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Southern Utah Weekly Real Estate Report, June 9, 2017

Southern Utah Weekly Real Estate Report and Statistics: June 19, 2017

It’s Monday, June 19, 2017, and over the past seven days, southern Utah’s Realtors have successfully closed 33 real estate transactions in Washington County.

Projected to increase approximately 7% over the next 12 months, Utah’s real estate prices remain under dramatic pressure as many discover all the Beehive State has to offer. With looming interest rate hikes, decreasing inventory, and motivated buyers scouring the Internet, finding that perfect home in southern Utah requires a collaborative effort between technology and perseverance.

Of last week’s sold real estate listings, 18 officially closed escrow in just under 30 days, 6 closed escrow in less than 60 days, and another six listings took up to 90 days. As is generally the case, this week’s sold luxury listings took a bit longer than the average home to find the right buyer. Example: The 4,117 ft.² home in Coyote Springs, listed for $131.14 per square foot … closed escrow 117 days later for $128.01 per square foot. More value than price per square foot dependent; the home in Red Mountain Estates is a perfect illustration. Originally listed for $749,900 – or $279.92 per square foot – that listing closed escrow after only 28 days, for $268 per square foot.

Southern Utah Weekly Real Estate Statistics for June 19, 2017

June 9, 2017 Washington County Real Estate Statistics

Eighteen of last week’s 33 successful real estate transactions in Washington County received their Real Estate Purchase Contract (REPC), concluded their contingency period (due diligence), and closed escrow within 30 days.

And because perceived value matters, the remaining 15 Southern Utah real estate listings took significantly longer to find their respective buyer and close escrow: 6 closed escrow b/t 31-60 days; 6 closed in under 90 days; 2 took up to 120 days, and 1 was on the Washington County Board of Realtors (WCBR) Multiple Listing System (MLS) for more than 6 months.

Selling $12,824,100 worth of prime Washington County real estate for $12,576,770 – 54.55% of last week’s closed escrows completed their transaction in less than 30 days, receiving 98.10% of the Original List Price (OLP).

Top Five Sold Southern Utah Real Estate Listings

June 9th Washington County Weekly Real Estate Report: Top Five Sold Real Estate Listings

  1. List Price: $ 1,175,000 – Sold Price:  $1,140,000 – Days on Market:  47
  2. List Price:  $799,900 – Sold Price:  $750,000 – Days on Market: 86
  3. List Price:  $749,900 – Sold Price:  $718,500 – Days on Market: 28
  4. List Price:  $550,000 – Sold Price:  $550,000 – Days on Market: 28
  5. List Price:  $539,900 – Sold Price:  $527,000 – Days on Market: 127

Southern Utah Weekly Real Estate Report and Statistics: June 19, 2017

 St. George Utah Sold Real Estate Listings

June 9, 2017 Washington County Weekly Real Estate Report: Sold Real Estate Listings

 

Last week’s 33 closed escrow occurred in the following Washington County subdivisions: Avalon Meadowood, Bloomington country club, Buena Vista, Chapel Ridge, Canyon Terrace Estates, Coyote Springs, Estates at Hidden Valley, Fieldstone, Foster Hills South, Graham, Mill Creek Cottages, Monterey Stonebridge, Mulberry Estates, Paiute Springs at Entrada, Red Mountain Estates, The Ridge at St. George, Riverstone, Road Runner Ridge, Sage Creek, Santa Clara Heights, Santa Fe Red Cliffs, Shadow Bluff, Shadow Mountain, Stone Cove, Stone Point Townhomes, Sunriver, and The Vistas at Entrada.

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, June 19, 2017

Washington County Real Estate Report

Southern Utah Real Estate Report: Washington County Closed Escrows

Successfully navigating the Real Estate Purchase Contract Agreement (REPC) and it’s required buyer Due Diligence period, 39 single-family residential real estate listings have successfully closed escrow over the past seven days.

It’s Halloween – October 31, 2016; while the ‘Tiny Home’ craze catches on in Pleasant Grove, and the STEM-rich municipalities of Northern Utah continue to attract new tech startups – thanks to the Beehive State’s educated workforce – last week’s closed escrows for southern Utah occurred between $495,000 and $150,000.

According to the Washington County Board of Realtors and our FlexMLS system, last week’s top sale recorded by the MLS (for a single family residential (SFR) home or townhome/condominium) occurred in the beautiful subdivision of Tonaquint Terrace.

