St. George and Entrada Real Estate Market Report – May 2018

New homes are hitting the market, and home buyers are wasting no time when it comes to reaching the closing table. This is good news for sellers who are adding to the increase of new listings. Let’s take a closer look at the St. George and Entrada real estate market.

The median list price for homes in St. George at the end of April was $381,240. This amount is up 11.87 percent from the $340,800 in April of 2017. The median sale price for April was $278,950, which shows an increase of 7.33 percent from last year’s median sale price of $259,900. The highest percentage of homes being sold remains in the $200,000 – $300,000 price range.

In St. George, there were 1,329 active listings at the end of April. That number is down 3.4 percent from the 1,376 active listings this time last year. There were 444 homes sold in April, which is an increase of 6.7 percent from last year’s 416 homes sold in April. When stats are compared year over year, we see that the real estate market in St. George is showing a 4.3 percent increase in homes sold and a 2.3 percent increase in active listings.

Things are looking up for home buyers in the St. George and Entrada area. We saw 688 new listings hit the market in April. That’s an impressive increase of 25.8 percent from the 547 properties listed in April of 2017. With additional choices being added to the market, you don’t want to miss out on getting the first glance at new listings. 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.

The average days on the market at the end of April was 54. This number shows an impressive decrease of 31.65 percent over last year’s 79 days for April. This is good news for home sellers because it shows that buyers are highly motivated to close on home sales as quickly as possible. It’s a great time to find out exactly how much your home is worth! Get an estimate here, and then contact us to see how we can make sure you set your asking price right from the start.

Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

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 $278,950 or less.