What’s Happening in the Coral Canyon Real Estate Market – August 2015?
2 homes sold for between $250,000-$350,000
1 home sold for between $550,000-$600,000
Average sales price for a home in Coral Canyon in August 2015 was $282,616-in 2014 it was $200,807. Sales prices increased by 40.74% in August 2015 over August 2014.
Given the number of sales, there was 3.03 month’s supply of homes for sale in Coral Canyon at the end of August 2015.
During the month of August 2015, on average homes in Coral Canyon sold for 95.7% of their original listed price.
There were 22 homes for sale in Coral Canyon during August 2015 which is eight less than last August.
There are also custom homes being built in Coral Canyon and often times those sales are not reported to the multiple listing service.
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 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.