Here’s a look at the St. George and Entrada Real Estate Market for June 2018. Fewer new homes were listed this month, and the number of days to closing increased slightly. 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 May was $375,000. This amount is up 7.17 percent from the $349,900 in May of 2017. The median sale price for May was $290,750, which shows an increase of 4.21 percent from last year’s median sale price of $279,000. 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 1,279 active listings at the end of May. That number is down 5.5 percent from the 1,354 active listings this time last year. There were 540 homes sold in May, which is an increase of 6.9 percent from last year’s 505 homes sold in May. When stats are compared year over year, we see that the real estate market in St. George is showing a 7.6 percent increase in homes sold and a 1.1 percent increase in active listings.
What Does This Mean for Buyers?
The number of new listings decreased this month with 583 fresh properties on the market. Last month, we had 688 new listings. The area is showing a drop of 7 percent from last year’s 627 new listings at this time last year. This decrease could mean more competition when it comes to finding the home of your dreams. If you want to get ahead of other potential buyers, set up your own searches and save them. These searches will allow you to see brand new listings via e-mail. And, if you have the ability to create new searches if your needs change while you are house hunting.
What Does This Mean for Sellers?
The average days on the market at the end of May was 60. This number shows a decrease of 7.69 percent over last year’s 65 days for May, but we are seeing a slight increase in days from last month. What could cause a home to stay on the market too long? Setting the wrong asking price can cost you money and cause your home to sit on the market with few nibbles. 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 average price range for St. George. All homes here are priced at $290,750 or less.
Entrada Homes for Sale
