How’s the Coral Canyon Utah Real Estate Market? |  August 2014 Market Report

The Coral Canyon housing market picked up slightly in August 2014.   Available inventory increased in August and prices continue to rise. New construction in Coral Canyon is also picking up and the view lots are going quickly!  You’ll notice that sales prices are increasing and homes priced under $200,000 are diminishing quickly. In August 2014 there were 29 homes for sale in Coral Canyon and only 8 of them were priced under $200,000.
Not familiar with Coral Canyon?  Coral Canyon is a spectacular golf course community with low HOA fees and wonderful amenities, including indoor & outdoor pools for year round enjoyment, just to name a few of it’s highlights!
Check out the latest statistics below~
Coral Canyon Community
There were 3 homes sold in Coral Canyon during August 2014~1 home sold for between $150,000-$200,000
1 home sold for between $200,000-$250,000
1 home sold for between $250,000-$300,000

For a year over year comparison-

Average sales price for a home in Coral Canyon in August 2014 was $210,076-in 2013 it was $282,618.  Sales prices decreased by  25.67% in August 2014 over August  2013.

Given the number of sales, there was  4.09 month’s supply of homes for sale in Coral Canyon at the end of August 2014. 

During the month of August 2014 on average, homes in Coral Canyon sold for 96.3% of their original listed price.

There were 29 homes for sale in Coral Canyon during August 2014 which is 4 more than the year before.

Prices are great, although they look to be rising.  Inventory of homes for sale in Coral Canyon is better than last year although homes priced under $200,000 are limited.  Interest rates are at historic lows which makes this a wonderful time to purchase a home in St George!  It looks like the St George Utah real estate market is bouncing back and prices are starting to rise.

The above information was taken from data on the Washington County Utah MLS. Neither the Washington County MLS, ReMax First Realty or Erika Rogers  guarantees or is responsible for its accuracy.  Market data does not show FSBO, non broker members listings, or listings not published.

This information provided by: Erika RogersYour real estate resource guide. Serving St. George UT and surrounding communities.