Southern Utah Realtors in Washington County successfully closed escrow on 30 real estate transactions over the past seven days – and selling approximately $9.2 million worth of St. George real estate inventory.
St. George, Utah – Despite southern Utah’s hyperactive real estate market remaining vibrant over the past few years – there are a few housing trends that southern Utah home buyers should be aware of as we head into 2018: Our local inventory should start to increase, homeowner appreciation should taper off, Millennials will embrace homeownership, and the GOP’s tax reform will likely restrict the sale of property over $750,000.
A mixed bag of real estate news – according to the National Association of Realtors (NAR) and realtor.com, Utah’s 2018 housing market is predicted to remain healthy, hectic, and stable for the foreseeable future. Per NAR’s forecast of the top 100 metropolitan statistical areas (MSA) in the US, Salt Lake City is projected to see their annual sales increase by 4.62 percent in 2018.
Sold Washington County Real Estate – Week of January 22
That said, St. George realtors closed escrow on real estate totaling $9,280,512 over the past seven days.
Washington County Real Estate ‘Sold’ Statistics
Per the Washington County Border Realtors’ (WCBR) MLS system, for the week of January 22, the ‘Average’ price of a home sold in southern Utah was $309,350; the ‘Median’ home price of a home sold in southern Utah was $287,500, and Washington County’s most affordable listing sold for $131,400 last week. Of last week’s 30 closed escrows, 18 listings spent less than 30 days on the WCBR MLS, 4 sold in less than 60 days, 1 closed escrow in less than 90 days, and another 5 took between 90 and 120 to officially close escrow.
Top five Sold St. George Real Estate Listings
- List Price: $889,000 – Sold Price: $875,000 – Days on Market: 323
- List Price: $675,000 – Sold Price: $645,000 – Days on Market: 101
- List Price: $595,000 – Sold Price: $580,000 – Days on Market: 137
- List Price: $489,000 – Sold Price: $480,000 – Days on Market: 263
- List Price: $474,900 – Sold Price: $470,000 – Days on Market: 58
Over the past seven days, the top five sold St. George Utah real estate listings occurred in the following subdivisions: The Ledges of St. George, Castle Rock, Sunriver, Paradise Canyon, and Washington Vista.
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, Flex MLS, and the listing Realtor.
* Information is deemed to be reliable but is not guaranteed. © 2017 MLS and FBS. Prepared by ALEXANDER YEAGER, 435MLS on Saturday, Jan 29, 2018