St. George Utah Real Estate Market Conditions | September 2014
With only two months to go before 2014 ends with a thud and the September St. George Utah real estate market conditions and statistics remain stable. Taking a quick glance at the current inventory, we see that the greater St. George Utah area – including Santa Clara, Ivins, Washington, Hurricane, Brookdale, and Pine Valley – have 1,220 Active single-family and or condo/townhomes for sale; with additional an289 listings currently in a pending status on the Washington County Board of realtors MLS.
Active / Sold Listings
The St. George Utah real estate market has definitely witnessed some dramatic highs and lows recently. For the month of September Realtors in Southern Utah sold 280 listings, representing a significant decline over last years 301 sold properties for the month of September. During the month of September a total of 2005 Active Listings were put on the MLS in the hopes of being sold, skyrocketing up from last year’s September Active Listings of 1691.
Days On Market
With the holiday seasons just around the corner, it’s critical for home sellers in the southern Utah area to understand that historically, the holiday season means increased “Days on Market.” In comparing the average days on market for a listing in September, we see a properly priced home only lasting approximately 78 days. That same home, with the same agent and the same list price could expect to spend an additional 20 days on the MLS if they listed in January.
Popular Price Range
St. George Utah’s real estate inventory under $300,000 remains strong. As Southern Utah’s housing inventory gets picked over, those with access to the MLS can easily see that the most desirable price range continues to be $300,000 and less. In examining the below data set we see the past 30 days of MLS activity in the Southern Utah area. The below list demonstrates those homes priced under $200,000 had the most buyers competing for their property – continuing a long and healthy trend. As a general rule of thumb, most homebuyers feel comfortable in this price range. Generally looking for approximately 1800 ft.² in a flexible floor plan, today’s buyers want homes that backup to open space in newer communities. Additionally, one of the requests I hear more often than not from my out of area buyers … is to keep them out of any PUDs (planned unit development) and any community that has an HOA (homeowners Association).
Real Estate Remains Vibrant
In looking at the residential data sets provided by the Washington County Board of Realtors, we see the housing sector in southern Utah is holding its own. As the number of active listings remains steady and the absorption rate continues to slowly increase, the days on market for a properly priced homes have fallen sharply. With a 2.91% increase, the median priced home sold in southern Utah jumped from $232,000 in 2013 to $249,000 in 2014.
In summation – the proper price is critical to getting your home sold in southern Utah. With golf courses, nature and a plethora of fun things to do nearby, St. George Utah real estate has never really been that hard to sell, provided it’s properly listed. Should you have a home that you would like to get “sold” give Alex Yeager of Fidelity Real Estate St. George a call … toll-free 844–677–7873.