Fieldstone, Sycamore, and Cliffrose, Realtors in the greater St. George, Utah, area sold 52 homes during the second week of May.
Valued at more than $17 million, the majority of last week’s single-family residential/ townhome condominium sales closed escrow in less than 30 days.
St. George, Utah – Potential homebuyers in southern Utah might typically notice a seasonal nature to home sales in Washington County. Traditionally, the quest to find the perfect home starts in early spring and tapers off by late June. But with a diminished inventory and threats of increased interest rates, last week’s 52 southern Utah real estate sales demonstrates our real estate market remains strong as we head into the beginning of summer.
Fieldstone, Sycamore, and Cliffrose: 52 MLS Listings Sold Week of May 11
Per the Washington County Board of Realtors (WCBR) Flex MLS statistics, last week’s sold single-family residential and/or condominium/townhomes listings, indicate that 39 properties sold in less than 30 days; 7 listings spent less than 60 days on the MLS; 2 took between 90 and 120 to close escrow. Leaving 4 southern Utah real estate listings on the MLS for more than 121 days before finding the right buyer.
Sold Southern Utah Real Estate Statistics Week of May 11
Between May 7 – May 14, 2018, the Average List Price of a home sold in southern Utah was $350,605, while the Average Sold Price was $340,770. Meanwhile, the Flex MLS statistics indicate the Median List Price for a home sold in southern Utah last week was the same as it’s “Sold Price” – $310,000. And southern Utah’s most competitive housing sector, those homes with a statistical Low List Price, sold for $5,000 over their list price – for roughly $181,500.
Top Five Sold St. George Real Estate Listings
The top real estate sale for Washington County occurred in The Ledges of St. George during the week of May 11th. Located in what are considered the greater St. George city limits, the home was originally listed for $1,490,000 and spent a total of 227 days on the MLS before closing escrow for $1,130,000.
- List Price: $1,490,000 – Sold Price: $1,130,000 – Days on Market: 227
- List Price: $619,900 – Sold Price: $619,000 – Days on Market: 19
- List Price: $613,772 – Sold Price $613,991 – Days on Market: 166
- List Price: $599,000 – Sold Price: $595,000 – Days on Market: 35
- List Price: $559,900 – Sold Price: $544,000 – Days on Market: 04
The above information is presented as a courtesy of Alex Yeager @ 435MLS.com. Your Southern Utah real estate expert for St. George, Utah and its surrounding communities.
All photos provided by the Washington County Border Realtors, the Flex MLS System, and the listing Realtor. * Information is deemed to be reliable but is not guaranteed. © 2016 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS.com on Sunday, May 13, 2018.