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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

Stone Cliff, Palisades, and Castle Rock: 56 Listings Sold In Southern Utah

Sold in southern Utah over the past seven days, 56 single-family residential listings totaling just over $19 million.

Selling Homes in Meadow Valley, Stone Cliff, The Palisades, Cobblestone Fields, Castle Rock, the French Quarter and more … those listings with a ‘Median’ list price spent an average of only 17 Days On Market (DOM).

It’s Monday, May 29, 2017 – Memorial Day – and it’s time to gain a little insight on those real estate listings recently sold in southern Utah. Still well above our seasonal average and selling for close to their original List Price per Sq. Ft., sold listings spent a varied amount of time (obviously) on the MLS last week.

Southern Utah Weekly Real Estate Statistics

Weekly Real Estate Statistics For Listings Sold in Southern Utah

Homes sold in southern Utah in the ‘Median’ price range since May 22 had an average list price per square foot of $151 – spending approximately 17 Collective Days on Market (CDOM). Selling for approximately $152 per square foot, last week’s median priced housing listed and sold in the mid $300,000 range. Broken down by their respective CDOM we see 36 of last week’s closed occurring in less than 30 days; 8 taking less than 60, and 3 closed escrow in under 90 days. Taking the most time, 6 real estate listings sold in southern Utah since last Monday were on the market for more than 121 days.

Sold in southern Utah for $19,269,384, Washington County Realtors were nearly successful – off by only $288,004 – in achieving last week’s MLS asking price of $19,557,388 for the 56 closed escrows.

Top Five Sold Southern Utah Real Estate Listings

Sold Southern Utah Real Estate: Weekly Report

List Price: $899,000 – Sold Price: $895,000 – Days on Market: 32

List Price: $1,000,000 – Sold Price: $800,000 – Days on Market: 39

List Price: $612,000 – Sold Price: $597,000 – Days on Market: 111

List Price: $614,900 – Sold Price: $595,000 – Days on Market: 69

List Price: $549,900 – Sold Price: $535,000 – Days on Market: 21

56 Listings Sold In Southern Utah

Real Estate Sold in Southern Utah Week of May 22

Sold St. George Utah Subdivisions

As of May 22, 2017, the above-mentioned listings closed in the following Washington County subdivisions: Anthem Estates, Bella Vista at Stone Mountain, Bloomington Country Club, Bloomington Hills, Buena Vista, Castle Rock, Cheyenne At Red Cliffs, Cliff Rose, Cobblestone, Colony Park, Color View Townhomes, Cottages North, Sunbroook, Desert Hills, East Ridge, Estates At Hidden Valley, Highlands At Green Valley, Hobble Creek, Las Palmas Resort, Last Sun at Green Springs, The Ledges of St. George, The Fields, 14th Fairway, The French Quarter, Hidden Valley Townhomes, Meadow Valley Estates, Mill Creek Cottages, Olive Grove, Red Rock Canyon, Reserve at Green Springs, Sandstone Shadows, Santa Clara Heights, Serenity Hills, Silkwood, Sports Village, Stone Cliff, Stone Hedge, Sugar Plum, Sunset Hills, Sunset Village, Tenaya Sands, West Terrace, White Sage, Willow Springs, Woodbridge Townhomes.

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 29, 2017

Southern Utah Weekly Sales Report for Dec. 7 – 14

St. George, Utah – it’s Monday, December 14, 2015. And since it’s Monday, that must mean it’s time for the Southern Utah Weekly Sales Report for Dec. 7 – 14. According to the WCBR, over the past seven days 35 single-family residential listings and/or condominiums have successfully closed escrow.

As the feds continue to signal a modest interest rate hike is likely in our near future, something many are saying will be a “major macro error,” today is when inquisitive agents on the southern Utah Board of Realtors take an insightful gaze at their weekly sales report, extracting important data points from this past week’s sold St. George real estate listings.

While Washington County households prepare themselves for the onslaught of last-minute shopping excursions, extended houseguest stays, and the added accumulation of holiday bills, the added holiday distraction has resulted in Washington County’s real estate market selling 10 fewer single-family residential units and/or condominiums over the past seven days than two weeks prior.

Witnessed in both the affordable housing sector and moderately priced real estate markets … and leaving the $500k + sector flat for the week.

Example: The most expensive single-family residential listing to successfully close escrow over the past seven days occurred in the Padre Canyon Estates subdivision, and closed for $488,200 – on a list price of $497,900. According to the local MLS, there are currently 122 single-family residential listings over $500,000, and since the beginning of 2015, 225 properties over $500,000 have successfully closed escrow; of those, only 20 were in the million + club.

As we slowly begin to wrap up 2015, our Southern Utah Weekly Sales Report includes critical data for those looking to purchase a home in Washington County. Included on the list below are the most recent sales for single-family residential listings and/or condominiums, reported by the Washington County Board of Realtors.

The past weeks worth of real estate sales occurred in the following subdivisions: Bella Vista Stone Mountain, Bloomington Hills, Bridal Gate Estates, Cannon Parkview Townhomes, Coral Canyon, Cottages Fossil Hill, Cotton Acres, Cotton Manner Condos, Heritage Lane Townhomes, Las Palmas resort, Majestic Sunset, Mill Creek Cottages, Padre Canyon Estates, Panorama Park, Park at Green Valley, River Crest Townhomes, Riverstone, Royal Point, Shonto Point, St. James Place, Sunriver, Town Oaks, Tuscany Cliff Rose, and Tuweap Point.

