Southern Utah Annual Real Estate Report: 2017 Sales Statistics

2017 sales statistics provided by the Washington County Board of Realtors (WCBR) in southern Utah indicate St. George’s Realtors sold 2,707 single-family residential listings and/or condominiums during 2017 – totaling $961,416,761 in closed real estate transactions for the year.

St. George, Utah – Of the 2,707 closed escrow occurring between Jan.1, through Dec. 31, 2017,  32 Washington County real estate listings sold for more than $1 million. And while the affordable real estate was the major draw for most of St. George’s would-be home buyers, the most expensive real estate listing sold this year was originally listed for $2,995,000 and sold for $2,775,000. Sold in the guard gated community of Entrada, the home spent 512 days on the WCBR MLS (multiple listing systems) before closing escrow for $389.04 per square foot.

Southern Utah: Million-Dollar Real Estate Sales Statistics for 2017

 Washington County Sold Million-Dollar Homes, 2017

For 2017,  Southern Utah’s luxury real estate sector accounted for $48,407,790 in closed transactions

Southern Utah’s luxury real estate sector accounted for $48,407,790 in closed transactions during 2017. Though some of the area’s more expensive real estate listings spent a significantly longer period of time on the WCBR MLS, before ultimately finding the right buyer, the majority of St. George’s sold million-dollar real estate listings occurred in less than 120 days during 2017.

Million-Dollar Real Estate Sales – Days on Market

  • 11 million-dollar real estate listings sold Between 0- 30 days
  • 05 million-dollar real estate listings sold Between 31- 60 days
  • 02 million-dollar real estate listings sold Between 61- 90 days
  • 02 million-dollar real estate listings took Between 91- 120 days
  • 12 million-dollar real estate listings took more than 121 days

Top Five Sold Southern Utah Luxury Real Estate Listing For 2017

Predominantly occurring in the upscale communities of Entrada and Stone Cliff, 2017’s million-dollar real estate sales occur throughout Washington County. From Santa Clara’s Vineyards subdivision to The Ledges of St. George, Southern Utah’s high-end property sold faster in 2017 than is historically normal.

Southern Utah Luxury Real Estate Statistics

  • List Price:  $2,995,000 – Sold Price:  $2,775,000 – Days on Market: 204
  • List Price:  $2,999,900 – Sold Price:  $2,675,000 – Days on Market:  14
  • List Price:  $2,800,000 – Sold Price:  $2,650,000 – Days on Market:  30
  • List Price:  $2,495,000 – Sold Price:  $2,350,000 – Days on Market:  273
  • List Price:  $2,499,000 – Sold Price:  $2,300,000 – Days on Market: 452

 2017 Sales Statistics – Days on Market 

While Southern Utah’s luxury real estate generally took longer to sell during 2017 than St. George’s median priced housing, 52.60 percent of Washington County’s real estate inventory closed escrow in less than 30 days, over the past 12 months.

  • 1,424 St. George real estate listings sold Between 0- 30 days
  • 445 St. George real estate listings sold Between 31- 60 days
  • 275 St. George real estate listings sold Between 61- 90 days
  • 187 St. George real estate listings took Between 91- 120 days
  • 375 St. George real estate listings took more than 121 days

The WCBR’s 2017 sales statistics indicate that, as of Sunday, December 31, 2017, the  ‘Average List Price’ for a real estate listing in southern Utah over the past 12 months was $366,698. Up 7.21% on a year-over-year basis, the  “Average List Price” for a home in southern Utah during 2016 with $342,030. Another noteworthy real estate barometer, at least for buyers, is the ‘Median Sales Price.’ From Jan. 1 to Dec. 31, 2017, the Median Sales Price of a St. George home sold by a southern Utah realtor with the WCBR was $264,000.  Up 10.46% from just 12 months earlier, 2016’s Median Sales Price was $239,000.

The above information is presented as a courtesy of Alex Yeager @ 435MLS.com. Your Southern Utah real estate expert for St. George and its surrounding communities. Specializing in Southern Utah luxury real estate, new construction, gated communities and southern Utah’s many golf communities.

(All photos provided by the WCBR, FlexMLS, and the listing Realtor)

* Information is deemed to be reliable but is not guaranteed. © 2017 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Sunday, Dec. 31, 2017.

 Main Photo  Courtesy of Danny Lee Photos