Sold St. George Real Estate

In examining our southern Utah real estate market on a year-over-year basis, we see this time last year there were a total of 1080 ‘Active’ real estate listings, as compared to this year’s total of 878. Representing an 18% decrease in Washington County’s overall real estate inventory for single-family residential listings for 2016. Also notably anemic, this time last year Southern Utah’s Realtors had successfully sold $18,496,051 worth of single-family residential real estate listings in ‘Greater St. George’. Representing a 52% decrease on a year-over-year basis, our Southern Utah Realtors have thus far only closed $8,782,159 worth of SFR.

Top-Five Closed Real Estate Listings

  1. List Price: $499,900 – Sold Price: $495,000 – Days on Market: 38
  2. List Price: $449,500 – Sold Price: $420,000 – Days on Market: 43
  3. List Price: $350,000 – Sold Price: $359,337 – Days on Market: 14
  4. List Price: $369,900 – Sold Price: $357,500 – Days on Market: 19
  5. List Price: $368,800 – Sold Price: $353,000 – Days on Market: 455

  Washington County Subdivisions

Last week’s closed escrows for Washington County occurred in the following Southern Utah subdivisions: Anthem estates, Avalon Meadowood, Bella Vista Stone Mountain, Bloomington Country Club, Bloomington Hills, Bloomington Knowles, Bristol Park, Buena Vista, Casa Grande, Eagle Rock, Fox Cove, Heights West, Hidden Valley, Highland Park Coral Canyon, Ironwood, Majestic View, Morningside, Painted Desert, Pioneer Crossing, Prairie Hollow, Pueblo Bonito, Red Rock Canyon, Riverstone, Sage Wood Seven Hills, Santa Clara Heights, ShadowBrook Homes, Sports Village, Sunset Plateau, and Tonaquint Terrace.

Southern Utah Closed Escrows: Washington County Real Estate Report
Price | Status | MLS #List PriceSold PriceSold DateDays On MarketList/Sold Price Sqft

