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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

Southern Utah Weekly Real Estate Report: Closed Escrows, February 27 – March 6, 2017

Here’s your Southern Utah Weekly Real Estate Report for Washington County for the week of February 27, 2017.

Over the past seven days, Southern Utah realtors have been extremely busy. Selling 62 single-family residential listings since last Monday, multiple sales occurred in several subdivisions; including Sun River, Sun Country Meadows, Coral Canyon, and Bloomington Country Club.

According to this week’s Southern Utah Weekly Sales Report, with information provided by the Washington County Board of Realtors Flex MLS system, one sale in the Stone Cliff subdivision closed escrow for more than $2.5 million. Of course, it’s Collective Days on Market (CDOM) was 476 days.

Southern Utah Real Estate Market Report

This week, those homes that fell into the ‘Average’ category had a List Price of $351,798 and ultimately closed escrow for $318,355, after spending a total of 75 CDOM. In the ‘Median’ price range, we see those homes originally listed for approximately $247,500 … closed escrow 25 days later for approximately $241,500. And between the diametrically opposed high-end and low-end of the real estate market, the low-end sold fast and the high-end took a while to find the right buyer. See the below chart for detailed information:

Southern Utah Weekly Real Estate Report: Closed Escrows, February 27 – March 6, 2017

Top Five Southern Utah Real Estate Sales

  1. List Price: $2,999,900 – Sold Price: $2,675,000 – Days on Market: 146
  2. List Price: $1,750,000 – Sold Price: Withheld – Days on Market: 278
  3. List Price: $799,900 – Sold Price: $750,000 – Days on Market: 71
  4. List Price: $629,900 – Sold Price: $600,000 – Days on Market: 204
  5. List Price: $576,900 – Sold Price: $576,900 – Days on Market: 02

Southern Utah Weekly Real Estate Report

Southern Utah Weekly Real Estate Report: Closed Escrows, February 27 – March 6, 2017

