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Sold Washington County Utah Real Estate

Sold St. George Utah Real Estate: Green Springs, Sun River and 28 more

While there are currently 548 single-family residential real estate listings for sale on the Washington County Board of Realtors MLS system between $127,000 and $4M, only 30 single-family residential listings have successfully closed escrow (Sold) over the past seven days.

Topping the ‘Sold’ side of the local MLS (multiple listing service) was a sale from the beautiful subdivision in Washington City, known as of the Last Sun at Green Springs.

It’s Monday, February 20, 2017 – which means it’s time for me to disseminate some useful information … and for you to exercise a little “due diligence.”

Average/ Median Sold Washington County Real Estate Price

In doing the math for last week’s 30 closed escrows, we see the average sales price was $276,364 and the median sales price was $251,950.

 Washington County Average Real Estate Sales Price

Average and Medium Sold Price

Top 5 Southern Utah Real Estate Sales

  1. List Price: $699,000 – Sold Price: $685,000 – Days on Market: 47
  2. List Price: $467,337 – Sold Price: $467,248 – Days on Market: 01
  3. List Price: $419,900 – Sold Price: $419,900 – Days on Market: 155
  4. List Price: $414,900 – Sold Price: $414,978 – Days on Market: 34
  5. List Price: $409,900 – Sold Price: $409,900 – Days on Market: 92

Sold Washington County Real Estate

 

