Southern Utah Realtors in St. George successfully sold 25 listings last week. Considered either a single-family residential unit or a condominium/townhome, these properties totaled approximately $9 million in value.
Washington County, Utah – Down from last week’s total sales, the number of completed real estate transactions over the past seven days in St. George has fallen by five. Seemingly odd, this is traditionally a time of year when we see an overall increase in buying activity. The holiday season over and out, the New Year has begun, and the St. George Area Parade of Homes begins to attract the attention of potential buyers to Washington County.
Off to a slow start for February, the Southern Utahs real estate market will not stay down for long.
Utah continues to appeal to the burgeoning tech sector in the Provo/Ogden area, making for a booming housing market that’s set to continue into 2018. Ranked by the Miliken Institute as one of the best performing municipalities in the Beehive State, the areas housing values are being driven by a robust high-tech sector and broad-based job and wage growth.
Meanwhile, up north in Salt Lake City, the median home price averages $360,000, and the market is predicted to grow 3.2 percent in 2018.
Southern Utah Realtors Close Escrow On 25 Listings
As of last Monday, Realtors with the Washington County Board sold $9,305,664 in St. George real estate
Washington County ‘Sold’ Real Estate Statistics
Per the Washington County Border Realtors’ (WCBR) MLS system, for the week of February 5, the ‘Average’ price of a home sold in southern Utah was $372,226. Meanwhile, those listings within the ‘Median’ price range sold in southern Utah for approximately $310,000, and Washington County’s most affordable listing sold for approximately $100,000. Of last week’s 25 closed escrows, 11 listings spent less than 30 days on the WCBR MLS, 4 sold in less than 60 days, 2 closed escrow in less than 90 days, and another 6 took between 90 and 120 to officially close escrow. And two listings languished on the MLS for more than 121 days before finding the right buyer.
Top-Five Sold St. George Real Estate Listings
- List Price: $789,000 – Sold Price: $750,000 – Days on Market: 12
- List Price: $769,000 – Sold Price: $760,000 – Days on Market: 99
- List Price: $699,000 – Sold Price: $650,000 – Days on Market: 119
- List Price: $579,900 – Sold Price: $569,900 – Days on Market: 74
- List Price: $517,826 – Sold Price: $517,826 – Days on Market: 01
As of last Monday, the top five sold St. George Utah real estate listings occurred in the following subdivisions: Entrada, Paragon Cove Townhomes, Pine View Estates, Indian Oaks and The Ledges Of St. George.
The above information is presented as a courtesy of Alex Yeager and 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, Flex MLS, and the listing Realtor. All information is deemed to be reliable but is not guaranteed. © 2018 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Sunday, February 11.