1

$495,000
1112 W 2400 S
St George, UT 84790
Closed / 16-178215  

499,900495,00010/24/201638103.46 / 102.44

2

$420,000
2045 W MOONGLOW Place
St George, UT 84770
Closed / 16-178254  

Status Change

449,500420,00010/28/201643139.94 / 130.76

3

$359,337
3861 Sweetwater Drive
Santa Clara, UT 84765
Closed / 16-177139  

350,000359,33710/25/20161145.71 / 149.6

4

$357,500
1334 HAGEN
St George, UT 84790
Closed / 16-178754  

Status Change

369,900357,50010/26/20161980.59 / 77.89

5

$353,000
1427 MONTICELLO Circle
St George, UT 84790
Closed / 15-167651  

Status Change

368,800353,00010/28/2016455145.6 / 139.36

6

$340,000
3040 S Camino Real
Washington, UT 84780
Closed / 16-177970  

Status Change

359,900340,00010/28/201676112.93 / 106.68

7

$337,541
1040 E 3685 S
Washington, UT 84780
Closed / 15-170848  

308,500337,54110/25/2016241127.22 / 139.19

8

$334,900
2214 S 1300 W
St George, UT 84790
Closed / 16-175634  

Status Change

339,900334,90010/26/201611148.88 / 146.69

9

$329,247
949 W 4050 Street S
St George, UT 84790
Closed / 16-172237  

284,000329,24710/25/2016174131.18 / 152.08

10

$325,000
2728 E CROSS POINT Drive
Washington, UT 84780
Closed / 16-177446  

Status Change

339,900325,00010/27/201672167.6 / 160.26

11

$313,310
110 S CHALON Drive LOT 80
St George, UT 84770
Closed / 16-175219  

Status Change

327,900313,31010/26/2016162168.15 / 160.67

12

$307,624
3519 S 1470 W
St George, UT 84790
Closed / 16-172383  

319,900307,62410/25/2016256150.83 / 145.04

13

$300,000
569 E FLORENCE Drive
Washington, UT 84780
Closed / 16-175002  

Status Change

309,600300,00010/26/2016178171.43 / 166.11

14

$292,000
2255 E 2480 S
St George, UT 84790
Closed / 15-170447  

299,900292,00010/25/2016169130.79 / 127.34

15

$274,000
250 SNOW CANYON Unit #16 Drive
Ivins, UT 84738
Closed / 16-178151  

Status Change

279,900274,00010/25/201644153.2 / 149.97

16

$255,900
234 S 2170 E
St George, UT 84790
Closed / 16-179380  

Status Change

249,900255,90010/28/20163143.54 / 146.98

17

$252,500
312 W 225 S
Ivins, UT 84738
Closed / 16-178593  

259,900252,50010/25/201622124.65 / 121.1

18

$250,000
1121 OLEANDER Circle
St George, UT 84790
Closed / 16-177021  

Status Change

249,999250,00010/25/201698138.89 / 138.89

19

$249,900
1754 N RED MOUNTAIN Drive
Santa Clara, UT 84765
Closed / 16-177515  

249,900249,90010/24/20166499.64 / 99.64

20

$246,500
1715 N 2190 W
St George, UT 84770
Closed / 16-179208  

Status Change

249,900246,50010/25/201614147 / 145

21

$235,000
471 E 200 S
Ivins, UT 84738
Closed / 16-179105  

Status Change

235,000235,00010/25/20165153.59 / 153.59

22

$230,000
2047 W 1860 N
St George, UT 84770
Closed / 16-179969  

245,000230,00010/25/20169151.99 / 142.68

23

$220,000
3758 NICHOLAS Drive
Santa Clara, UT 84765
Closed / 16-174541  

225,000220,00010/25/201641115.74 / 113.17

24

$220,000
1054 N JEFFERSON Street
St George, UT 84770
Closed / 16-176776  

229,000220,00010/24/20168997.08 / 93.26

25

$220,000
930 N 2000 E
St George, UT 84770
Closed / 16-178871  

Status Change

224,000220,00010/28/20166153.42 / 150.68

26

$215,000
77 E SKYLINE Drive
St George, UT 84770
Closed / 16-178090  

239,900215,00010/24/20164499.01 / 88.73

27

$199,900
1050 E Brigham Road #70
St George, UT 84790
Closed / 16-178140  

Status Change

199,900199,90010/28/201635110.2 / 110.2

28

$191,000
511 S 660 E
Ivins, UT 84738
Closed / 16-179459  

199,900191,00010/25/201611150.53 / 143.83

29

$187,000
85 W 200 S
Washington, UT 84780
Closed / 16-178880  

192,000187,00010/24/20168181.47 / 176.75

30

$185,000
860 S Village Road #u-11
St George, UT 84770
Closed / 16-179509  

185,000185,00010/26/201610165.92 / 165.92

31

$182,000
150 N 1100 E #55
Washington, UT 84780
Closed / 16-178659  

189,900182,00010/25/20167120.34 / 115.34

32

$179,900
770 S 900 E
St George, UT 84790
Closed / 16-179535  

Status Change

179,900179,90010/27/201610119.93 / 119.93

33

$176,000
433 N Prickly Pear Drive
Washington, UT 84780
Closed / 16-178933  

Status Change

179,000176,00010/28/201618138.33 / 136.01

34

$176,000
2930 E 450 N #F43
St George, UT 84790
Closed / 16-179447  

Status Change

177,500176,00010/25/20164126.24 / 125.18

35

$170,000
970 E 700 S #2
St George, UT 84790
Closed / 16-177994  

Status Change

174,900170,00010/27/201628119.47 / 116.12

36

$160,000
1399 Santa Clara Parkway
Santa Clara, UT 84765
Closed / 16-178149  

169,900160,00010/24/20163979.69 / 75.05

37

$155,000
3079 Canyon View Drive
Santa Clara, UT 84765
Closed / 16-176433  

180,000155,00010/25/20169489.42 / 77

38

$155,000
55 W 400 #14
St George, UT 84770
Closed / 16-178677  

157,000155,00010/24/201616122.66 / 121.09

39

$150,000
3155 S Hidden Valley #344
St George, UT 84790
Closed / 16-179439  

Status Change

152,900150,00010/26/201613106.92 / 104.9

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 Saturday, October 31

Southern Utah Weekly Real Estate Sales Report: July 11 – July 18

St. George, Utah – it’s Monday, July 18, and over the past seven days, 46 St. George Utah real estate listings have closed escrow, according to the Southern Utah Weekly Real Estate Sales Report and FlexMLS.

Over the past seven days TheStreet has proclaimed Brexit has an upside for American REITs, The NY Times has warned the 15 year average return of 10.5% annualized may be hard for some specific REIT sectors to maintain in the near future, and CNBC has reported what most already knew – the Silicon Slopes are set to streak past the Silicon Valley for future high-tech VC startups.

As for southern Utah’s past seven days of real estate activity, listed as either a single-family residential listings or as a townhome / condominium, the 46 closed escrow had five MLS listings close escrow between $787,000 – $535,000; ten MLS listings between $507,000 – $328,305; leaving the remaining 31 sales closing between $324,000 – $125,000.

