From Fairway Hills to The Legacy at Southgate, 52 single-family residential real estate listings closed escrow in southern Utah between April 9 – 14th.
St. George, Utah – Last week’s 52 sold Washington County real estate listings totaled more than $16 million. Of those sold listings, 28 spent less than 30 days on the MLS, according to statistics provided by the flex MLS system.
Already challenging for the average home buyers, Zillow is about to make it a tad more competitive in some markets.
As the National Association of Realtors continued their petty battle over the associations modified logo, Zillow announced last week they will begin flipping properties in the Phoenix, Arizona real estate market. Not satisfied with driving Realtors into bankruptcy, Zillow will now begin directly competing with consumers – by buying and reselling homes.
.@Zillow is expanding Instant Offers to Phoenix and getting into the iBuyer business, going head-to-head with Opendoor and its own partner OfferPad. Watch @carlfranzen's exclusive interview with @errolsamuelson. https://t.co/ptF1hnn7vz
— Inman News (@InmanNews) April 12, 2018
A potential game changer for consumer and the real estate industry, the real estate tech giant is expanding Instant Offers to Phoenix. Named “Instant Offers,” Zillow claims, “the program gives real estate agents the opportunity to acquire new listings by connecting them with motivated sellers who have taken a direct action to sell their home. Once announced, Zillow’s shares fell by 6.53 percent on Friday.
Zillow has traditionally profited from encouraging technologically challenged realtors to advertise with them online. A real estate hub with questionable content, Zillow was formed by one executive from Microsoft and another from Expedia.com.
Fairway Hills to Stone Cliff: 52 Real Estate Listings Sold Last Week
That said, last week 52 closed escrows in Washington County occurred in the following subdivisions: Anthem Estates, Arroyo at Siena Hills, Bloomington Hills, Bluff View Townhomes, Boulder Springs at the Villas, Cottage Lane Townhomes, Cotton Acres, Desert Hills, Desert Edge, Eagle Ridge, Elmwood Estates, Fairway Hills, Forest Park, Fox Borough, Garden South Condos, Hidden Valley, Indian Knolls, Las Palmas Resort, Last Sun At Green Springs, The Legacy at Southgate, Liberty Heights, Mill Creek Cottages, Padre Lakes Townhomes, Perry Lane Townhomes, Pioneer Crossing, Primrose Point, Red Rock Canyon, Redwood Estates, River Cove Townhomes, Santa Fe at Red Cliffs, Shadow Creek, Slick Rock Ridge, St. James Place, Steeplechase at Washington Fields, Stone Cliff, Sugarplum in the Fields, Sun River St. George, and Treasure Valley.
28 of last weeks 52 closed escrows (COE) spent less than 30 days on the MLS (multiple listing service). On the MLS slightly longer, 10 closed escrow in less than 60 days, 6 COE within 90 days, and another 4 took between 90 and 120 to close escrow. Leaving 4 sold listings that spent more 121 days on the WCBR MLS.
Top Five Sold St. George Real Estate Listings
- List Price: $1,195,000 – Sold Price: $1,190,000 – Days on Market: 19
- List Price: $869,900 – Sold Price: $825,000 – Days on Market: 62
- List Price: $609,900 – Sold Price: $609,000 – Days on Market 17
- List Price: $545,000 – Sold Price: $525,000 – Days on Market: 200
- List Price: $479,900 – Sold Price: $466,000 – Days on Market: 10
For the week of April 9-13, the ‘Average Sold Price’ of a home in southern Utah was $326,734. The Median Sold Price for a home in southern Utah was approximately $304,750 over the past seven days. And, as of last Monday, the Average, Median, and Low “Sold Price per Square Foot” ranged between $265 to $63.
All photos provided by the Washington County Border Realtors, Flex MLS, and the listing Realtor. All information is deemed to be reliable but is not guaranteed. © 2018 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Sunday, April 15, 2018.