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Washington County Realtors Sell 57 Listings Week Of August 4

St. George Realtors sold 57 properties during the first week of August

St. George, Utah – Southern Utah Realtors have been busy over the past week. Selling just over $19 million in real estate within the past seven days, Washington County’s Realtors closed escrow on 57 real estate transactions since last Monday, according to FlexMLS. The ‘Median’ sales price of a home in St. George for the week of August 4, 2109 was  $327,000 – or $166 per square foot.

St. George Real Estate Statistics: Week of  August 5, 2019

Per the WCBR (Washington County Border Realtors ) and it’s FlexMLS system, Realtors closed escrow on $19,956,964 worth of single-family residential real estate. Of last week’s 57 sold listings, 29 spent less than 30 days on the WCBR MLS (multiple listing service); 9 homes took less than 60 days close escrows (COE); 7 listings sold within 90 days; 3 took between 90 and 120 to COE, and  another 9 listing took more 121 days on the MLS to find the right buyer.

St. George Utah Realtors sold $19,956,964 worth of single-family residential real estate last week

Top Five Sold St. George Real Estate Listings

  • List Price: $ $999,999 – Sold Price: $980,000 – Days on Market: 165
  • List Price: $864,000 – Sold Price:  $860,000 – Days on Market: 06
  • List Price: $898,000 – Sold Price:  $835,000 – Days on Market:122
  • List Price: $629,900 – Sold Price: $600,000 – Days on Market:83
  • List Price: $559,900 – Sold Price: $554,400 – Days on Market: 127

Top 5 Washington County real estate sales

As of last Monday, the top five real estate sales in Washington County occurred in the following subdivisions: Shonto Point, The Reserve at Snow Canyon, Encanto Resort, High Chaparral and Cliff Rose. 

All photos provided by the Washington County Border Realtors, Flex MLS, and the listing Realtor. All information is deemed to be reliable but is not guaranteed. © 2019 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Monday, August  5, 2019

 

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.

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

Sold Washington County Real Estate Listings

The Ledges, Stone Cliff, Greystone: 37 Homes Sold Last Week

Sold! 

From The Ledges of St. George to the upscale community of Stone Cliff and Greystone estates, 37 single-family residential listings or condos/townhomes sold last week, in Washington County Utah.

Sold after 452 Collective Days on Market (CDOM) for $341.85 per sq. ft., last week’s successful sale up at The Ledges of St. George represented the highest per square foot sales price in Washington County for the week. Originally listed for $371.43 per square foot, the 6,728 sq. ft. house was originally built in 2008.

St. George Utah Weekly Real Estate Statistics

Last week, the Average List Price for a home in southern Utah was $399,049. Spending less than 80 days on the Washington County Board of Realtors MLS system and selling for nearly 100% of their initial list price, those homes falling within the “Average” LP sold for approximately $393,760. As to those Homes falling within the “Median” range in southern Utah, they were asking $324,800 and closed escrow less than 30 days later for $315,000.

Most intriguing, according to last week’s stats, Southern Utah’s luxury real estate listings had a ‘Sold/List Ratio’ of 123.65%. Traditionally taking longer to sell, those listings falling within the ‘High’ category had average collective days on market of approximately 641 days and sold for around $341 per square foot.

Also noteworthy, the southern Utah real estate market sold $14,569,151 worth of inventory since last Monday.

Top Five Sold Washington County Real Estate Listings

  1. List Price: $2,499,000 – Sold Price: $2,300,000 – Days on Market: 452
  2. List Price: $999,900 – Sold Price: $980,000 – Days on Market: 84
  3. List Price: $869,900 – Sold Price: $820,000 – Days on Market: 305
  4. List Price: $595,750 – Sold Price: $585,000 – Days on Market: 13
  5. List Price: $545,180 – Sold Price: $568,685 – Days on Market: 211
 Washington County top five real estate sales

Sold: Southern Utah’s top five real estate sales

The Ledges, Stone Cliff, Greystone: 37 Homes Sold Last Week

 Washington County real estate report

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, April 10, 2017

St. George Utah Real Estate Market Statistics

St. George Utah Real Estate Market Statistics

St. George, Utah – its Monday, December 1, 2014 and the Washington County Board of Realtor’s FlexMLS system have just released last month’s real estate statistics for the Southern Utah market.

While the St. George Utah real estate market has improved in many ways over the past 12 months, some sectors still remain afflicted by fear of the unknown. Briefly summarizing the below data sets for the greater St. George real estate market, we begin to get a clearer picture of where the market is headed.

As is true in most real estate markets, some sellers have an inflated sense of their homes value – and will pressure their Realtor into listing their property at a price per square foot that is not supported by the markets activity. That difference promotes the chasm between the number of listings on the MLS (currently just north of 1,800) versus the number of sold properties during the past 30 days – totaling approximately 215.

