Real Estate Comps
Real Estate Comps are critical to your homes value! Understanding this simple little factoid can save you some serious grief!
Thanks to new technology and the advent of the Internet, the frustrating days of an out of area property owner struggling to understand their second homes potential value – based on recently sold real estate comps in their neighborhood – are over; particularly here in Southern Utah.
In the not-too-distant past, an out of area property owner would have needed to order an expensive appraisal on their property… just to establish its value. Now, thanks to FlexMLS and broker reciprocity, Realtors, appraisers and owners alike can research the values of a property in an individual neighborhood. Comparing listed homes for sale to recently sold properties in their geographical market – as a means of establishing an appropriate value for their out of area property.
In order to help St. George’s out-of-area property owners understand their homes potential value, based on their neighborhoods recently sold comps; Utah MLS real estate has prepared this page specifically so that out-of-area property owners can see for themselves. Comparing their property to recently sold southern Utah homes.
Understanding that each single-family residential home, and the neighborhood in which they reside are unique. With each property offering its own distinctive qualities and amenities. Sellers can see for themselves what makes a specific property “pop” for some – and less desirable for others.
Bear in mind this is a simplistic, dumbed down description of some of the variables appraisers utilize in order to come up with a fair market value for your property. By understanding the recently sold comps in your neighborhood, and out of area property owner can get a ballpark estimate on the approximate value of their St. George Utah real estate.
47 Listings Close Escrow for More Than $18 million St. George, Utah – Realtors in Washington County closed escrow on forty-seven single family real estate listings last week. Per the Washington County Board of Realtors (WCBR) and the FlexMLS system, the 47 real estate transactions had a collective value of $18,893,963. In looking at last […]
St. George Realtors Sold 38 Properties Last Week. St. George, Utah – Despite the heat of summer, southern Utah’s Realtors have been busy over the past seven days. Selling just over $13 million in St. George, Utah, Real Estate, Washington County Realtors witnessed a ‘Median’ sales price of $309,533 – or $173 per square foot […]
Villa Bonita to Kachina Springs, southern Utah Realtors sell 54 homes over the past seven days. St. George, Utah – Several homes closed escrow in the subdivisions of Sun River St. George and Sun Country Meadows for the week of June 24, 2018. Selling for just under $19 Million, Washington County’s 54 sales had an […]