Southern Utah Real Estate Activity: New
St. George, Utah – it’s Monday, October 27, 2014 and there are 36 new Active listings on the Washington County Board of realtors MLS system. Under $100,00 we see 8 new listings. Between $119,000 and $350,000 there are 22 new listings – and at the top end of todays MLS hot sheet we see an additional 16 new properties between $365,000 and $3,185,000 looking for owners.
Southern Utah Real Estate Activity: Pending
In addition to a swarm of new inventory on the active side of the MLS, from 10/24 to 10/27, 22 Southern Utah MLS listings received and accepted REPC (real estate purchase contract). Upon closer examination of the pending list, we see three properties under $150,000 which now have an accepted contract, nine properties between $175,000 and $350,000 that have been put under contract, and an additional 10 properties between $365,000 and $690,571 which must now wait patiently to close escrow.
Southern Utah Real Estate Activity: Sold
Going out on a high note, from October 24, 2014 through October 27, 2014, 19 properties successfully closed escrow (COE). Of the 19 newly closed escrows over that three-day period, nine were below $150,000, with an additional nine properties closing between $163,989 and $770,000.
Today’s Real Estate News in Summary: On the rebound, REITs surge 13.7% topping $1.003 trillion, and while some “experts” are claiming the US real estate market is slumping, others like Zillow are cleaning up the housing market is merely returning to normal.