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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

St. George Utah Real Estate Activity and Statistics: New, Pending, Sold

St. George, Utah – it’s Tuesday morning February 23, 2015, and there have been 15 ‘Active New’ St. George Utah real estate listings placed on Southern Utah’s MLS over the last 24 hours – providing some interesting St. George Utah real estate activity and statistics.

 Southern Utah Real Estate Statistics

According to today’s Washington County Board of Realtors (WCBR) MLS (multiple listing services) Hot Sheet, 27 St. George Utah real estate listings have been placed under contract and are now in escrow – while 12 properties have successfully closed escrow. Furthermore, when drilling down on the last 30 days of data provided by the Washington County Board of Realtors flexmls system, we see the greater St. George real estate market has had 305 real estate listing successfully close escrow, 287 properties have been placed under contract (pending), and 899 new single-family residential listings have hit the MLS.

Southern Utah Real Estate Statistics

Southern Utah Real Estate Statistics

As the snow melts from yesterday’s somewhat unexpected flurries and the masses that were here visiting for the 2015 Parade of Homes make their long trek home, communities like SunRiver have started off the year with some strong numbers. Between 1.24.2015 and 2.24.2015, SunRiver has witnessed 11 single-family residential listings successfully closing escrow. With a median list price of $239,900 and a Cumulative Days on Market (CDOM) hitting 139 days, the median sales price for a home in SunRiver is holding steady at a respectable $232,000.

Southern Utah Real Estate Statistics

Southern Utah Real Estate Statistics

St. George Utah Real Estate Activity: New

As to today’s ‘Active – New’ real estate listings for the greater St. George area, the five listings below rank high on the list:

Heights at Washington Bench

Heights at Washington Bench

 

Listed for $354,900 is a home located in the Heights at Washington Bench subdivision. Priced at $128.17 per square foot, this Washington Utah home was originally built in 2005. Offering 2769 ft.² on a single level, this home has a total of 4 bedrooms and 2 1/2 bathrooms. Located on a desirable corner lot in a great subdivision, this southern Utah listing is one smart house. Built utilizing today’s modern day technology with convenience in mind, this home can be controlled with the average modern Smart Phone. With a new dishwasher and microwave, a large refrigerator and two fireplaces, this home has room for RV Parking in addition to its three-car garage.

Garden Park

Garden Park

 

Next up is a new listing in the Garden Park subdivision of St. George Utah, which has been listed for $335,000. Priced at $105.71 per square foot, this home was originally built in 2004. Offering a total of 3169 ft.², this garden Park home has 1980 ft.² on the main level and an additional 1181 ft.² upstairs. With four bedrooms and 3 1/2 bathrooms, this home includes a swimming pool in the backyard and granite countertops in the kitchen. According to the MLS data sheet, this listing is a short sale and is subject to third-party approval.

Washington Fields

Washington Fields

 

Over in the sought after Washington Fields area of greater St. George is a new listing in the Red Field Estate subdivision – listed for $289,900. Priced at $109.48 per square foot, this home was originally built in 2011. With a total of 2648 ft.², this home has 1117 ft.² on its main level and an additional 1531 ft.² upstairs. Featuring five bedrooms and 2 1/2 bathrooms, this beautifully maintained home offers a functional floor plan with oversized bedrooms. Upgraded with title and granite in the master bedroom and kitchen, this homes large backyard would be perfect for those looking to add their own personal touch with the installation of a new pool.

Shadow Canyons

Shadow Canyons

 

Located in the beautiful community of Ivins is a new listing in the Shadow Canyons subdivision, currently listed for $289,900. Priced at $149.90 per square foot, this home was originally built in 2014 and has 1934 ft.² on a single level. Featuring three bedrooms, two bathrooms and a three-car garage, this home enjoys tile floors, granite countertops and upgraded carpet. Offering stainless steel appliances and, upgraded fixtures to its new owner, this Shadow Canyon’s home is fully fenced and landscaped and ready to move in.

 

 St. James Place

St. James Place

 

And rounding off the top five new St. George Utah real estate listings on today’s MLS hot sheet is a new listing in the St. James Place subdivision. Listed for $267,900 – or $92.83 per square foot – is a 2886 ft.² home on .23 acre lot. Featuring four bedrooms and three full bathrooms, this all has 1882 ft.² on its main level and an additional 1004 ft.² upstairs. Originally built in 1990, this St. James Place home exudes country charm. Located in a quiet and peaceful neighborhood, this home’s interior has been freshly painted and shows extremely well.

 

As to the remaining 10 new St. George Utah real estate listings on today’s MLS hot sheet, we see 4 new listings between $240,000 – $134,000 … and the final six listings between $72,500 and $25,000.

St. George Utah Real Estate Activity: New

St. George Utah Real Estate Activity: New

St. George Utah Real Estate Activity: Pending

Demonstrating the overall strength of the Southern Utah real estate market, we see the following 27 listings have been placed in escrow over the last 24 hours: 3 properties between $799,900 – $519,000; 4 listings between $375,000 – $272,000; 6 listings $269,900 – $239,000; 5 properties between $224,900 – $199,900 … and the final 9 listings between $184,900 and $35,900.

St. George Utah Real Estate Activity: Pending

St. George Utah Real Estate Activity: Pending

St. George Utah Real Estate Activity: Sold

From a sold perspective, since yesterday morning the following 12 Southern Utah listings have successfully navigated the escrow process.

St. George Proper: List Price; Undisclosed? – Sold Price; $495,000 – Days on Market; 150

Las Entradas Villages: List Price; $369,900 – Sold Price; $347,000 – Days on Market; 130

New Harmony: List Price; $295,000 – Sold Price; $280,000 – Days on Market; 21

Dixie Springs: List Price; $279,900 – Sold Price; $277,000 – Days on Market; 82

Tonaquint Valley: List Price; $279,900 – Sold Price; $273,000 – Days on Market; 31

Sun Crest West: List Price; $239,900 – Sold Price; $235,000 – Days on Market; 89

Sunset Ridge: List Price; $199,900 – Sold Price; $199,900 – Days on Market; 100

Sage Creek: List Price; $185,900 – Sold Price; $185,900 – Days on Market; 5

Santa Clara Heights: List Price; $169,900 – Sold Price; $169,900 – Days on Market; 11

Santa Fe at Red Cliffs: List Price; $145,000 – Sold Price; $145,000 – Days on Market; 154

Meadow Park (Lot): List Price; $95,000 – Sold Price; $95,000 – Days on Market; 3

Hillside Mobile Home Estates: List Price $70,000 – Sold Price; $60,000 – Days on Market; 109

St. George Utah Real Estate Activity: Sold

St. George Utah Real Estate Activity: Sold

*Note: The Southern Utah MLS Hot Sheet is a living document that is updated by the FlexMLS system via the Washington County Board of Realtors. As such, new data is constantly added and updated by the areas Realtors. If the total number of active, pending, or sold listings change, its merely because the MLS system has been updated. This information is deemed to be reliable, but is not guaranteed.