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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

weekly real estate report for southern Utah

Cottonwood Creek, Citadel, and Pheasant Meadow: Sold Southern Utah Real Estate

Over the past seven days, southern Utah Realtors sold (closed escrow) 35 homes in Washington County. From the Cottonwood Creek subdivision in Santa Clara to the Citadel in Ivins, Realtors with the Washington County Board closed nearly $12.5 million worth of real estate since last Monday.

It’s Monday, May 8, 2017, and compared to last week’s activity (60 sold), this week’s 35 closed escrows is a strong indication that summertime is upon us. Historically slower thanks to our warmer weather; the Washington County real estate market generally slows down between May and August.

Southern Utah Weekly Real Estate Statistics

Last week, of the 35 sold real estate listings, 24 sold in less than 30 days, 2 took less than 60 days, 3 sold in 90 days, and six took more than 121 days to eventually close escrow. The below graph indicates the ‘Average List Price’ of a home in greater St. George over the last seven days was $370,854. Meanwhile, the average ‘Sold Price’ during the same time period was $356,750. Also worth noting, the Median List Price of a home on the Washington County Board of realtors last week was $239,900 – or $142 per square foot.

Originally listed for $12,979,877, southern Utah’s Realtors collectively closed 35 escrows for $12,486,256, over the past seven days.

 southern Utah weekly real estate statistics

Southern Utah Weekly Real Estate Statistics: Week of May 1, 2017

Top Five Sold Southern Utah Real Estate Listings

List Price: $1,750,000 – Sold Price: $1,500,000 – Days on Market: 187

List Price: $777,000 – Sold Price: $777,000 – Days on Market: 07

List Price: $849,900 – Sold Price: $750,000 – Days on Market: 02

List Price: $759,900 – Sold Price: $745,000 – Days on Market: 04

List Price: $650,000 – Sold Price: $620,000 – Days on Market: 154

Cottonwood Creek, Citadel, and Pheasant Meadow: Sold Southern Utah Real Estate

Sold St. George Utah Real Estate: Week of May 1, 2017

 

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 8, 2017