From Riverside Cliffs to Entrada, 59 Homes Just Closed Escrow In the Southwest Corner of the Beehive State
It was another busy week for Washington County realtors as they successfully closed 59 escrows over the past seven days. Scattered throughout the greater St. George area Southern Utah real estate agents sold just over $17 million worth of real estate as of last Monday.
It’s Monday, May 15, 2017, and on a week-over-week basis, the number of closed escrows nearly doubled. Southern Utah’s real estate market Absorption Rate, measured in months, declined to just under 3.5 months worth of inventory. The Absorption Rate number represents how many months worth of inventory exists in Washington County at any given moment.
Southern Utah Weekly Real Estate Statistics
Of last week’s the 59 sold real estate listings, 30 sold in less than 30 days, eight took less than 60 days, nine sold in 90 days, and 12 took more than 121 days to close escrow. The below graph indicates the ‘Average List Price’ of a home in greater St. George over the last seven days was $305,768. Meanwhile, the average ‘Sold Price’ during the same time period was $303,014. Also worth noting, the Median List Price of a home on the Washington County Board of realtors last week was $$275,000 – or $153 per square foot.
Originally listed for $18,040,304, southern Utah’s Realtors collectively closed 59 escrows for $17,877,845 over the past seven days.
Top Five Sold Southern Utah Real Estate Listings
- List Price: $749,000 – Sold Price: $715,000 – Days on Market: 02
- List Price: $549,900 – Sold Price: $574,000 – Days on Market: 24
- List Price: $574,000 – Sold Price: $564,000 – Days on Market: 45
- List Price: $430,900 – Sold Price: $520,984 – Days on Market: 79
- List Price: $495,300 – Sold Price: $495,367 – Days on Market: 01
Riverside Cliffs, Silverstone, Entrada: 59 Homes Just Closed Escrow