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June 2018 Sales Report: Southern Utah Realtors Sell 309 Homes

The June 2018 sales report is in, southern Utah Realtors sold 309 homes/condos.

MLS statistics from the Washington County Board of Realtors (WCBR) indicate June 2018 was another strong month for home sales in southern Utah. Categorized as either a single-family residential unit or a condominium/townhome, 180 of last month’s 309 closed escrow’s occurred less than 30 days.

St. George Utah –   Between June 1 and June 30, 2018, Realtors with the Washington County Board successfully closed escrow on just over $113 million in real estate transactions.

Not accounting for the sale of vacant lots and land, commercial property, manufactured housing and fractional ownership, June’s MLS statistics provided by the WCBR Flex system, indicates the top sale in the last 30 days occurred in the subdivision of Westgate Hills for $2.95 million.  On the MLS for a total of 130 days, the home was originally listed for sale on January 14, 2018 by Engel and Volkers St. George

Per the June 2018 WCBR sales statistics, the Average price of a home sold in southern Utah over the past 30 days was $366,517. Also, since June 1, the median list price for a home in southern Utah has been roughly $323,900, with those medium priced homes typically selling for approximately $319,900 – or $156 per square foot.

Southern Utah’s home buyers were quick to act during the month of  June. More than half, 58.25 percent, of the single-family residential or condominium/townhome closing escrow in Washington County occurred within 30 days of being placed on the MLS.

Real estate listings that sold within the first 30 days received an average Sales Price to Original List Price ratio of 98.92 percent.

June 2018: Top Five Sold Real Estate Listings

  • List Price: $3,600,000 – Sold Price: $2,950,000 – Days on Market:130
  • List Price: $2,100,000 – Sold Price: $1,950,000 – Days on Market:123
  • List Price: $1,399,000 – Sold Price: $1,360,000 – Days on Market: 33
  • List Price $1,014,000 – Sold Price: $1,014,000 – Days on Market:209
  • List Price: $999,000 – Sold Price: $920,000 – Days on Market: 209

June 2018: Days on Market

  • 180 southern Utah real estate listings sold in less than 30 days
  • 56 southern Utah real estate listings sold in less than 60 days
  • 33 southern Utah real estate listings sold in less than 90 days
  • 14 southern Utah real estate listings sold in less than  120 days
  • 26 southern Utah real estate listings sold in less than  121+ days

June Real Estate Activity for Washington County

On a year-over-year comparative basis, so far in 2018, active Realtors with southern Utah’s board have sold 2,617 total real estate listings. A 5.4 percent increase from 2017’s 2,483 closed escrows, June sales include 4 listings valued in excess of $1 million.  So far in 2018, 29 homes valued between $1 million and $1,999,999 have successfully closed escrow.

June 2018, real estate activity for southern Utah: sold, pending, active, and new real estate listings

June Real Estate Prices

June real estate statistics for St. George indicates the Active Average List Price in Washington County has continued to increase steadily since the beginning of the year to $505,256, representing 4.86 percent increase from June 2017. Meanwhile, over the past 12 months, the Average Sales Price for a home in the greater St. George area has increased to $334,603, which represents a 16.71 percent on a year-over-year basis.

June Real Estate Absorption Rate

As of Sunday, June 1, there are 628 single-family residential listings and/or condominium/townhomes for sale in the greater St. George area. As our MLS inventory remains at historic lows, buyers and their agents will need to be diligent in order to source out the best housing deals.

The WCBR Market Summary for June 2018 indicates our absorption rate is just over 3.1 months. In other words, if no new listings were taken and placed on the Washington County Board of Realtors MLS system – our inventory would be depleted within approximately 3 months.

St. George Utah, June 2018, real estate absorption rate

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 Sunday, June 1, 2018,  4:20 AM.

St. George Utah Real Estate Market Statistics

Southern Utah Real Estate Market Statistics: March 2017

 According to Market Statistics, Southern Utah’s inventory is down and prices are up. It Saturday, April 1, 2017 and here is your March real estate report for the greater St. George area.