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

1

$2,675,000
1871 E Cliff Point Drive
St George, UT 84790
Closed / 16-179399

Status Change

2,999,9002,675,00003/01/2017146340.24 / 303.39

2

$
1153 W Fandango Circle
St George, UT 84770
Closed / 16-175681

1,750,00002/27/2017278351.41 / NA

3

$750,000
1624 W Wild Rose Circle
St George, UT 84790
Closed / 16-180453

Status Change

799,900750,00002/28/201771299.81 / 281.11

4

$600,000
2516 S 1960 EAST Circle
St George, UT 84790
Closed / 16-176599

629,900600,00002/27/2017204104.36 / 99.4

5

$576,900
1586 W Canyon Tree
St George, UT 84770
Closed / 17-182243

Status Change

576,900576,90003/02/20172185.8 / 185.8

6

$548,000
3317 BROKEN ROCK Way
Washington, UT 84780
Closed / 16-180440

Status Change

565,000548,00003/03/2017100193.89 / 188.06

7

$504,000
2362 E 3670 S
St George, UT 84790
Closed / 16-180837

510,000504,00002/28/201716128.21 / 126.7

8

$493,000
1560 E 1850 S
St George, UT 84790
Closed / 16-179377

Status Change

499,900493,00003/01/201710487.3 / 86.1

9

$490,000
1125 CHAVANO Drive
Ivins, UT 84738
Closed / 17-181501

Status Change

499,000490,00002/28/201748212.79 / 208.96

10

$490,000
1378 N LIBERTY GREENS Drive
Washington, UT 84780
Closed / 17-182307

Status Change

499,000490,00003/03/20179174.72 / 171.57

11

$475,000
12 N Emeraud
St George, UT 84770
Closed / 16-179820

Status Change

475,000475,00003/02/2017109168.68 / 168.68

12

$473,812
1130 W Blue Wren Drive
St George, UT 84790
Closed / 17-181598

Status Change

473,812473,81202/28/20171274.51 / 274.51

13

$433,590
4265 S Kestral Drive
St George, UT 84790
Closed / 16-180704

Status Change

433,900433,59003/01/20171217.28 / 217.12

14

$415,000
3775 S 2640 E
St George, UT 84790
Closed / 16-178979

Status Change

429,000415,00003/01/2017124118.02 / 114.17

15

$400,000
4438 S Cattail Way
Washington, UT 84780
Closed / 16-179242

419,000400,00002/27/2017134131.76 / 125.79

16

$
2255 N Tuweap Drive #10
St George, UT 84770
Closed / 16-179333

Status Change

379,90003/03/2017140247.81 / NA

17

$370,000
2652 E 3580 S
St George, UT 84790
Closed / 16-179886

Status Change

369,900370,00002/28/2017103118.9 / 118.93

18

$349,900
1445 E 1850 S
St George, UT 84790
Closed / 16-181072

349,900349,90002/27/20172572.28 / 72.28

19

$302,985
4259 S Kestral Drive
St George, UT 84790
Closed / 17-181600

Status Change

304,000302,98502/28/20171192.04 / 191.4

20

$292,500
63 W 1845 S
Washington, UT 84780
Closed / 16-180036

299,900292,50002/28/201779146.29 / 142.68

21

$293,500
2765 MOODY Circle
St George, UT 84790
Closed / 16-181372

Status Change

299,900293,50002/28/201722101.83 / 99.66

22

$290,000
423 E 650 S
St George, UT 84770
Closed / 17-181363

299,000290,00002/28/201715123.6 / 119.88

23

$275,000
2862 E Slick Rock
Washington, UT 84780
Closed / 17-181696

Status Change

282,000275,00002/28/20177170.29 / 166.06

24

$332,291
3275 E 3230 Street S
St George, UT 84790
Closed / 16-178302

Status Change

275,500332,29103/02/201770147.17 / 177.51

25

$262,000
27 S Desert Springs Drive
St George, UT 84770
Closed / 16-178472

275,000262,00002/28/2017185156.25 / 148.86

26

$275,000
740 S 100 E
St George, UT 84770
Closed / 17-182712

275,000275,00002/27/20173125.74 / 125.74

27

$265,000
4213 E Torrey Pines Drive
Washington, UT 84780
Closed / 17-181939

Status Change

272,000265,00002/28/201712152.89 / 148.96

28

$263,699
Lot #30 Sweetwater Drive
Santa Clara, UT 84765
Closed / 16-177135

Status Change

255,000263,69903/03/201728155.39 / 160.69

29

$250,000
3369 Comanche Road
St George, UT 84790
Closed / 17-181675

Status Change

249,900250,00002/27/20175117.05 / 117.1

30

$245,000
178 N DONLEE Drive
St George, UT 84770
Closed / 17-181984

Status Change

249,900245,00003/03/2017379.76 / 78.2

31

$233,025
88 W Clover Lane
Washington, UT 84780
Closed / 16-177081

249,000233,02502/27/2017164137.34 / 128.53

32

$245,500
1748 N Serenity Drive
