Here’s a look at the St. George and Entrada Real Estate Market for September 2018. The number of new listings being added to the market has dropped for the third month in a row. 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 August was $364,950. This amount is up 7.37 percent from the $339,900 in August of 2017. For the third month in a row, we are seeing a drop in the median list price. Last month’s median list price was $365,000.
The median sale price for this month was $295,000, which shows an increase of 11.32 percent from last year’s median sale price of $265,500. There was a decrease from the $299,900 recorded last month. The highest percentage of homes being sold remains in the $200,000 – $400,000 price range.
What Do the Statistics Mean?
In St. George, there were 1,388 active listings at beginning of September. That number is up 2 percent from the 1,361 active listings this time last year. We also see an increase from the 1,350 active listings last month. There were 410 homes sold in August, which is a decrease of 9.7 percent from last year’s 454 homes sold this month. We also see a decrease from the 465 homes sold last month. When stats are compared year over year, we see that the real estate market in St. George is showing a 6.6 percent increase in homes sold and a 1.5 percent increase in active listings.
What Does This Mean for Buyers?
The number of new listings increased this month with 566 properties being added to the local real estate market. Last month, we recorded 523 new listings. We’re seeing a drop of 8.4 percent when compared to the 618 new listings in August 2017. We’re seeing a steady decline in the number of new months as we move into Autumn.
Sign up for a free account that will help you navigate the home buying process and allow you to set 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, and you may just get an edge on the competition for homes in the area.
What Does This Mean for Sellers?
The average days on the market at the end of August held steady at 53. This number shows a decrease of 17.19 percent over last year’s 64 days for August. When it comes to the home selling process, you want to give yourself an advantage 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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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 $295,000 or less.
Entrada Homes for Sale