The southern Utah real estate market’s Absorption Rate for the greater St. George area is at a brand-new low, according to new data provided by the Washington County Board of Realtors. The lack of inventory combined with the concern over looming interest rate hikes has driven existing inventory down by double digits on a year-over-year basis. With the average Days on Market holding steady since the beginning of the year and the Sold to List Ratio spiking dramatically during March 2017, it’s safe to say the increase in the Average List Price hasn’t scared today’s buyer away.

Southern Utah’s real estate market Absorption Rate, measured in months, has declined 30.22% on a year-over-year basis. At just 3.44 for the month of March, that Absorption Rate number represents how many months before Washington County would run out of listings – provided no new listings were taken. Obviously, that won’t happen. However, following the law of supply and demand, the lack of inventory has definitely led to a spike in appreciation for southern Utah homeowners.

The Median List Price for a home in the southern Utah real estate market for March 2017 was $343,999. Up 9.22% from March 2016, when the median list price was $314,950 – this nearly 10% uptick underscores strong self-confidence. Though wanting and getting are two different things (Read:” List Price”), the Average Sale Price in Washington County increased by more than 10% since this time last year.

The Average Sale Price for a home in the southern Utah real estate market for March 2017 was $295,537. A solid 11.72% increase over March 2016, when the average sales price was $264,539, this double-digit growth is nothing compared to what happened to those homes listed just under $1 million in southern Utah. Spiking 166.7% for March, Washington County real estate listings between $750,000 and $999,999 are up 128.6% on a year-over-year basis.

  Southern Utah Real Estate Market Statistics: March 2017

 Washington County Real Estate Market Statistics

Southern Utah Real Estate Market Statistics

 

 Washington County Summary Real Estate Market Statistics March 2017

  • Mar-17           Mar-16           % Chg 2017 YTD      2016 YTD      % Chg
  • Absorption Rate        3.44    4.93    -30.22 3.46    5.05    -31.49
  • Average List Price     $452,538       $418,146       8.22    $390,567       $364,097       7.27
  • Median List Price      $343,999       $314,950       9.22    $309,900       $284,900       8.78
  • Average Sale Price    $295,537       $264,539       11.72  $284,807       $251,086       13.43
  • Median Sale Price     $254,000       $228,250       11.28  $245,000       $220,500       11.11
  • Average CDOM          78       88       -11.36 78       91       -14.29
  • Median CDOM           28       40       -30.00 37       52       -28.85

 

Sold Southern Utah Real Estate Listings

  • This Month    Year to Date

  • 2017   2016   % Chg 2017   2016   % Chg
  • 0-49,999        2          6          -66.7   11       20       -45.0
  • 50,000-99,999          10       25       -60.0   32       62       -48.4
  • 100,000-149,999     34       63       -46.0   79       143     -44.8
  • 150,000-199,999     74       68       8.8       194     168     15.5
  • 200,000-249,999     91       78       16.7    214     176     21.6
  • 250,000-349,999     112     112     0.0       258     230     12.2
  • 350,000-449,999     59       49       20.4    131     97       35.1
  • 450,000-549,999     21       14       50.0    51       40       27.5
  • 550,000-649,999     7          10       -30.0   18       16       12.5
  • 650,000-749,999     8          4          100.0  20       7          185.7
  • 750,000-999,999     8          3          166.7  16       7          128.6
  • 1,000,000-1,499,999           2          0          N/A     3          0          N/A
  • 1,500,000-1,999,999           0          0          0.0       1          0          N/A
  • 2,000,000-2,499,999           0          1          -100.0 0          1          -100.0
  • 2,500,000-2,999,999           1          1          0.0       1          1          0.0
  • 3,000,000+    0          0          0.0       0          0          0.0
  • Totals  429     434     -1.2     1029   968     6.3

 