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

1

$685,000
1607 N 590 W
Washington, UT 84780
Closed / 16-180996  

Status Change

699,000685,00002/17/201747212.33 / 208.08

2

$476,248
3882 S 2460 E
St George, UT 84790
Closed / 16-180584  

467,337476,24802/13/20171123.73 / 126.09

3

$419,900
4253 S Kestral Drive
St George, UT 84790
Closed / 16-178263  

419,900419,90002/14/2017155198.44 / 198.44

4

$414,978
1054 W LAS COLINAS Drive
St George, UT 84790
Closed / 17-182294  

Status Change

414,900414,97802/17/201734191.64 / 191.68

5

$409,900
2496 S 2310 EAST Circle
St George, UT 84790
Closed / 16-179168  

409,900409,90002/14/20179295.39 / 95.39

6

$393,114
1166 W RIVERSTONE Circle
St George, UT 84790
Closed / 17-181947  

393,000393,11402/13/20173209.94 / 210

7

$355,000
152 W 520 S
Ivins, UT 84738
Closed / 17-181619  

359,900355,00002/15/20174165.32 / 163.07

8

$309,271
3219 E CRIMSON RIDGE Drive
St George, UT 84790
Closed / 16-178235  

288,000309,27102/15/201772143.28 / 153.87

9

$299,000
410 E STEEPLECHASE Road
Washington, UT 84780
Closed / 16-181337  

Status Change

299,000299,00002/16/201710160.41 / 160.41

10

$298,000
429 N 1660 WEST Circle
St George, UT 84770
Closed / 16-179102  

Status Change

307,000298,00002/15/2017115154.12 / 149.6

11

$290,876
4522 S Hiko Springs
St George, UT 84790
Closed / 16-178892  

Status Change

299,500290,87602/14/2017160174.23 / 169.21

12

$285,000
2572 E Wilderness Gate #119
Washington, UT 84780
Closed / 16-180970  

Status Change

299,000285,00002/16/201741156.96 / 149.61

13

$278,233
3975 RACHEL Drive
Santa Clara, UT 84765
Closed / 17-182387  

Status Change

278,233278,23302/16/20171159.81 / 159.81

14

$257,000
1845 W Canyon View #909
St George, UT 84770
Closed / 16-176353  

265,000257,00002/14/2017219197.32 / 191.36

15

$254,000
581 N MOONGLOW Place
St George, UT 84770
Closed / 17-182220  

Status Change

259,900254,00002/17/20172125.98 / 123.12

16

$249,900
650 N Red Stone Road #11
Washington, UT 84780
Closed / 16-180190  

249,900249,90002/13/201752140.87 / 140.87

17

$237,500
821 S 600 Circle E
St George, UT 84770
Closed / 16-180707  

237,500237,50002/13/201728137.28 / 137.28

18

$235,000
269 Playa Della Rosita
Washington, UT 84780
Closed / 17-181339  

Status Change

238,000235,00002/16/201711116.1 / 114.63

19

$229,000
222 S MAIN Street
Washington, UT 84780
Closed / 16-180756  

237,500229,00002/14/201745113.1 / 109.05

20

$208,000
225 N Country Lane #93
St George, UT 84770
Closed / 16-180381  

219,900208,00002/14/201784149.59 / 141.5

21

$200,000
4771 S Cattail Way 505
Washington, UT 84780
Closed / 17-182054  

Status Change

202,900200,00002/16/20174283.78 / 279.72

22

$190,000
150 N 1100 E #4
Washington, UT 84780
Closed / 16-181248  

Status Change

193,900190,00002/15/201719122.88 / 120.41

23

$189,900
554 E 200 #10
St George, UT 84770
Closed / 17-181617  

189,900189,90002/15/20174139.33 / 139.33

24

$175,000
438 N Stone Mountain Drive #7
St George, UT 84770
Closed / 16-180338  

175,000175,00002/13/20174286.46 / 86.46

25

$175,000
210 N Mall Drive #48
St George, UT 84790
Closed / 17-181669  

Status Change

175,000175,00002/17/20176121.95 / 121.95

26

$165,900
970 E 700 S #12
St George, UT 84790
Closed / 17-181639  

Status Change

174,900165,90002/17/201714124.93 / 118.5

27

$163,800
370 W Buena Vista #98
Washington, UT 84780
Closed / 16-180829  

170,000163,80002/13/20175126.77 / 122.15

28

$157,000
351 S Valley View Drive #4
St George, UT 84770
Closed / 17-181495  

Status Change

155,000157,00002/16/201712138.02 / 139.8

29

$151,500
970 E 700 S #22
St George, UT 84790
Closed / 17-181717  

Status Change

149,900151,50002/17/20178119.82 / 121.1

30

$137,900
695 N 500 W #19
St George, UT 84770
Closed / 16-179751  

139,900137,90002/15/20173193.27 / 91.93

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 Alex Yeager, 435MLS on Monday, February 20, 2017

Southern Utah Real Estate Statistics

October St. George Utah Real Estate Market Statistics: So Far, So Good!

St. George, Utah – it’s October 20, 2016, and since the beginning of the year, real estate activity in southern Utah has been on a tear. With a 7-point increase in closed escrows for condominiums/townhomes, and a 16-point increase for single-family listings placed under contract, 2016 will be remembered fondly by most Realtors on the Washington County Board.

With the third debate from the 2016 election thankfully over, it’s time to get back to the business at hand, crunching numbers, disseminating information and preparing for the holidays.

Single-family residential listings statistics – under contract

Since January 1, 2016, there has been a total of 1963 single-family residences placed under contract in the greater St. George Utah area, representing a 16-point increase on a year-over-year basis from 2015’s 1688 homes placed under contract.

 October 2016 Southern Utah real estate statistics

Single-family residential listings statistics – closed escrows

By this point during 2015, there had been a total of 1619 single-family residential listings that successfully COE (closed escrow), as compared to this year’s 1799 closed escrows – representing an 11% increase in close escrows.

Dropping from a 5.45 to 4.13, Southern Utah’s real estate absorption rate as declined 24.63% on a year-over-year basis. Meaning, if no other listings were to be made available for sale on the multiple listing service(MLS) – we would run out of inventory and 4.13 months. Understanding that supply and demand dictates price, this reduced inventory has led to an average year to date list price of $345,091 for 2016, and an average sales price of $269,762.

