St. George Housing Stats
The median list price for homes in St. George at the end of June was $367,000. This amount is up 6.41 percent from the $344,900 in June of 2017. However, we are seeing a decrease from the $375,000 from last month. The median sale price for this month was $295,000, which shows an increase of 12.38 percent from last year’s median sale price of $262,500. There was a slight increase from the $290,750 recorded last month. The highest percentage of homes being sold is in the $200,000 – $400,000 price range.
What Do the Statistics Mean?
In St. George, there were 1,339 active listings at beginning of July. That number is down 4 percent from the 1,395 active listings this time last year but shows an increase from the 1,279 active listings last month. There were 518 homes sold in June, which is an increase of 13.3 percent from last year’s 518 homes sold this month. However, we see a slight decrease in the 540 homes sold last month. When stats are compared year over year, we see that the real estate market in St. George is showing a 9.2 percent increase in homes sold and a 2.8 percent increase in active listings.
What Does This Mean for Buyers?
The number of new listings increased this month with 632 properties being added to the local real estate market. Last month, we recorded 583 new listings. St. George is showing an increase of 2.4 percent from last year’s 617 new listings at this time last year. You can benefit from knowing when new listings hit the market and get a head start on your competition on the home buying race by signing up for a free account and setting up your own searches and save them for updates. These searches will allow you to get updates on new listings via e-mail. You can set up searches that are specific to the criteria that are important when it comes to finding the perfect home.
What Does This Mean for Sellers?
The average days on the market at the end of June was 54. This number shows a decrease of 11.48 percent over last year’s 61 days for June. The number improved over last month’s 60 average days. Set yourself up for success when it comes to the home selling process by setting the asking price for your home correctly from the start. Setting the wrong asking price can cost you money and cause your home to sit on the market too long. Find out what your home is worth by getting a home value estimate here. Contact us to see how we can help create a marketing plan that sells your home.
St. George Homes for Sale
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Here are the most recent home listings just added to the database in the median sale price range for St. George. All homes here are priced at $295,000 or less.
Entrada Homes for Sale