Pending Southern Utah Real Estate Listings

  • This Month    Year to Date
  • 2017   2016   % Chg 2017   2016   % Chg
  • 0-49,999        4          3          33.3    13       14       -7.1
  • 50,000-99,999          11       22       -50.0   30       68       -55.9
  • 100,000-149,999     41       37       10.8    105     131     -19.8
  • 150,000-199,999     84       83       1.2       209     214     -2.3
  • 200,000-249,999     111     95       16.8    279     235     18.7
  • 250,000-349,999     158     133     18.8    369     314     17.5
  • 350,000-449,999     67       54       24.1    174     125     39.2
  • 450,000-549,999     39       16       143.8  88       56       57.1
  • 550,000-649,999     12       10       20.0    27       25       8.0
  • 650,000-749,999     7          5          40.0    19       17       11.8
  • 750,000-999,999     5          6          -16.7   26       13       100.0
  • 1,000,000-1,499,999           2          2          0.0       8          2          300.0
  • 1,500,000-1,999,999           0          1          -100.0 3          1          200.0
  • 2,000,000-2,499,999           2          0          N/A     2          1          100.0
  • 2,500,000-2,999,999           0          0          0.0       1          1          0.0
  • 3,000,000+    0          0          0.0       0          0          0.0
  • Totals  543     467     16.3    1353   1217   11.2

 

Active Southern Utah Real Estate Listings

  • This Month    Year to Date
  • 2017   2016   % Chg 2017   2016   % Chg
  • 0-49,999        17       23       -26.1   33       51       -35.3
  • 50,000-99,999          36       74       -51.4   79       156     -49.4
  • 100,000-149,999     53       79       -32.9   162     245     -33.9
  • 150,000-199,999     107     180     -40.6   313     425     -26.4
  • 200,000-249,999     151     227     -33.5   451     534     -15.5
  • 250,000-349,999     348     439     -20.7   809     853     -5.2
  • 350,000-449,999     228     275     -17.1   469     481     -2.5
  • 450,000-549,999     147     129     14.0    290     235     23.4
  • 550,000-649,999     70       83       -15.7   116     139     -16.5
  • 650,000-749,999     48       53       -9.4     83       84       -1.2
  • 750,000-999,999     59       78       -24.4   105     112     -6.2
  • 1,000,000-1,499,999           42       36       16.7    56       44       27.3
  • 1,500,000-1,999,999           18       22       -18.2   25       31       -19.4
  • 2,000,000-2,499,999           7          5          40.0    9          8          12.5
  • 2,500,000-2,999,999           9          9          0.0       11       10       10.0
  • 3,000,000+    5          8          -37.5   8          9          -11.1
  • Totals  1345   1720   -21.8   3019   3417   -11.6

 

New Southern Utah Real Estate Listings

  • This Month    Year to Date
  • 2017   2016   % Chg 2017   2016   % Chg
  • 0-49,999        7          7          0.0       16       22       -27.3
  • 50,000-99,999          26       20       30.0    49       69       -29.0
  • 100,000-149,999     42       39       7.7       99       137     -27.7
  • 150,000-199,999     55       80       -31.2   197     247     -20.2
  • 200,000-249,999     122     113     8.0       307     311     -1.3
  • 250,000-349,999     158     126     25.4    476     436     9.2
  • 350,000-449,999     80       79       1.3       259     250     3.6
  • 450,000-549,999     66       39       69.2    160     118     35.6
  • 550,000-649,999     18       12       50.0    60       65       -7.7
  • 650,000-749,999     10       9          11.1    41       38       7.9
  • 750,000-999,999     10       9          11.1    45       50       -10.0
  • 1,000,000-1,499,999           7          1          600.0  24       20       20.0
  • 1,500,000-1,999,999           3          2          50.0    10       6          66.7
  • 2,000,000-2,499,999           0          0          0.0       1          1          0.0
  • 2,500,000-2,999,999           1          1          0.0       4          3          33.3
  • 3,000,000+    0          0          0.0       3          3          0.0
  • Totals  605     537     12.7    1751   1776   -1.4

 

Information is deemed to be reliable, but is not guaranteed. © 2017 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Saturday, April 01, 2017 5:33 AM.

 

Closed Escrows: Foremaster Ridge, Monterey at Stonebridge and more…

Dropping by 13 completed transactions on a week over week basis, 38 single-family residential listings and/or condominiums successfully closed escrow in Southern Utah since last Monday. And closing escrow just 10 short days after being listed, a  golf home in the Monterey at Stonebridge subdivision successfully closed for just $181.91 per square foot.

Finally back to normal in the Beehive State, this past week we witnessed Donald J Trump become President-elect, Utah’s gas prices get ranked as some of the highest in the nation … as a NASA satellite exposed Utah’s Great Salt Lake as a rapidly diminishing resource. Depressing for some and exciting for others, that was emotionally exhausting week for all.

