Here’s a look at the St. George and Entrada Real Estate Market for December 2018. The number of new listings added to the real estate inventory showed a decrease 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 November was $369,000. This amount is up 8.24 percent from the $340,900 in November of 2017.
The median sale price for this month was $291,775, which shows an increase of 3.39 percent from last year’s median sale price of $277,441. We’re seeing a decrease from the $303,000 recorded last month.
What Do the Statistics Mean?
In St. George, there were 1,529 active listings at beginning of December, which is up 7.1 percent from the 1,427 active listings this time last year. We also see a slight increase from the 1,549 active listings last month.
There were 388 homes sold in November, which is a decrease of 3.5 percent from last year’s 402 homes sold this same month. We’re also recording a decrease in sales from last month’s 425 that were sold.
When stats are compared year over year, we see that the real estate market in St. George is showing a 4.6 percent increase in homes sold. There is a 2.2 percent increase in active listings.
What Does This Mean for Buyers?
The number of new listings dropped this month with 482 properties being added to the local real estate market. There’s a 1.2 percent drop from the 488 new listings in November of 2017, and we are seeing a drop from the 647 new listings last month.
What Does This Mean for Sellers?
The average days a home stayed on the market at the end of November was 57. This number shows a substantial drop of 18.57 percent over last year’s 70 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 $291,775 or less.
Entrada Homes for Sale
