Welcome to this month’s St. George, Utah real estate market report. The Jackie Ruden Realty Team wants to help you get ready for the spring buying and selling season with the latest data about the St. George, Utah real estate market. We will take a look at what homes are selling for and how much inventory is available on the market heading in to spring.
Are you thinking of buying a home? We can help you find the perfect home by using the search tool on our site. Simply type in your criteria: price, size, or location and search! Be sure to save your searches and sign up to be notified as soon as new matching properties become available. Then give us a call so we can answer all your questions about homes you might be interested in.
If you are a seller thinking about selling your home and want to get an idea of your home’s worth, then take a few minutes to use our home valuation tool. It is free and easy to use. Once you complete the form, we will provide you an idea of your home’s estimated market value, and discuss with you about listing your home to sell quickly.
St. George Utah Housing Stats
At the end of February 2020 the average sale price for homes in St. George finished at $356,604, up from $325,955 last February. The average list price for homes finished the month at $525,106, up from $470,506 one year ago.
There were a total of 350 homes sold during February 2020, up from 329 during this time last year. The majority of homes sold were in the $200-300,000 price range, with 108 total sales. The market with the highest percentage increase in the number of sales was the $450-499,000 price range which increased from 17 sales last February to 30 during February 2020.
A total of 700 new listings hit the market in St. George last month. The price range with the highest number of new listings was the $500-749,000 price range which had 113 new listings available. There next highest was 93 in the $300-349,000 market, and 92 in the $250-299,000 price range.
A total of 569 listings went under contract during February 2020, up from 406 last February. The $250-299,000 price range was the most active with a total of 91 homes pending. The next highest was the $200-249,000 market with 79 homes under contract, and the $350-399,000 price range was the third-highest in activity with a total of 72 single-family homes going under contract.
There is good news for buyers as inventory has steadily increased from December 2019’s average of 3.2 months to the 3.4 months of inventory available at the end of February 2020.
What Does This Mean For Buyers In St George Utah?
For buyers in St. George, Utah looking to buy a home soon, time is of the essence, prices are rising slightly, and competition is starting to pick up. While the good news is that inventory is increasing, the coming spring and summer will bring out more competition. It is important for buyers to have financing in place and be ready to act when the perfect home is found.
The Jackie Ruden Realty Team puts our experience to work for you finding the perfect home. We explain what is happening in the market, help you narrow your choices, and work with you to submit the most competitive offer possible. Give us a call today!
What Does This Mean For Sellers In St George Utah?
If you are considering selling your home in St. George, now is a great time to get your home listed. The positive indicators of rising prices, low-interest rates, and minimal inventory should motivate sellers to get their homes on the market in preparation for the spring buying season.
We can help sellers price their home accurately, show off your home’s best features, and market it to the most qualified buyers. The Jackie Ruden Realty Team‘s experience and knowledge are ready for you to get your home listed and sold as quickly as possible. Give us a call today!
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 $356,604 or less.
Entrada Homes For Sale