Monterey at StonebridgeSold St. George Real Estate

As for real estate sales in Washington County, it was a relatively quiet week. Between the general election and the upcoming holidays, last week’s 38-closed escrows ranged from $765,000 on the high-end to $118,000 on the low-end. Coming in at number four, a recently sold listing within the Monterey at Stonebridge PUD successfully closed escrow for $500,000, after being listed for only 10 short days.

 Monterey at Stonebridge

Monterey at Stonebridge

Monterey at Stonebridge

Monterey at Stonebridge is located along the Santa Clara River and adjacent to the Blackrock course at Sunbrook GC. This affordably chic golf course community has wonderful amenities with inexpensive monthly HOA (homeowners Association) dues, currently $200 a month. Understanding that real estate is all about “location, location, location” – this recently sold golf home closed escrow for $175,000 more than a recently sold comparable off the golf course, in the same subdivision.

 southern Utah golf course community

Monterey at Stonebridge

 Top Five Southern Utah Real Estate Sales

  1. List Price: $714,900 – Sold Price: $765,590 – Days on Market: 1
  2. List Price: $519,700 – Sold Price: $510,000 – Days on Market: 5
  3. List Price: $525,000 – Sold Price: $509,000 – Days on Market: 87
  4. List Price: $549,900 – Sold Price: $500,000 – Days on Market: 10
  5. List Price: $459,900 – Sold Price: $450,000 – Days on Market: 1

Washington County Subdivisions

This week’s southern Utah real estate sales have occurred in the following subdivisions: Bloomington Hills, Cliff Rose, Crystal Lakes townhomes, The Fields, Foremaster Ridge, Green Valley, Highland Park at Coral Canyon, The Knolls At Little Valley, La Venita Condominiums, Mill Creek Spring, Monterey at Stonebridge, Mulberry Estates, Padre Lakes Townhomes, Paradise Villa At Zion, Quail Cove, Ridge Point, River Road Garden Home, Riverstone, Santa Fe Red Cliffs, Shadow Creek, Shadow Mountain, Slick Rock Ridge, Tupelo Estates, and Whisper Ridge.

St. George Closed Escrows: Paradise Village, Foremaster Ridge, Stonebridge and more…

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

1

$765,590.68
3800 N Paradise Village Drive 65
Santa Clara, UT 84765
Closed / 16-173200  