St. George Utah Real Estate Market Statistics

St. George Utah Real Estate Market Statistics

Regardless of their rationale, over the past 30 days, the average list price for a St. George property has hovered around $270,000. While inexpensive on a national level, it leaves a lot of room for negotiations when considering the median sales price of a St. George home is approximately $210,000.

St. George Utah Real Estate Market Statistics

St. George Utah Real Estate Market Statistics

St. George Utah real estate statistics for the month of November: The markets absorption rate for November remained high at 6.7 months, and the average list price was $368,637 during the past 30 days. Regardless of the seller’s asking price, St. George Utah’s average sales price was $260,881, nearly $100,000 less than the average list price. Meanwhile, the median sales price of a St. George Utah listing remained affordable at $209,500, accumulating an average day’s on market of 103 days.

While not overly impressive on a national scale, these numbers represent significant progress from November 2013 – see below charts.

St. George Utah Real Estate Market Statistics

St. George Utah Real Estate Market Statistics

As 2014 rapidly heads for the finish line … Southern Utah’s real estate market has made some significant improvements over the past 12 months.

 

St. George Utah Real Estate Statistics: October 2014

St. George, Utah – it’s Sunday morning November 2, 2014 – and here are the individual data sets for October, which collectively describe the overall Southern Utah Real Estate market conditions.

The first set of St. George Utah Real Estate statistics outlines the overall sales volume by its defined area: Greater St. George (Santa Clara, Ivins, Bloomington, Bloomington Hills, and St. George), Hurricane Valley, Northeast Wn, Northwest Wn, Outside area, and Zion Park.

St. George Utah Real Estate Statistics: October 2014

St. George Utah Real Estate Statistics: October 2014

Based on the MLS statistics provided by the Washington County Board of Realtors and our FlexMLS system, we can see a total of 316 Residential units sold for the entire month of October. For the sake of this data set, “residential units” are defined as both single-family residential units and condominiums/townhomes. According to the sales statistics data, the 316 sold residential units equaled a sales volume worth $73,934,679, representing an average sales price of $239,271. For October 2014, the average Days On Market (DOM) for an accurately priced listing in St. George Utah was 69, with a Cumulative Days On Market (CDOM: from the date it was listed, to the date it closed escrow) of 100.

 St. George Utah Year to Date Activity Report

The next interesting data set looks at Year-to-Date activity for the greater St. George Utah real estate market. At a glance, the MLS data indicates that 4,314 new listings were taken during the month of October, with 317 properties pending escrow – and 2,249 successfully closing escrow (COE). The Year-to-Date average sales price for the greater St. George Real Estate market is $254,398, with the average listing lasting approximately 89 days on the MLS – DOM (days on market).

St. George Utah Year to date activity report

St. George Utah Year to date activity report

St. George Utah Real Estate Statistics: October 2014

For the greater St. George residential real estate market, the number of Active listings held steady when compared to both New and Sold listings. Also for the month of October, there was a discernible spike in both the New Median List Price, as well as the New Median Sold Price for Southern Utah Real Estate. As lenders began to loosen their requirements and developers begin to build new inventory, St. George’s absorption ratethe rate at which we would run out of inventory if no new houses were added to the MLS – has passed the seven month mark. As our inventory increases marginally, the sold price to list price ratiothe difference between the original list price and the actual sales price – remains just south of 96%. Indicating our areas Realtors are getting better at preparing their Comparative Market Analysis (CMA) for their sellers, and thereby listing the property closer to its fair market value. The next data set – Days On Market – has several variables that feed into it; the time of year (holiday season), list price, and interest rates. As we glance up to two of the above data sets; “Number of listings” and “Listing prices” there is a noticeable uptick in both the number of listings and the average listing price. Those two data sets directly correlate – in conjunction with the fast approaching holiday season – with the increased days on market. The last data set, “Price volume” is also related to the first two data sets. As the number of listings increase, as well as the overall average List price, our Price volume parallels those increases.

 St. George Utah real estate statistics

St. George Utah real estate statistics

St George Utah Real Estate Market Statistics

St George Utah  Real Estate Market Statistics | September 20, 2014

St. George, Utah – Before I go out on Saturday morning and tour the existing Open Houses, I make sure to do a little research – paying close attention to the number of listings available, the average list price versus the average sold price, the market’s current absorption rate in months, it’s sold to list ratio, the WCBR MLS inventory’s average days on market. As well as a few other summary statistics: like its absorption rate, average list price, median list price, average sale price, median sale price, and the average DOM (Days on market).

By comparing these data sets for the Greater St. George area, we see that the Southern Utah Real Estate Prices and Values have made a serious comeback since the low point of late 2011 — early 2012. At that historic low in 2012, the median price was approximately $190,000. Fast-forward two hectic years in the St. George Real Estate market and we see the average median price home listed on the MLS at approximately $265,000 … with a average median sale price of $203,000.

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