Welcome to this month’s St. George, Utah real estate market report, presented to you by the Jackie Ruden Realty Team. This report is provided as a service to any buyer or seller of real estate who wants to know what the market is doing and how best to position themselves for the coming months.
If you are considering buying a home in beautiful St. George, Utah, then begin your search here. Our easy-to-use search tool is up to date with all available listings in the St. George area. Buyers can find houses by price, size, location, and more! Be sure to save the properties you want to tour, lastly, don’t forget to sign up to be notified as soon as new homes become listed so you don’t miss out!
Are you thinking of selling your home but not sure where to begin pricing in this market of rising home prices? We provide to potential sellers a free home valuation tool to get an idea of your property’s worth. Enter some basic information about your home and we will provide you a competitive market summary suggesting a beginning listing price for your home. Then we can show you how we market and sell your home as fast as possible.
St. George Utah Housing Stats
The average sale price for single-family homes in St. George, Utah, at the end of August 2021 was $500,705, up 29.34% from one year ago. For the year the average sale price for single-family homes in St. George is $511,711, up 34.5% from $380,446.
The average list price for homes during this same time was $844,232, up 42.24% from the previous year. So far for 2021, average list prices are up 33.65% from $444,901 to $594,591 at the end of August.
There were 479 single-family homes sold in St. George during August, a drop of 27.5% from 661 sold during the previous August. The number of single-family homes sold so far this year is just 2.8% less than the year before, down from 4,080 to 3,978.
A total of 543 properties went under contract last month, this is also a year-to-year drop in activity by 23.2% from 707 during the previous August. The number of pending listings in St. George are down 8.5% for the year from 4,597 at this time last year to 4,206 pending listings so far for 2021.
A total of 740 new listings hit the market in St. George during August, this is up 9% from 679 one year ago. For the year new listing activity is down 6.3% compared to this time last year, from 5,302 to 4,969.
Single-family homes were on the market for an average of 16 days before being sold during August, this is a year-to-year increase of 73%, and single-family homes were on the market for an average of 60 days before being sold the previous August.
The sold price to list price ratio for sellers dropped for the third consecutive month at the end of August, down from 101.5% in June to 100% at the end of August.
Total inventory at the end of August for St. George was 1.3 months of single-family home supply available. Inventory is up over the last three months from just one month of supply at the beginning of June.
What Does This Mean For Buyers In St George Utah?
The good news for buyers looking for a home in St. George is that inventory has increased slightly over the summer months. While some price points are seeing homes sitting for slightly longer, in other price ranges, homes are only on the market for a short time before being under contract.
Buyers should understand time is not on their side as prices are increasing and waiting around for the perfect home will only see your purchasing power decrease.
Buyers should have financing in place and be ready to act as soon as a property is found. Buyers looking for a great home in St. George, Utah, should give the Jackie Ruden Realty Team a call at (435) 272-7710 and find out how we help buyers find the perfect home!
What Does This Mean For Sellers In St George Utah?
Sellers who may have been hesitant over the summer to sell their homes should consider getting their homes listed and on the market today.
As prices continue to rise, interest rates remain low, and buyers relocate to the area, demand for homes will continue into the last three quarters of the year.
The Jackie Ruden Realty Team understands how to sell homes in a dynamic market like St. George. We work to create a plan that markets your home to the most qualified of buyers, shows off the best and most in-demand features of your home, and finalizes with a stress-free closing.
If you are interested in buying or selling a home, take advantage of the knowledge and tools we provide on this site. As a buyer educate yourself as much as possible with the articles on the right-hand side of this page, and if you are considering selling your home take advantage of our free home valuation tool. Give the Jackie Ruden Realty Team a call today and we will put our expertise to work for you!
St. George Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for St. George. All homes here are priced at $500,705 or less.
Entrada Homes For Sale