714,900765,590.6811/09/20161135.84 / 145.47

2

$510,000
613 S FIVE SISTERS Drive
St George, UT 84790
Closed / 16-179127  

519,700510,00011/08/20165213.96 / 209.96

3

$509,000
990 HOMESTEAD Circle
St George, UT 84770
Closed / 16-176536  

525,000509,00011/07/201687195.31 / 189.36

4

$500,000
2151 W Monterey Drive
St George, UT 84770
Closed / 16-179335  

Status Change

549,900500,00011/09/201610199.6 / 181.49

5

$450,000
3105 S 2980 E
St George, UT 84790
Closed / 16-180172  

Status Change

459,900450,00011/10/20161106.41 / 104.12

6

$405,500
278 N Falcon Court
Ivins, UT 84738
Closed / 16-178000  

Status Change

419,900405,50011/09/201667183.68 / 177.38

7

$400,513
3074 E 3230 S
St George, UT 84790
Closed / 16-179941  

Status Change

400,513400,51311/10/20165154.88 / 154.88

8

$384,727
1038 W LAS COLINAS Drive
St George, UT 84790
Closed / 16-180353  

384,727384,72711/08/20162177.7 / 177.7

9

$382,880
502 W BIG HORN WAY Lot 9
Ivins, UT 84738
Closed / 16-178050  

Status Change

359,900382,88011/08/201628160.96 / 171.23

10

$375,000
150 S Crystal Lakes #67
St George, UT 84770
Closed / 16-177348  

Status Change

385,000375,00011/10/201675135.85 / 132.32

11

$355,000
221 S 1210 WEST Circle
St George, UT 84770
Closed / 16-176313  

364,900355,00011/08/2016127136.16 / 132.46

12

$347,742
3256 S 3210 E
St George, UT 84790
Closed / 16-179604  

Status Change

347,742347,74211/10/20161159.22 / 159.22

13

$335,401
1012 W LAS COLINAS Drive
St George, UT 84790
Closed / 16-180352  

335,000335,40111/09/20165201.81 / 202.05

14

$305,000
4595 CHASING LIGHT Drive
St George, UT 84790
Closed / 16-178068  

319,900305,00011/07/201644179.92 / 171.54

15

$300,000
3076 S Limestone
St George, UT 84790
Closed / 16-172790  

299,900300,00011/09/201623090.3 / 90.33

16

$280,000
439 N Creek Ridge
Washington, UT 84780
Closed / 16-179278  

Status Change

289,000280,00011/09/20161889.03 / 86.26

17

$274,921
941 E 3740 S
Washington, UT 84780
Closed / 16-176952  

Status Change

274,921274,92111/10/201623146.86 / 146.86

18

$266,000
1793 W Canyon View Drive
St George, UT 84770
Closed / 16-173111  

265,900266,00011/07/2016239126.32 / 126.37

19

$249,000
4782 S Cattail Way 510
Washington, UT 84780
Closed / 16-176722  

Status Change

267,900249,00011/10/201691213.81 / 198.72

20

$240,612
2562 E HILLTOP LEDGE
Washington, UT 84780
Closed / 16-180478  

Status Change

240,612240,61211/11/20162160.41 / 160.41

21

$239,900
2581 E 160 S
St George, UT 84790
Closed / 16-178347  

239,900239,90011/08/201645133.65 / 133.65

22

$235,237
2638 E DESERT CLIFF
Washington, UT 84780
Closed / 16-180443  

Status Change

235,237235,23711/10/20161154.76 / 154.76

23

$224,000
545 S Valley View Drive #73
St George, UT 84770
Closed / 16-179494  

228,800224,00011/08/20168124.62 / 122

24

$223,000
1055 E 900 S 104
St George, UT 84790
Closed / 16-178601  

224,900223,00011/07/201624125.36 / 124.3

25

$222,000
1198 W 750 N
St George, UT 84770
Closed / 16-177416  

225,000222,00011/08/201692152.54 / 150.51

26

$220,000
2441 S Pasture Lane
Washington, UT 84780
Closed / 16-179778  

Status Change

220,000220,00011/10/20161130.64 / 130.64

27

$219,000
1223 SILK TREE Circle
St George, UT 84790
Closed / 16-178638  

Status Change

220,000219,00011/09/20167147.65 / 146.98

28

$212,000
1301 W Cantamar Drive
St George, UT 84790
Closed / 16-174692  

212,000212,00011/08/2016127161.71 / 161.71

29

$206,900
1305 E Riverside Drive #27
St George, UT 84790
Closed / 16-178679  

209,900206,90011/08/201627153.21 / 151.02

30

$206,000
1717 Desert Rose
St George, UT 84790
Closed / 16-176080  

209,900206,00011/07/201680162.34 / 159.32

31

$195,000
523 S Mariah Court
Ivins, UT 84738
Closed / 16-179422  

Status Change

198,900195,00011/10/201617126.93 / 124.44

32

$188,500
1360 E Telegraph Street #44
Washington, UT 84780
Closed / 16-179986  

Status Change

194,900188,50011/10/20163176.86 / 171.05

33

$180,000
710 S Indian Hills #6
St George, UT 84770
Closed / 16-177340  

179,000180,00011/07/201645138.76 / 139.53

34

$180,000
210 N Mall Drive #136
St George, UT 84790
Closed / 16-178961  

182,500180,00011/07/201618148.25 / 146.22

35

$175,000
210 N Mall Drive #113
St George, UT 84790
Closed / 16-178894  

Status Change

179,900175,00011/09/20169148.55 / 144.51

36

$160,000
508 S PUERTO
Ivins, UT 84738
Closed / 16-179397  

159,900160,00011/07/201615143.92 / 144.01

37

$159,900
840 S 400 E #17
St George, UT 84770
Closed / 16-179007  

Status Change

159,900159,90011/09/201637141.01 / 141.01

38

$118,000
700 N Main #f4
Washington, UT 84780
Closed / 16-179966  

Status Change

119,900118,00011/11/20169107.92 / 106.21

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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 Monday, November 14, 2016.