Top-Five Real Estate Sales in Southern Utah

List Price: $829,000 – Sold Price: $787,000 – Days on Market: 113

List Price: $669,000 – Sold Price $$613,000 – Days on Market: 145

List Price: $625,000 – Sold Price: $601,600 – Days on Market: 27

List Price: $649,000 – Sold Price $600,000 – Days on Market: 119

List Price: $597,500 – Sold Price: $535,000 – Days on Market: 336

The prior week’s real estate activity occurred in the following southern Utah subdivisions: Anthem Estates, Avalon Meadowood, Bloomington Hills, Canterwood Estates, Copper Canyon, Copper Hills, Coral Canyon, Cottage Fossil Hill, Desert Hills, Desert Rose, Desert Sands, Desert View Townhomes, Discovery, Estates Hidden Valley, Foremaster Ridge, Fosters Hills South, Hermosa Pueblo Townhomes, Highland Park Coral Canyon, Last Sun Green Spring, The Ledges of St. George, Lexington Hills Townhomes, Majestic Sunset, Majestic View, Pelican Hills Condo, Point West Estates, Shadow Canyon, Silkwood, Sunriver, Terrace at Green Springs, Toroweap Entrada, and Town Oaks.

 Southern Utah Weekly Real Estate Sales Report: July 11 – July 18

Southern Utah Weekly Real Estate Sales Report: July 11 – July 18

Southern Utah Weekly Real Estate Sales Report: July 11 – July 18

Price | Status | MLS #List PriceSold PriceSold DateDays On MarketList/Sold Price Sqft

