How’s the Real Estate Market in St George Utah? April 2015
As a local St George Utah real estate agent, I get asked this question all the time. I’m happy to give my insight and share the knowledge I have regarding the market.
Below are 2 graphs tracking the St George Utah homes for sale market statistics through April 17, 2015.
The real estate market definitely continues to improve here in St George during 2015! The buying market is becoming very competitive, especially in the “under $250k” price range. Average sales price of a home in St George in March 2015 was $246,715. Average days on the market for sold listings the first quarter of 2015 through 4/17/15 was 75.
The inventory of homes for sale remains steady during the first quarter of 2015 as well as sales. The inventory of homes priced under $250,000.
There have been 1013 homes sold through April 17, 2015.
The number of St George foreclosures is decreasing as well as Notices of Default. Many sellers are receiving multiple offers if their homes are in good condition and priced competitively. Homes for sale in Coral Canyon continue to be very popular but the homes priced under $250,000 are diminishing.
Sun River 55+ adult community also continues to show stronger numbers than other areas, due to higher demand from the 55+ active adult community buyers. There are currently 27 homes pending sale in SunRiver and 62 homes for sale.
This information is brought to you by: Erika Rogers – your real estate leader in St. George, UT and surrounding communities. She specializes in new construction, golf course communities, gated communities, 55+ adult communities, St. George luxury real estate, and foreclosures in all Southern Utah communities.