Southern Utah Real Estate Summary Statistics

washington_county_real-estate_statistics_october_2016

  • Absorption Rate 4.13
  • Average list Price $428,782
  • Median List Price $324,900
  • Average Sales Price $277,749
  • Median sales price $237,950
  • Average Collective Days on Market 81
  • Median Collective Days on Market 29

As the holiday’s approach and our buyer’s retreat, the total number of available residential real estate listings in southern Utah has dipped below 1800, representing just over four months worth of available inventory. Thanks to historically low-interest rates, Southern Utah’s real estate market is seeing prices go up, the number of listings going down, and the total Days On Market for the average real estate listing holding steady at just under 80 days. Causing southern Utah’s real estate values to appreciate nicely since the beginning of the year.

southern_utah_real_estate_statistics

 Washington County real estate report October 2016

With southern Utah’s real estate inventory depleted and buyers anxious, we see 370 out of 395 deals successfully closed during September 2016. Of those successfully closed Washington County real estate listings, 5 occurred below $50,000, 12 occurred between 50,000 – $100,000, 43 real estate listings closed escrow between 100,000 – $149,999, 72 real estate listings closed escrow between $150,000 – $199,999, 67 real estate listings closed escrow between $200,000 – $249,999, 86 real estate listings successfully close escrow between $250,000 – $349,999, 41 Southern Utah real estate listing successfully closed escrow between $350,000 – $499,999, 20 St. George real estate listings successfully close escrow between $450,000 – $549,999, 13 Washington County real estate listing successfully closed escrow between $550,000 – $649,999, 5 real estate listings between $650,000 – $749,999 successfully closed escrow, 4 southern Utah real estate listings between $750,000 – $999,999 successfully closed escrow, and last but not least, just 2 southern Utah real estate listings during the month of September closed escrow between $1 million – $1,499,999.

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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.

(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 Thursday, October 20, 2016

St. George Utah Real Estate Market Statistics – September 2015

St. George, Utah – it’s Friday, October 2, 2015 and over the past 30 days the St. George Utah real estate market has continued to show incredible resilience.

From Sept. 1 through Oct. 1, 2015 there were 337 closed escrows per to the WCBR (Washington County Board of Realtors) MLS system. The below report is a brief summation of the past 30 days of real estate activity for the greater Southern Utah real estate market.

St. George Utah Real Estate Market Statistics – September 2015

St. George Utah Real Estate Market Statistics – September 2015

St. George Utah Real Estate Market Statistics – September 2015

 

St. George Supply And Demand

St. George Supply And Demand

St. George Supply And Demand:

As of October 2, 2015 there are currently 1,055 single-family residential listings available in Washington County; that total number includes both freestanding single-family units and townhomes/condominiums. As the dwindling stock of Washington County real estate listings remains at the low end of the spectrum, there is a noticeable and direct connection between the precipitous increase in the listing prices and the average sold price of a home in Southern Utah. Upon closer examination of the newest listings added to the MLS during the month of September, we see on a year-over-year basis a decline from 583 listings for September 2014, to 509 new listings for September of 2015. Additionally, during September 2015 there were 351 listings placed in escrow compared to 315 last year.

 

St. George Real Estate Prices

St. George Real Estate Prices

St. George Real Estate Prices:

Upon closer examination of the graph provided by the WCBR’s FlexMLS system, we see that the active average list price in southern Utah has continued to steadily increase since the beginning of the year to $399,749; representing 13.50% increase from September 2014. As available lots in St. George become harder to find and the cost of building supplies continues to increase, the average sales price for a home in Washington County has dramatically increased over the past 12 months. Shooting up 13.77% on a year-over-year basis, the average sales price for a home in southern Utah during September 2015 was $248,686 – up from 2014’s $218,595

 

 

St. George Absorption Rate

St. George Absorption Rate

St. George Absorption Rate:

Not to overstate the obvious; as Washington county’s real estate inventory continues to dwindle, the absorption rate – the rate at which existing inventory would be depleted should no new listings be placed on the MLS – continues to drop. Just 12 short months ago the Washington County MLS had approximately 8 months worth of inventory, as of August 2015 that number has declined to just over 5 months worth of available inventory. As buyers closely monitor the feds statements, listings for the “dog whistle” warning to potential homebuyers, worried buyers have been jumping off the indecisive fence and surrendering to the American dream.

