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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

Anasazi, Kachina & The Ledges: 57 Sold In St. George Subdivisions

Southern Utah Realtors sold 57 real estate listings in St. George subdivisions over the past seven days.

Eagle’s Landing, Northbridge Estates, Castle Rock, and Anasazi Ridge at Entrada – in each St. George subdivision an MLS listing closed escrow for more than $500,000.

It’s Monday, May 22, 2017, and the surge in southern Utah real estate sales continues. Down from last week’s 59 sales but up on a seasonal average, the majority of this past week’s closed escrows occurred in less than 60 days. Receiving 97.89% of their Original List Price, those homes falling within the ‘Median’ price range spent an average of 31 ‘Collective Days on Market.’

Southern Utah Weekly Real Estate Statistics

southern Utah weekly real estate statistics – sold listings for the week of May 15, 2017

Some listings sell for more, some for less. Some receive full price offers, while others – not so much. Of last week’s 57 closed escrow’s, 28 completed the sales process within 28 days; 12 in less than 60 days; 7 under 90 days, and 9 homes closed escrow within 120 days of their original list date. Worthy of note, in looking at the Washington County Board of Realtors sales information for last week, those homes with an ‘Average’ list price had an average ‘Sold Price per Sq Ft’ price of $145. The interesting thing about that is, the average ‘List Price per Square Foot’ was $143. No doubt, a sign of reduced inventory and increased demand.

Southern Utah’s Realtors have closed escrow on $19,375,751 worth of real estate for $19,379,367 as of Monday, May 15, 2017.

Top Five Southern Utah Real Estate Listings

  1. List Price: $929,000 – Sold Price: $895,000 – Days on Market: 55
  2. List Price: $859,900 – Sold Price: $810,000 – Days on Market: 456
  3. List Price: $649,900 – Sold Price: $635,000 – Days on Market: 74
  4. List Price: $612,000 – Sold Price: $612,000 – Days on Market: 636
  5. List Price: $537,300 – Sold Price: $562,500 – Days on Market: 68

Top-five Sold Washington County real estate listings

St. George Subdivisions

Over the past seven days, escrows have successfully closed in the following St. George subdivisions: Anasazi Ridge at Entrada, Bella Terrazza Sunbrook, Bloomington Country Club, Bloomington Hills, Bloomington Ranches, Bristol Park townhomes, Canterwood Estates, Castle Rock, Coral Canyon, Cottonwood Coventry Lane, Desert Rose, Desert Sands, Eagles Landing, Esterlla, Graham, Heritage Estates, Highlands at Green Valley, Huntington at Stonebridge, Jedora Estates, Kachina Springs at Entrada, La Paloma Condos, La Venita, The Ledges At St. George – White Rocks, The Legacy at Southgate, Meadow Creek Estates, Meadow Valley Estates, Mill Creek Spring Townhomes, Northbridge Estates, Paradise Canyon, Paradise Vila Zion, Red Mountain States, Riverstone, Seven Suns, Silverstone Greensprings, Southpointe, Spring Hill Estates, Springfield Townhomes, Sun River, Sunset Plateau, Village The Heights, Hidden Valley Villas.

Anasazi, Kachina & The Ledges: 57 Sold In St. George Subdivisions

Sold St. George Utah Real Estate Listings Week of May 15, 2017

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, May 22 Of, 2017