Homes in Kayenta, Shonto Point and Entrada were among the top listings sold during the week of May 14, 2018.
Valued at roughly $26.9 million, of last week 72 closed escrows – two of the highest priced sales occurred in Ivins, Utah.
Washington County, Utah – As I mentioned last week, prospective real estate investors in the St. George market might typically notice a seasonal nature to home sales. Ordinarily, the quest to find the perfect home starts during the St. George Parade of Homes in mid-February and dissipates by Father’s Day (June 17). But that’s under normal conditions – and these conditions are far from normal.
Thanks to a depleted MLS real estate inventory and threats of increased interest rates, last week’s 72 sales demonstrates our real estate market remains strong ( if not overheated) as we prepare for the lazy days of summer.
Southern Utah real estate sales – a week in review
The Washington County Board of Realtors (WCBR) Flex MLS statistics indicate a majority of last week’s successful real estate transactions closed escrow in less than a month: 42 properties sold in less than 30 days; 14 listings spent less than 60 days on the MLS; 4 took between 90 and 120 to close escrow. Leaving 8 of last week’s sold listings on the MLS for more than 121 days.
Between May 14 – May 19, 2018, the Average List Price of a home sold in southern Utah was $382,356, while the Average Sold Price was $374,024. Per the WCBR’s FlexMLS statistics, the Median List Price for a home sold in southern Utah last week was $329,712, and sold for an average price of $324,210.
Two real estate transactions in Ivins, Utah dominated last week’s sales. One home in the Kayenta subdivision was listed for $1,895,000 and sold for $1,810,000 in just under 48 days while another home in Shonto Point was listed for $1,180,000 and sold for $1,130,000 in just 51 days.
Kayenta, Shonto, Entrada: Realtors Sold 72 Homes Week of May 14
Top Five Sold St. George Real Estate Listings
- List Price: $1,895,000 – Sold Price: $1,810,000 – Days on Market: 48
- List Price: $1,180,000 – Sold Price: $1,130,000 – Days on Market: 51
- List Price: $998,000 – Sold Price $925,000 – Days on Market: 235
- List Price: $969,000 – Sold Price: $906,000 – Days on Market: 54
- List Price: $739,000 – Sold Price: $715,000 – Days on Market: 126
The above information is presented as a courtesy of Alex Yeager @ 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, the Flex MLS System, and the listing Realtor. * Information is deemed to be reliable but is not guaranteed. © 2016 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS.com on Sunday, May 20, 2018