the Washington County Board of realtors and their MLS system: This data excludes homes sold as “For Sale by Owners” and any other non-published real estate listings. Additionally, Alex Yeager and Fidelity Real Estate St. George are not responsible for the data and do not guarantee its accuracy.