 

 St. George Utah Real Estate Market Summary

 St. George Utah Real Estate Market Summary

St. George Utah Real Estate Market Summary

Absorption Rate: 5.07 months

Average List Price: $399,749

Median List Price: $299,900

Average Sales Price: $248,686

Median Sales Price: $220,000

Average Cumulative Days On Market (CDOM): 70

Median Cumulative Days on Market (CDOM): 39

he 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 Friday, October 2, 2015 4:20 AM.

Southern Utah Real Estate Market Statistics – May 2015

St. George, Utah – it’s Thursday, June 11, 2015 and over the past 30+ days Southern Utah’s real estate market has demonstrated that our little corner of the Beehive State continues to attract homebuyers in droves.

Number of Southern Utah real estate listings

Number of Southern Utah real estate listings

 

Today the number of Southern Utah real estate listings available on the Washington County Board of Realtors MLS system has declined to just north of 1,800 single-family residential units or condo’s / townhomes. Representing a serious decline for available inventory, on a year-over-year basis. In addition to the 1,800 active listings currently available on the flex MLS system, approximately 600 new listings were added to the MLS between April 15, 2015 and May 15, 2015. Additionally, during that same 30-day time period there were 400 closed escrows and 437 pending listings.

 

 

 

Average Active List Price for Southern Utah real estate

Average Active List Price for Southern Utah real estate

 

As the  graph indicates, the Average Active List Price for Southern Utah real estate continues to increase. Primarily thanks to supply and demand issues. As our existing inventory continues to decrease, and the cost of new construction continues to skyrocket on a per square foot basis, we see the Active Average List Price hovering around $400,000. As most experienced real estate buyers understand – the asking price is almost always substantially more than the sales price. As such, between April 15, 2015 and May 15, 2015 the Average New List Price was approximately $325,000; while the median sales price of a St. George home was just below $240,000, the Average Pending and Sold Listing closed for approximately $242,000.

 

 

Southern Utah's real estate absorption rate

Southern Utah’s real estate absorption rate

 

 

As Washington County’s real estate inventory continues to decline, so does Southern Utah’s real estate absorption rate. Currently, according to the flex MLS system there is approximately 6.35 months worth of housing inventory to choose from. As the inventory and absorption rate continue to dramatically decline, we see the Cumulative Days on Market for the existing inventory slipping to below 100 days as well.

 

Southern Utah Real Estate Market Statistics – May 2015

Southern Utah Real Estate Market Statistics – May 2015

Southern Utah Real Estate Market Statistics – May 2015

Absorption Rate 5.66; Average List Price $387,985; Median List Price $289,900; Average Sales Price $259,632; Median Sales Price $229,500; Average Cumulative Days on Market 99; Median Cumulative Days on Market 46. Aside from the absorption rate declining by 16.15% (thanks to buyers aggressively purchasing southern Utah listings), all of the other market statistics are pointing in a positive direction.

In briefly reviewing four of the more relevant data points for the southern Utah real estate market, we see that there were 538 new listings added to the Washington County Board of realtors MLS system for the month of May. Additionally, there were 400 sold listings, 439 properties placed in escrow and a total of 1,798 active listings of the flex MLS system for all of southern Utah.

SUHPI: Southern Utah Home Price Index – March 2015

St. George, Utah – its Wednesday, April 1, 2015, and the Southern Utah Home Price Index (SUHPI) for March increased by 4.42% from the same time last year, according to the WCBR (Washington County Board of Realtors) MLS system.

