Washington County Realtors in Southern Utah sold 49 real estate listings totaling more than $15 million, as of last Monday.
St. George, Utah – from southern Utah’s housing inventory to our generational and regional shift in buyers, here are a few Washington County real estate trends that will likely occur, or reoccur in the St. George real estate market during 2018. Buckle up buckaroo – it’s projected to be an exciting ride for most.
The GOP’s proposed modifications to the existing tax structure would likely change a lot – but as elected officials in both the House and Senate worry about their constituents reactions, the jury remains out on the fate of this tax “reform” bill. Either way, these Southern Utah real estate trends will be a game changer in 2018: St. George’s real estate inventory will finally begin to catch up with demand; 43% of millennial’s are anticipated to apply for a mortgage by the end of 2018 – a 3% uptick from 2017 mortgage origination statistics; tax reform will likely push homeowners away from coastal cities.
With that caveat given, Realtors in St. George, Utah sold $15,800,135 in real estate over the past seven days.
St. George Utah Real Estate Statistics
According to the WCBR (Washington County Board of Realtors) MLS system, as of Dec. 17, the ‘Average’ price of a home sold in southern Utah was $322,451; the ‘Median’ home price in southern Utah was $283,000, and Washington County’s most affordable listing sold for $65,300 last week. Of last week’s 49 closed escrows, 29 St. George real estate listings spent less than 30 days on the WCBR MLS, 8 sold in less than 60 days, 2 closed escrow in fewer than 90 days, and another 4 took b/t 90 and 120 to close. Regardless of our active real estate market during the Season of Giving, 6 southern Utah real estate listings took more than 121 days to eventually sell.
Top 5 Sold St. George Real Estate Listings
List Price: $2,495,000 – Sold Price: $2,350,000 – Days on Market: 38
List Price: $739,000 – Sold Price: $700,000 – Days on Market: 07
List Price: $489,900 – Sold Price: $480,000 – Days on Market: 210
List Price: $479,000 – Sold Price $444,930 – Days on Market: 13
List Price: $408,257 – Sold Price: $408,257 – Days on Market: 01
For the week of Dec. 11, 2017, the top five sold St. George Utah real estate listings occurred in the following subdivisions: The Reserve at Entrada, Kachina Springs at Entrada, Lava Cove at Entrada, Bloomington Ranches, and the Reserve at Green Spring.
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.17, 2017.