Welcome to this month’s St. George, Utah real estate market report brought to you by The Jackie Ruden Realty Team. We hope everyone is staying safe, practicing social distancing, and staying in touch with loved ones as the COVID-19 crisis passes. We are still buying and selling homes for clients and following CDC and health department guidelines so everyone can stay safe and healthy.
Are you considering buying a home soon? Despite the uncertainty in the market, you can still search for homes using our search tool. It’s free to use, simply find homes buy price, size, or location. Make sure to save your searches and sign up to be notified as soon as new properties become available. Give us a call today so we can let you know how we are helping buyers find the perfect home!
If you are considering selling your home we have a free home valuation tool. that will provide you an idea of your home’s worth. Answer a few questions about your home and we will provide you with an estimate of your home’s market value. We will give you a call and discuss with the best pricing and marketing strategies to get your home sold quickly.
St. George Utah Housing Stats
The average sale price for single-family homes in St. George, Utah ended March 2020 at $379,934, up from the average of $341,031 at the end of March 2019. The year to date average sale price for homes is currently $365,575, which is up from the average of $329,617 at this time last year.
There were 425 listings sold during March, an increase of 5 compared to March of last year. The majority of homes sold were in the $250-349,000 price range which had a total of 140 units sold during March 2020. The next highest price range with the most activity of sold listings was in the $350-399,000 price bracket which had 48 total sales. The $450-499,000 market had the highest increase in year over year activity increasing from 17 sales one year ago to 38 sold during March 2020.
During March 2020 a total of 613 new listings hit the market, also a decrease from the 645 during March 2019. New listing activity was down across all price ranges with the exception of the $300-349,000 price bracket which had a 20% increase in listings year over year, up from 58 in March 2019 to 70 during March 2020.
The total selling volume for March was $190,000,000, a slight increase from the previous month. Total selling volume increased from February to March, however total listing volume has decreased from February to March this year which indicates a slowdown in activity and a decline in inventory.
The sold to list price ratio was 97.3% and homes were on the market for an average of 63 days before being sold. The sold to list ratio increased over the last three months, rising from 96.7% in January 2020 to 97.3% at the end of March 2020.
At the end of March 2020, there was approximately 3.3 months of inventory available in the St. George real estate market. While inventory spiked to 3.4 months in February, it is more likely inventory will decrease over the next couple of months as sellers wait for the economy to open up and the Covid-19 rules to come to an end.
What Does This Mean For Buyers In St George Utah?
If you are thinking of buying a home this year, give us a call at the Jackie Ruden Realty Team. We will put our experience and knowledge to work for you, to answer your questions, and ease your concerns. Give us a call today!
What Does This Mean For Sellers In St George Utah?
The Jackie Ruden Realty Team is here to help you during this pandemic. There are still buyers looking for home, and we work to make sure the home your selling is shown safely to prospective buyers. To find out the latest about the St. George real estate market and how we are conducting business safely give us a call today and we can help you get your home sold.
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 $379,934 or less.
Entrada Homes For Sale
