Welcome to this month’s St. George, Utah real estate market report, presented to you by the Jackie Ruden Realty Team. Want to know how the housing market in St. George ended in 2020? This helpful report will get you up to date.
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Do you need to sell your home soon? The first step to take is to find out what your property may be worth. We provide a free home valuation tool that is simple to use, just answer a few questions about your property and we will provide a market summary of what your property might sell for.
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St. George Utah Housing Stats
The average sale price for homes in St. George, Utah, ended the month of December 2020 at $437,485, an increase of 24.23% from $352,163 at the end of the previous December.
The year ended with the overall average sale price for homes in St. George at $397,729, an increase of 15.03% from $345,767 at the end of 2019.
During December in St. George, there were 449 listings sold, an increase of 2.7% compared to the previous December. At year-end, there was a total of 6,373 listings sold, an increase of 16.5% from 5,471 sold by the end of 2019.
Single-family home listings that went under contract increase in December compared to one year ago, 406 listings were pending, a decrease from 334 from the previous December.
St. George had a slowdown in new listing activity during December 2020. New listings were down from 386 to 359 compared to the previous December. New listings for the year were down 2.3% compared to 2019, down from 7,454 to 7,282.
Total active listings in St. George continue to trend downward. For December 2020 there were only 551 active listings, this down 64.0% when compared to the previous December. For the year active listing totals are down 2.8% from 8,918 at the end of 2019 to 8,666 at the end of 2020.
In St. George, the average number of days a home stayed on the market fell in December to 38 days, down from 45 days during November, and down significantly from 70 days the previous December.
Inventory of single-family homes available has fallen to one month at the end of December. Inventory levels have declined throughout the year, falling from 3 months available in January to less than one month available to start the new year.
The average sale price to list price ratio has climbed steadily this year, rising from 96.7% of list price at closing the beginning of January 2020 to 99.7% at the end of December.
What Does This Mean For Buyers In St George Utah?
As buyers looking for a home in St. George begin the new year, they can expect to see an increase in prices and fewer homes available.
Buyers should act assertively when a property is found and work with their realtor to make their offer stand out amongst the competition. Give us a call today to find out how we do this for our buyers!
What Does This Mean For Sellers In St George Utah?
St. George is currently a seller’s market as interest rates remain low and buyer preferences shift. While homes are selling quickly there are specific features that dominate buyer tastes.
Give us a call at (435) 272-7710 to find out how we help sellers show off the best features of their home and marketed to the most qualified of buyers.
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 average sale price range for St. George. All homes here are priced at $437,485 or less.
Entrada Homes For Sale
