The July 2019 sales statistics are in, southern Utah Realtors sold 309 homes/condos in 31 days.
St. George Utah – Between July 1 and July 31, 2019, Realtors with the Washington County Board successfully closed escrow on just over $106 million in real estate transactions.
Southern Utah Realtors in Washington County sold 309 homes/condos during June 2019, according to MLS statistics from the Washington County Board of Realtors (WCBR) and it’s FlexMLS system. Categorized as either a single-family residential unit or a condominium/townhome, 160 of July’s 309 closed escrow’s occurred less than 30 days.
Ignoring the sale of vacant lots and land, commercial property, manufactured housing and fractional ownership, July’s MLS statistics provided by the WCBR and the Flex system, indicates the top sale in the last 30 days occurred in the subdivision of Lion’s Head Estates at Green Springs for $1.25 million. The property was first listed on the WCBR multiple listing service on 4/23/2019 and closed escrow on 7/23/2019.
Per the WCBR’s sales statistics for July 2019, the ‘Average’ price of a home sold in southern Utah over the past 30 days was $343,491. Also, since July 1, the ‘Median List Price’ for a home in southern Utah has been roughly $315,000, with those homes typically selling for approximately $312,000 – or $170 per square foot. Between July 1 and July 31, Realtors with the Washington County Board successfully closed escrow on 309 real estate transactions valued at $106,138,795.
Southern Utah’s homes were closing quick during the month of July. In Washington County, 51.8 percent of all single-family residential / condominium sales occurred within 30 days of being placed on the MLS, according to FlexMLS. And of real estate listings that sold within the first 30 days, the owners received an average Sales Price to Original List Price ratio of 99 percent.
July 2019 statistics:
Top Five Sold Real Estate Listings
- List Price: $1,250,000 – Sold Price: $1,250,000 – Days on Market: 1
- List Price: $995,000 – Sold Price: $967,500 – Days on Market: 48
- List Price: $898,000 – Sold Price: $835,000 – Days on Market: 122
- List Price $849,900 – Sold Price: $805,000 – Days on Market: 39
- List Price: $760,000 – Sold Price: $740,000 – Days on Market: 106
Days on Market
- 160 southern Utah real estate listings sold in less than 30 days
- 66 southern Utah real estate listings sold in less than 60 days
- 37 southern Utah real estate listings sold in less than 90 days
- 18 southern Utah real estate listings sold in less than 120 days
- 28 southern Utah real estate listings sold in less than 121+ days
Real Estate Activity for Washington County
As of July 31, 2019, Realtors with the WCBR have sold 3,063 real estate listings for the year. Down 4.5 percent on a year-over-year basis, in 2018 Realtors with the local board successfully closed 3,209 deals by July 31.
July Real Estate Absorption Rate
As of Thursday, August 1, there are approximately 736 single-family residential listings and/or condominium/townhomes for sale in the greater St. George area. The WCBR Market Summary for July 2019 indicates our absorption rate is just over 3.5 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.
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 Thursday, August 1, 2019