Here’s a look at the St. George and Entrada Real Estate Market for November 2018. The number of new listings added to the real estate inventory showed an increase when compared to last month. Let’s take a closer look at the St. George and Entrada real estate market.
St. George Housing Stats
The median list price for homes in St. George at the end of October was $367,000. This amount is up 7.56 percent from the $341,200 in October of 2017.
The median sale price for this month was $303,000, which shows an increase of 13.06 percent from last year’s median sale price of $268,000. We’re also seeing an increase from the $285,000 recorded last month.
What Do the Statistics Mean?
In St. George, there were 1,549 active listings at beginning of November, which is up 4.9 percent from the 1,476 active listings this time last year. We also see an increase from the 1,430 active listings last month.
There were 425 homes sold in October, which is a decrease of 1.8 percent from last year’s 433 homes sold this same month. However, we are seeing an increase in sales from last month’s 330 that were sold.
When stats are compared year over year, we see that the real estate market in St. George is showing a 5.4 percent increase in homes sold. There is a 2.4 percent increase in active listings.
What Does This Mean for Buyers?
The number of new listings increased this month with 647 properties being added to the local real estate market. There’s a 12.1 percent increase from the 577 new listings in October of 2017, but we are seeing a drop from the 545 new listings last month.
What Does This Mean for Sellers?
The average days a home stayed on the market at the end of October was 58. This number shows a drop of 1.69 percent over last year’s 59 days for this same month.
You want to make sure you’re 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 and lose the interest of potential buyers in the area.
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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See Additional Reports on the St. George Real Estate Market
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 $303,000 or less.
Entrada Homes for Sale
