Realtors in the greater St. George area sold more than $16 million worth of real estate during the first week of October.
St. George, Utah – Over the past seven days, our conscientious Realtors in southern Utah have successfully closed 49 escrows in Washington County. Classified as either a single-family residential house or a condo/townhouse, last week’s sales started at approximately $123K on the low-end … and peaked just north of $1.4 million.
$16 Million in Seven Days –
Confident, steadfast, and offering their eventual buyers few inducements, a recent report published by the National Association of Realtors (NAR) indicates sellers are doing precious little to incentivize the home buying process. Nationally, 80 percent of all home seller’s felt no need to participate in the buyer’s closing costs, home warranty purchase, modifications, or “Condo Fees.”
— NAR Media Relations (@NARMedia) October 6, 2017
Southern Utah Weekly Real Estate Statistics: Week of October 2, 2017
Southern Utah real estate listings for sale during the first week of October had an ‘Average List Price’ of $338,134 and an ‘Average Sold Price’ $333,715. Sold, after spending less than 40 ‘Collective Days on Market,’ (CDOM), those real estate listings falling within the “Average” category received 98.65% of their OLP (Original List Price) – and typically sold for approximately $146 per square foot.
Median priced housing in southern Utah for the first week of October typically sold in less than 25 days, when properly priced. With an average “Median” List Price per Square Foot of $145, these listings typically closed for 98.25% of their original list price.
Top Five Sold Southern Utah Real Estate Listings
- List Price: $1,465,000 – Sold Price: $1,461,044 – Days on Market: 09
- List Price: $795,000 – Sold Price: $795,000 – Days on Market: 97
- List Price: $570,964 – Sold Price: $570,964 – Days on Market: 01
- List Price: $499,900 – Sold Price: $499,000 – Days on Market: 21
- List Price: $499,900 – Sold Price: $487,500 – Days on Market: 18
Washington County Weekly Real Estate Report: Sold Homes
For the first week of October, Realtors with Washington County Board closed escrow in the following subdivisions: Black Hawk townhomes, Bloomington Country Club, Bloomington Hills, Chaparral Ridge (Two), Château Meadows, Canyon Terrace Estate, Coral Canyon (Two), Cottages North, Discovery, Eagle Rock, Garden Grove Townhomes, Gentry Lane, Heights West, Indian Springs, Kachina Springs East, Kwavasa, Meadows At Stucki Farms, Morningside Park, Northbridge, Mulberry Estates, Olive Grove, Parkside, Pioneer Crossing, The Reserve at Green Springs, Ridgepointe, Sage Creek, Scenic Sunrise (Two), Springfield Townhomes (Two), Downtown St. George (Two), Sugarplum In the Fields (Two), Sun River (Two), Sun Valley Condos, Suncrest Townhomes, Sycamore, Tonaquint Valley, Tupelo (Two), Vista Grande Townhomes, and Washington Hollow Estates.
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. © 2016 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Monday, October 9, 2017