1

$787,000
236 S EASTRIDGE Drive
St George, UT 84790
Closed / 16-173488  

Status Change

829,000787,00007/15/2016113165.4 / 157.02

2

$613,000
1691 W RED CLOUD Drive
St George, UT 84770
Closed / 15-172020  

669,000613,00007/12/2016145154.43 / 141.51

3

$601,600
863 Royal Sceptor Way
Washington, UT 84780
Closed / 16-175483  

625,000601,60007/11/20162785.42 / 82.22

4

$600,000
680 W FAIRWAY Drive
Washington, UT 84780
Closed / 16-173515  

Status Change

649,000600,00007/15/2016119222.26 / 205.48

5

$535,000
2933 S KINGS COURT Lane
Washington, UT 84780
Closed / 15-167757  

Status Change

597,500535,00007/13/2016336203.79 / 182.47

6

$507,000
2085 N Tuweap Drive 63
St George, UT 84770
Closed / 15-162866  

Status Change

519,000507,00007/12/2016506202.89 / 198.2

7

$490,000
1821 N Mountain View Court
Washington, UT 84780
Closed / 16-172249  

Status Change

499,900490,00007/15/2016162177.02 / 173.51

8

$425,667
1415 W Silk Berry Circle
St George, UT 84790
Closed / 16-175906  

425,900425,66707/12/20162246.76 / 246.62

9

$419,021
1435 W Garnet Ridge Drive
St George, UT 84790
Closed / 16-176056  

419,900419,02107/12/20168190.69 / 190.29

10

$391,752
1896 W SUNSTAR Drive
St George, UT 84790
Closed / 16-174334  

399,900391,75207/11/201685133.7 / 130.98

11

$384,000
2673 E 3330 S
St George, UT 84790
Closed / 16-173531  

Status Change

384,900384,00007/14/2016121116.04 / 115.77

12

$375,000
109 S BRIDGE POINT Way
St George, UT 84770
Closed / 16-177424  

Status Change

375,000375,00007/15/20161190.45 / 190.45

13

$369,900
1960 N Overland Trails
Washington, UT 84780
Closed / 16-174929  

Status Change

379,900369,90007/13/201674155.76 / 151.66

14

$340,450
386 E PARIS Drive
St George, UT 84790
Closed / 16-175957  

Status Change

344,000340,45007/12/20161087.6 / 86.69

15

$328,305
Lot 74 Chalon Drive
St George, UT 84790
Closed / 16-173168  

324,900328,30507/12/201688160.44 / 162.13

16

$328,000
3655 PRICE HILLS
St George, UT 84790
Closed / 15-170467  

Status Change

332,900328,00007/11/2016182118.18 / 116.44

17

$324,000
51 S 2110 EAST
St George, UT 84790
Closed / 16-174933  

324,900324,00007/12/201636104.17 / 103.88

18

$305,447
289 E DESERT ROSE Way
Ivins, UT 84738
Closed / 16-177404  

271,200305,44707/13/20168144.87 / 163.17

19

$295,440
923 E 3685 S
Washington, UT 84780
Closed / 16-177162  

270,900295,44007/13/20161125.13 / 136.46

20

$290,000
3028 Sweetgum Circle
St George, UT 84790
Closed / 16-176235  

294,000290,00007/12/2016281.44 / 80.33

21

$289,900
1682 W Bonita Bay Drive
St George, UT 84790
Closed / 16-172836  

299,900289,90007/11/2016140156.52 / 151.3

22

$277,989
Desert Rose Way
Ivins, UT 84738
Closed / 15-170754  

Status Change

250,500277,98907/14/2016167150.9 / 167.46

23

$254,500
140 N Tuacahn Drive 19
Ivins, UT 84738
Closed / 16-176284  

259,900254,50007/11/20167151.46 / 148.31

24

$254,000
584 S 170 W
Ivins, UT 84738
Closed / 16-173154  

Status Change

259,000254,00007/12/2016126147.49 / 144.65

25

$245,000
2034 E 180 SOUTH Circle
St George, UT 84790
Closed / 16-176525  

Status Change

249,900245,00007/13/20161122.56 / 120.16

26

$242,400
959 Larkspur Road
St George, UT 84790
Closed / 16-174715  

Status Change

249,900242,40007/15/201643125.96 / 122.18

27

$237,510
40 S 2110 Circle E
St George, UT 84790
Closed / 16-174708  

Status Change

239,900237,51007/14/201635155.07 / 153.53

28

$228,900
273 S 230 W
Ivins, UT 84738
Closed / 16-176509  

Status Change

228,900228,90007/15/20168149.22 / 149.22

29

$228,000
1899 S POMMEL Circle
Washington, UT 84780
Closed / 16-176238  

Status Change

228,000228,00007/14/201615140.31 / 140.31

30

$222,000
136 E 625 SOUTH Circle
Ivins, UT 84738
Closed / 16-175460  

Status Change

219,000222,00007/11/201611153.47 / 155.57

31

$220,000
321 N DONLEE
St George, UT 84770
Closed / 16-174737  

Status Change

224,000220,00007/13/201681123.96 / 121.75

32

$214,050
1630 E 2450 S #235
St George, UT 84790
Closed / 16-176322  

Status Change

219,900214,05007/14/201616146.5 / 142.6

33

$213,000
810 S Dixie Drive 1327
St George, UT 84770
Closed / 15-163437  

Status Change

222,000213,00007/12/2016566147.61 / 141.62

34

$207,980
4362 S KNOB OAK Drive
St George, UT 84790
Closed / 16-174131  

Status Change

214,900207,98007/12/201680161.22 / 156.02

35

$205,000
335 W 125 S
Ivins, UT 84738
Closed / 16-176257  

212,000205,00007/12/20166187.28 / 181.1

36

$203,500
302 W Diagonal
St George, UT 84770
Closed / 16-176892  

209,900203,50007/12/20164119.81 / 116.15

37

$200,400
91 W 400 S
Ivins, UT 84738
Closed / 16-175604  

Status Change

199,900200,40007/14/201611143.09 / 143.45

38

$197,500
2580 E HILLTOP LEDGE
Washington, UT 84780
Closed / 16-176566  

199,900197,50007/11/20168191.29 / 189

39

$190,000
2192 E 110 NORTH Circle
St George, UT 84790
Closed / 16-176461  

Status Change

190,000190,00007/15/201610143.29 / 143.29

40

$184,000
1630 E 2450 #260
St George, UT 84790
Closed / 16-176731  

Status Change

189,900184,00007/13/20162154.39 / 149.59

41

$158,400
3419 S RIVER Road #101
St George, UT 84790
Closed / 16-174865  

158,400158,40007/11/201630108.12 / 108.12

42

$158,000
1272 W 360 #b
St George, UT 84770
Closed / 16-176017  

Status Change

165,000158,00007/15/201614138.77 / 132.88

43

$146,000
376 E 300 S #1
St George, UT 84770
Closed / 16-175471  

146,000146,00007/11/20161879.78 / 79.78

44

$145,000
1735 W 540 #2401
St George, UT 84770
Closed / 16-175091  

Status Change

145,000145,00007/15/201647105.61 / 105.61

45

$144,000
2434 E 480 NORTH Circle
St George, UT 84790
Closed / 16-176237  

Status Change

144,000144,00007/14/201616133.33 / 133.33

46

$125,000
777 S 400 E #44
St George, UT 84770
Closed / 16-176802  

Status Change

130,000125,00007/15/2016788.44 / 85.03

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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.

*Information is deemed to be reliable, but is not guaranteed. © 2015 435MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on July 18, 2016.

( All Photos Provided By Listing Realtors And Flex MLS)