St George, UT 84770
Closed / 17-181666

Status Change

247,500245,50002/28/20176158.96 / 157.68

33

$238,650
6 S DESERT SPRINGS Road
St George, UT 84770
Closed / 16-179143

245,000238,65002/28/2017121153.8 / 149.81

34

$240,000
3436 Moqui Drive
St George, UT 84790
Closed / 17-181524

239,900240,00002/28/201711124.11 / 124.16

35

$243,000
4366 S ASPEN GLOW Drive
St George, UT 84790
Closed / 17-181860

239,900243,00002/28/201721183.13 / 185.5

36

$239,000
2174 WINDOM Place
St George, UT 84790
Closed / 17-182268

Status Change

239,000239,00003/01/20173149 / 149

37

$218,050
357 N 2070 E
St George, UT 84790
Closed / 17-181784

Status Change

220,000218,05003/03/20179157.03 / 155.64

38

$214,400
3119 WILLOW Drive
St George, UT 84790
Closed / 16-181357

214,900214,40002/28/201739150.07 / 149.72

39

$204,000
1090 E 700 S #32
St George, UT 84790
Closed / 16-181309

209,900204,00002/27/201740128.93 / 125.31

40

$193,000
585 N Westridge Drive 5
St George, UT 84770
Closed / 17-181505

199,900193,00002/27/201711111.55 / 107.7

41

$185,000
340 N COUNTRY Lane #62
St George, UT 84770
Closed / 16-180920

Status Change

194,900185,00003/02/201749151.09 / 143.41

42

$178,000
2037 E 180 SOUTH Circle
St George, UT 84790
Closed / 17-181473

193,900178,00002/27/201725144.81 / 132.94

43

$186,700
1616 W 1400 N
St George, UT 84770
Closed / 16-180533

Status Change

189,900186,70003/01/201766147.55 / 145.07

44

$187,000
2377 S Hampton Road
St George, UT 84770
Closed / 16-180005

189,000187,00002/28/201798137.25 / 135.8

45

$180,000
1845 W Canyon View Drive #1633
St George, UT 84770
Closed / 17-182788

Status Change

180,000180,00002/28/201730214.29 / 214.29

46

$179,900
3126 S Chestnut Circle
St George, UT 84790
Closed / 17-182087

Status Change

179,900179,90003/01/20179125.28 / 125.28

47

$177,700
1055 E 900 #93
St George, UT 84790
Closed / 17-181343

Status Change

177,700177,70002/27/201726135.65 / 135.65

48

$171,900
290 W Buena Vista Boulevard #50
Washington, UT 84780
Closed / 16-178438

171,900171,90002/27/20172130.92 / 130.92

49

$169,900
1014 W BLOOMINGTON Drive S
St George, UT 84790
Closed / 16-178416

169,900169,90002/28/201717394.34 / 94.34

50

$169,000
1015 S River #30
St George, UT 84790
Closed / 17-181738

Status Change

169,900169,00003/03/20174124.65 / 123.99

51

$157,000
845 N Valley View Drive 802
St George, UT 84770
Closed / 16-180042

Status Change

165,000157,00003/01/201777141.75 / 134.88

52

$153,000
2990 E Riverside Drive #172
St George, UT 84790
Closed / 17-182124

Status Change

159,900153,00003/03/20177159.58 / 152.69

53

$157,500
1331 N Dixie Downs Road #39
St George, UT 84770
Closed / 16-180717

157,500157,50002/28/201769121.72 / 121.72

54

$155,000
1075 N 1400 S #48
St George, UT 84770
Closed / 17-181781

Status Change

155,000155,00003/01/20175149.18 / 149.18

55

$138,900
280 S 300 W #7
St George, UT 84770
Closed / 17-181549

Status Change

144,900138,90003/03/201718121.56 / 116.53

56

$135,000
550 W 600 N #4
St George, UT 84770
Closed / 17-181865

139,900135,00002/27/20171131.24 / 126.64

57

$143,000
1075 N 1400 W 12
St George, UT 84770
Closed / 17-181935

Status Change

139,900143,00003/03/20173134.65 / 137.63

58

$137,000
1840 W 1100 #3
St George, UT 84770
Closed / 16-178306

Status Change

135,000137,00003/01/201712480.26 / 81.45

59

$130,000
441 E Sunland Drive #6
St George, UT 84790
Closed / 17-181680

Status Change

134,900130,00002/28/20172126.55 / 121.95

60

$125,000
444 Sunland Drive #39
St George, UT 84790
Closed / 16-180841

Status Change

129,900125,00003/01/201756121.86 / 117.26

61

$114,000
860 S Village Road #e-11
St George, UT 84770
Closed / 16-180093

Status Change

119,000114,00002/27/201721164.59 / 157.68

62

$111,000
1122 E 300 S #k220
St George, UT 84770
Closed / 16-181389

Status Change

111,000111,00003/01/20175105.71 / 105.71

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 Saturday, March 6, 2017