Washington County’s housing affordability remains steady: While the great State of Utah’s overall median home value remained affordable at $209,100, Southern Utah’s median sales price for a single-family residential unit increased on a year-over-year basis to $215,000. Representing a 4.42% increase from 2014’s $205,900 median sales price – as indicated by the local MLS statistics.

Utah’s Mortgage Delinquencies Decline: The overall health of Southern Utah’s real estate market has continued to show resiliency and is projected to increase by 3.4% over the next 12 months. Another indicator that points to additional signs of the markets overall health for the SUHPI compares and contrasts the national average for Mortgage delinquency. Currently the national average for mortgage delinquency is 6.3%. Meanwhile the mortgage delinquency rate in the Beehive State has declined to 2.7%.

As Southern Utah’s distressed inventory continues to decline, the average homebuyer is forced to search the southern Utah MLS listing inventory – which currently has an absorption rate of 6.23 months of inventory for all of Washington County.

SUHPI: Southern Utah Home Price Index  – March 2015

SUHPI: Southern Utah Home Price Index – March 2015

SUHPI: Southern Utah Home Price Index – March 2015

SUHPI: Southern Utah Home Price Index – March 2015

 Average List Price: $386,358

Median List Price: $289,900

Average Sales Price: $254,506

Median Sales Price: $225,000 

Average Cumulative Days on Market: 100

Median Cumulative Days on Market: 46

SUHPI: Southern Utah Home Price Index – March 2015

Southern Utah Real Estate Statistics: Market Summary For February 2015

St. George, Utah – it’s Tuesday morning March 3, 2015 and the Southern Utah Real Estate Market Summary for February shows the number of real estate listings in the greater St. George area increasing, in addition to the overall the list price, days on market, and MLS absorption rate.

Southern Utah Real Estate Statistics: Market Summary For February 2015

Southern Utah Real Estate Statistics: Listing Inventory

Southern Utah Real Estate Statistics: Listing Inventory

 

After witnessing the traditional dip of new real estate listings during the holidays (Nov., & Dec. 2014) being placed on the Southern Utah MLS (multiple listing system), the number of St. George Utah real estate listings have spiked during the past 30 days – to approximately 1500 single-family residential units. February’s 1500 level represents: Active Listings, New Listings, Pending Listings, and Sold listings on the Washington County Board of Realtors (WCBR) MLS system. While there is obviously a wide divergence between the average list price and the average sales price, the fact remains, our market is heading in the right direction. Providing a healthy number of listings for southern Utah’s homebuyers to choose from, while not saturating the market and ultimately stalling the appreciation of our already existing inventory.

 

 

Southern Utah Real Estate Statistics: Average List Price

Southern Utah Real Estate Statistics: Average List Price

 

When looking at the WCBR summary of statistics for the existing MLS listings, and comparing February 2014 to February 2015, we see the market headed in the right direction. During February 2014, the WCBR MLS had an absorption rate of 5.98, and an average list price of $382,354 – meanwhile the average sales price was $250,356. For February 2015, our absorption rate has increased to 6.19 – this number represents the months worth of existing inventory, should no new listings be placed on the MLS – with an average list price of $410,874, and an average sales price of $256,573. For 2015 we currently see an average sales price of $265,695, which represents a 5.56 percentage change over this time last year. Additionally, there has been a nominal change between the average Cumulative Days on Market for southern Utah’s MLS listings: 100 days for February 2014, 103 days for February 2015… representing an uptick of 3%.

Southern Utah Real Estate Statistics: Market Summary Of February 2015

Southern Utah Real Estate Statistics: Market Summary Of February 2015

Since it’s Tuesday morning, that can only mean one thing for me – it’s time for to get ready for the Washington County Board of Realtors “Brokers Tour.” Have a great Tuesday, and I’ll see you tomorrow.