Welcome to this month’s St. Georges, Utah real estate market report, presented to you by the Jackie Ruden Realty Team.
Are you planning on buying or selling a home in the coming months? This handy report will help you understand what is happening in the St George housing market.
Are you a buyer searching for a home? We can help! You can easily search for properties using our search tool to find homes by price range, neighborhood, or size! Once you find properties that match your criteria, save your search, then, sign up to be notified as soon as new listings become available.
Are you considering selling your home? If so, we provide a free home valuation tool that is simple and easy to use. Click on the “Estimate Home Value” tab above, answer a few questions; and we will provide to you information about how much your home may sell for in the St. George real estate market. Give us a call today!
St. George Utah Housing Stats
The average sale price for single-family homes in the St. George, Utah, real estate market ended December 2019 at $350,862, the average sale price is down 3.33% from $362,942 when compared to December 2018.
In St. George during December 2019, a total of 373 new listings became available to buyers, an increase of 14.8% from 325 in December 2018. Of the new listings on the market, the majority were in the $250-299,999 price range, which added 68 new properties. The next highest was in the $500-749,999 price bracket, which added 45 new listings. The third-highest number of new listings was in the $200-249,999 price range, which added 42 new units.
There were 321 properties that went under contract in December 2019, up from 254 the previous December. The $250-299,999 price range had the highest number of properties pending sale with 52, followed closely by the $200-249,999 price bracket with 50. The third most active price range was in the $300-349,999 market which had 49 units pending.
St George Year End Housing Stats
The average sale price for the year finished at $345,362, higher than the 2018 year average of $328,943. Total sales volume finished the year just under $200,000,000.
A total of 5,448 units were sold during the year in St. George and there were 7,455 listings were available throughout 2019.
Seller’s average list to sale price ratio ended the year at 96.9%, down from its high in January 2019 of 97.8%. The list to price ratio stayed at 97.0% for most of the year, rising slightly above 97.0% during the months of July, September, and November.
The number of days a home stayed on the market before being sold ended the year at 67 days. Average days on the market started the year where it ended at 67. Days on the market decreased in the middle of summer, falling to 52 days, then increased during August and September, before falling again to 52 during October and November.
What Does This Mean For Buyers In St George Utah?
Buyers searching for homes will find slightly less inventory, especially in the $199,999 price range or less. Shoppers who have a budget in $400,000 and up category will find new listings available. While inventory has tightened, buyers can still find suitable properties in their price range.
Buyers should have their financing in place and be ready to act as soon as a property is found. Here at the Jackie Ruden Realty Team, we help buyers find a perfect home! We work with you through the entire process, from submitting the most competitive bid, performing due diligence while under contract, and closing the deal on time. Give us a call today to find out how we can get you into a new home as quickly as possible.
What Does This Mean For Sellers In St George Utah?
Now is a great time to get your home listed on the market here in St. George. Sellers can take advantage of the low inventory and high list to sale price ratio that is trending to get their property sold. While the winter season is traditionally slower than the rest of the year, there are buyers actively looking for properties that have yet to find a home, maybe yours is the one they are looking for.
Sellers can use our free home valuation tool to get an idea of their home’s worth, then give us a call and we can answer all of your questions about selling your home. We put our experience to work for you to price your home competitively, show off the best features, and market your home to the most qualified buyers. Give us a call today to get started!
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!
See Additional Reports on the St. George Real Estate Market
St. George Homes for Sale
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 $350,862 or less.
Entrada Homes For Sale
