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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

 

Southern Utah Sales Report: Realtors Sell 309 Homes In July

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.

St. George Utah home prices July 2019

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

Top five real estate sales for southern Utah, July 2019

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

Washington County real estate statistics

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.

Washington County real estate activity

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.

St. George, Utah, July 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 Thursday, August 1, 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.

May 2018 Sales Satistics: St. George Realtors Sell 372 Homes

Sales statistics from the Washington County Board of Realtors indicate May 2018 was another strong month for home sales in southern Utah.

Classified as either a townhome / condominium or a single-family residential home, 214 of last month’s 372 closed escrow’s occurred less than 30 days.

St. George Utah –   Between May 1 and May 31, 2018, Realtors with the Washington County Board successfully closed escrow on just over $135 million in real estate transactions.

With no attention paid to vacant lots and land, commercial, manufactured housing and fractional ownership transactions, May’s statistics provided by Flex MLS indicates the top sale in the last 30 days occurred in Entrada for $2.95 million. Sold by Ellen Plante-Klein of Engel and Volkers St. George, and originally listed for $3.1 Million, that home closed escrow in 23 days.

Sales Statistics May 2018 St. George Real Estate

Per the May sales report, the Average sold price of a home in southern Utah was $364,087.  A perpetual issue of negotiations, listings selling within the “Average” price range were originally listed on the Flex MLS system for roughly $365,752. Since May 1, the median list price for a home in southern Utah has been approximately $299,950, with those medium priced homes typically selling for approximately $305,613.

Sales Statistics for May 2018: Washington County Utah

Statistically speaking, southern Utah home buyers were quick to act during the month of May. More than half, 57.53 percent, of Southern Utah’s single-family residential (or condominium/townhome) sales occurred within 30 days of being placed on the multiple listing service. Those homes that sold within the first 30 days received an average Sales Price to Original List Price ratio of 99.10 percent.

May 2018 Top Five Sold Real Estate Listings

May 2018 Top Five Sold Real Estate Listings

  • List Price: $3,100,000 – Sold Price: $2,950,000 – Days on Market: 23
  • List Price: $2,475,000 – Sold Price: $2,362,500 – Days on Market: 06
  • List Price: $1,895,000 – Sold Price: $1,810,000 – Days on Market: 48
  • List Price $1,449,000 – Sold Price: $1,350,000 – Days on Market: 337
  • List Price: $1,275,000 – Sold Price: $1,100,000 – Days on Market: 71

St. George, Utah, real estate Days on Market Statistics

May 2018 Days on Market

  • 214 southern Utah real estate listings sold in less than 30 days
  • 67 southern Utah real estate listings sold in less than 60 days
  • 32 southern Utah real estate listings sold in less than 90 days
  • 21 southern Utah real estate listings sold in less than  120 days
  • 38 southern Utah real estate listings sold in less than  121+ days

May Real Estate Activity for Washington County

May, 2018, Real Estate Activity for Southern Utah: Month-over-Month and Year-Over-Year Comparison

On a year-over-year comparative basis, so far in 2018, Southern Utah’s active Realtors have sold 2,135 total real estate listings. A 5.3 percent increase from 2017’s 2,027 closed escrows, these sales included 7 listings valued in excess of $1 million.  So far in 2018, 26 homes valued between $1 million and $1,999,999 have successfully closed escrow.

May Real Estate Prices

May statistics provided by the WCBR’s FlexMLS system indicates the Active Average list price in southern Utah has continued to increase steadily since the beginning of the year to $520,265, representing 6.85 percent increase from March 2017.  Also up over the past 12 months, the Average Sales Price for a home in Washington County has witnessed a 6.85 percent on a year-over-year basis.

May Real Estate Absorption Rate

As of Sunday, May 3, there are just 610 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 May 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.

May 2018, Real Estate Absorption Rate and Inventory

 

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, May 3, 2018,  4:20 AM.

Kayenta, Shonto, Entrada: Realtors Sold 72 Homes Week of May 14

Homes in Kayenta, Shonto Point and Entrada were among the top listings sold during the week of May 14, 2018.

Valued at roughly $26.9 million, of last week 72 closed escrows – two of the highest priced sales occurred in Ivins, Utah.

Washington County, Utah – As I mentioned last week, prospective real estate investors in the St. George market might typically notice a seasonal nature to home sales. Ordinarily, the quest to find the perfect home starts during the St. George Parade of Homes in mid-February and dissipates by Father’s Day (June 17). But that’s under normal conditions – and these conditions are  far from normal.

Thanks to a depleted MLS real estate inventory and threats of increased interest rates, last week’s 72 sales demonstrates our real estate market remains strong ( if not overheated) as we prepare for the lazy days of summer.

Southern Utah real estate sales – a week in review

The Washington County Board of Realtors (WCBR) Flex MLS statistics indicate a majority of last week’s successful real estate transactions closed escrow in less than a month:  42 properties sold in less than 30 days; 14 listings spent less than 60 days on the MLS; 4 took between 90 and 120 to close escrow. Leaving 8 of last week’s sold listings on the MLS for more than 121 days.

Week of May 14, 2018, sold southern Utah real estate statistics

Between May 14 – May 19, 2018, the Average List Price of a home sold in southern Utah was   $382,356, while the Average Sold Price was $374,024. Per the WCBR’s FlexMLS statistics, the Median List Price for a home sold in southern Utah last week was $329,712, and sold for an average price of $324,210. 

Two real estate transactions in Ivins, Utah dominated last week’s sales. One home in the Kayenta subdivision was listed for $1,895,000 and sold for $1,810,000 in just under 48 days while another home in Shonto Point was listed for $1,180,000 and sold for $1,130,000 in just 51 days.

Kayenta, Shonto, Entrada: Realtors Sold 72 Homes Week of May 14

Click to view all 72 real estate transactions for southern Utah for the week of May 14, 2018

Top Five Sold St. George Real Estate Listings

  •       List Price: $1,895,000 – Sold Price: $1,810,000 – Days on Market: 48
  •       List Price: $1,180,000 – Sold Price: $1,130,000 – Days on Market: 51
  •       List Price: $998,000 – Sold Price $925,000 – Days on Market: 235
  •       List Price: $969,000 – Sold Price: $906,000 – Days on Market: 54
  •       List Price: $739,000 – Sold Price: $715,000 – Days on Market: 126

The above information is presented as a courtesy of Alex Yeager @ 435MLS.com. Your Southern Utah real estate expert for St. George, Utah and its surrounding communities.

All photos provided by the Washington County Border Realtors, the Flex MLS System, and the listing Realtor. * Information is deemed to be reliable but is not guaranteed. © 2016 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS.com on Sunday, May 20, 2018