Price | Status | MLS #SubdivisionListing DateSold DateSold Price

1

$488,200
973 E Mesa Vista Drive
Ivins, UT 84738
Closed / 15-168580  

Status Change

PADRE CANYON EST07/25/201512/11/2015488,200

2

$460,000
1140 E St James Lane
St George, UT 84770
Closed / 15-170165  

Status Change

ST JAMES PLACE10/01/201512/10/2015460,000

3

$445,000
372 S Leoni Way
Washington, UT 84780
Closed / 15-167916  

Status Change

BELLA VISTA STONE MT07/13/201512/10/2015445,000

4

$437,000
1130 OSAGE Circle
Ivins, UT 84738
Closed / 15-170348  

SHONTO POINT10/01/201512/07/2015437,000

5

$426,466
946 LAS COLINAS Drive
St George, UT 84790
Closed / 15-171726  

RIVERSTONE12/01/201512/08/2015426,466

6

$379,905
2090 N TUWEAP Drive 3
St George, UT 84770
Closed / 15-170637  

Status Change

10/19/201512/10/2015379,905

7

$352,500
4984 BONITA BAY Drive
St George, UT 84790
Closed / 15-169661  

SUN RIVER09/04/201512/08/2015352,500

8

$346,000
2621 S 3030 E
St George, UT 84790
Closed / 15-167928  

BRIDLE GATE EST07/10/201512/07/2015346,000

9

$339,170
954 W 4100 S
St George, UT 84790
Closed / 15-171727  

RIVERSTONE12/01/201512/09/2015339,170

10

$335,000
4693 S WHISPER POINT Drive
St George, UT 84790
Closed / 15-170001  

SUN RIVER09/23/201512/07/2015335,000

11

$310,000
1523 Talus Way
St George, UT 84790
Closed / 15-165224  

COTTAM COVE04/03/201512/07/2015310,000

12

$297,180
1016 E Wild Horse Ridge
Washington, UT 84780
Closed / 15-167368  

Status Change

MAJESTIC SUNSET06/19/201512/10/2015297,180

13

$294,000
1845 W CANYON VIEW 2101
St George, UT 84770
Closed / 15-170310  

LAS PALMAS RESORT10/07/201512/07/2015294,000

14

$265,000
415 W CENTER Street
Ivins, UT 84738
Closed / 15-168512  

STG/S CLARA BICS (I)08/03/201512/08/2015265,000

15

$262,000
62 S Padre Canyon
Ivins, UT 84738
Closed / 15-169414  

Status Change

PADRE CANYON EST09/02/201512/11/2015262,000

16

$244,600
135 W Clover Lane
Washington, UT 84780
Closed / 15-171020  

Status Change

FIELDS09/28/201512/10/2015244,600

17

$239,900
2428 N EXPEDITION Lane
Washington, UT 84780
Closed / 15-168583  

Status Change

CORAL CNYN08/04/201512/09/2015239,900

18

$224,000
2334 S River Road #54
St George, UT 84790
Closed / 15-171370  

RIVER CREST TH11/10/201512/07/2015224,000

19

$216,000
1635 Maplewood Way
St George, UT 84790
Closed / 15-167333  

Status Change

BLM HILLS06/19/201512/10/2015216,000

20

$215,000
545 S Valley View Drive #163
St George, UT 84770
Closed / 15-165838  

Status Change

PARK GRN VLY04/22/201512/11/2015215,000

21

$210,000
433 N 2040 E
St George, UT 84790
Closed / 15-168830  

CIMARRONT RED CLIFFS08/12/201512/09/2015210,000

22

$202,566
4480 HIKO SPRINGS Drive
St George, UT 84790
Closed / 15-170897  

SUN RIVER10/26/201512/08/2015202,566

23

$197,500
2384 E 40 N
St George, UT 84790
Closed / 15-169811  

COTTON ACRES09/18/201512/08/2015197,500

24

$192,500
345 N 2450 E 157
St George, UT 84790
Closed / 15-171049  

COTTON MANOR CONDOS10/29/201512/08/2015192,500

25

$189,000
2197 E 620 N
St George, UT 84790
Closed / 15-170742  

PANORAMA PARK10/22/201512/07/2015189,000

26

$185,000
1314 N 1390 W
St George, UT 84770
Closed / 15-170486  

Status Change

ROYAL POINT10/14/201512/11/2015185,000

27

$172,000
4243 BELLA VISTA Drive N
Santa Clara, UT 84765
Closed / 15-170432  

TUSCANY CLIFFROSE10/12/201512/07/2015172,000

28

$162,950
1040 E 900 S #20
St George, UT 84790
Closed / 15-169308  

HERITAGE LANE TH08/28/201512/07/2015162,950

29

$162,500
550 W Diagonal Street 2
St George, UT 84770
Closed / 15-170098  

CANNON PARKVIEW TH09/30/201512/08/2015162,500

30

$153,000
497 Ridge View
St George, UT 84770
Closed / 15-171088  

RIDGE AT ST GEORGE11/05/201512/09/2015153,000

31

$143,400
3419 S RIVER Road 83
St George, UT 84790
Closed / 15-167217  

COTTAGES FOSSIL HILL06/16/201512/07/2015143,400

32

$141,400
3419 S RIVER RD 81
St George, UT 84790
Closed / 15-167199  

Status Change

COTTAGES FOSSIL HILL06/15/201512/10/2015141,400

33

$124,500
1040 N 1300 W #52
St George, UT 84770
Closed / 15-170788  

MILLCREEK COTTAGES10/23/201512/08/2015124,500

34

$110,000
145 S 100 E
Washington, UT 84780
Closed / 15-170859  

WASH TOWNSITE10/28/201512/08/2015110,000

35

$107,500
777 S 400 #43
St George, UT 84770
Closed / 15-169056  

TOWN OAKS08/20/201512/09/2015107,500

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 Monday, December 14, 2015 4:20 AM.