Welcome to this month’s St. George, Utah real estate market report, presented to you by the Jackie Ruden Realty Team. For answers to all your home buying or selling questions, give the experienced professionals at Jackie Ruden Realty today!
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St. George Utah Housing Stats
The average sale price for single-family homes in St. George, Utah for the month of June was $522,146, a year-to-year increase of 39.43% from $374,493. For the year so far, the average sale price for homes in St. George is $505,915, an increase of 36.20% from $371,438 at the end of the previous June.
The average list price for homes in St. George ended June at $912,103, a steep increase from one year ago of 72.25%. At the end of June, the average list price for single-family homes for the year is $599,799, up 34.95% from $444,470 at this time one year ago.
There were 554 single-family homes sold in St. George during June, a year-to-year drop of 6.6%. At the end of June 2021, there have been 3,012 single-family properties sold, an increase in activity of 11.5% compared to this same time last year.
A total of 514 properties went under contract, a decrease of 27.6% from the previous June. The total number of pending listings is in line with the total at this time last year, so far for the year, 3,157 have gone under contract compared to 3,167 at this time last year.
There were 679 new listings to hit the market in St. George in June, an increase of 7.8% compared to the previous June. Inventory of available homes is in decline, new listings are down 11.1% for the year from 3,962 at the end of the previous June to 3,521 at the end of June 2021.
There is approximately one month of single-family home inventory available to buyers in St. George, and homes are on the market for an average of 15 days before being sold. Inventory levels for the last three months have been slowly climbing, up from half a month of inventory at the end of April 2021 to one month of supply at the end of June 2021.
Sellers are getting approximately 101.5% of their list price for their homes at closing. Sellers list to sale price ratio has stayed above 100% for the last three months and has just recently dropped half a percent from May to June.
What Does This Mean For Buyers In St George Utah?
Buyers should be ready to buy when a property is found. As prices continue to climb buyers should have financing in place and be prepared to act when a property is found. As demand has been increasing so have home prices, buyers may find some markets staying flat but overall expect continuing increases in listing prices.
Buyers should work to make their bid stand out as competition has created an environment of overbidding for homes.
Give the Jackie Ruden Realty Team a call at (435) 272-7710 to find out how we can help you in the dynamic St. George, Utah real estate market. Don’t hesitate and miss out on the perfect property waiting for you!
What Does This Mean For Sellers In St George Utah?
Currently, St. George, Utah real estate market favors sellers, as interest rates remain low and St. George remains a popular relocation destination for buyers, expect this trend to continue.
Sellers of single-family homes are currently getting 102% of their list price for their homes at closing. If you have been unsure about selling, now is a great time to get your property listed and on the market.
Give us a call at the Jackie Ruden Realty Team at (435) 272-7710 to find out how we list and actively market your home to the most qualified of buyers. Let’s get started 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!
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 $522,146 or less.
Entrada Homes For Sale