Welcome to this month’s St. George, Utah real estate market report by the Jackie Ruden Realty Team. Are you considering buying or selling a home soon and are curious to know how much a property sells for? This helpful report will get you up to date!
Are you ready to buy a home? We can help, start here and safely search, select, and tour your favorite properties. Be sure to save your “must-see” homes and sign up to be notified as soon as new matching properties become available.
Ready to sell? The first step to selling your home is knowing what it might be worth. Find out the market potential of your home by using our free home valuation tool. It’s free! Simply answer a few questions about your home and we will provide an estimate of its selling price.
St. George Utah Housing Stats
The average sale price for single-family homes in St George, Utah, ended November 2020 at $466,276, up 26.42% from $368,816 the previous November. The year to date average sale price is $395,179, 14.47% ahead of last year’s average of $345,212.
There were 495 properties sold in St George last month, a 12.8% improvement from 439 sold during November 2019. So far this year there have been 5,863 properties sold, outpacing the previous year’s number of 5,034.
While pending listings remained unchanged at 469 for November 2020 compared to the previous November, all price markets from $399,000 or less saw declines in the number of pending listings. Primarily due to Covid restrictions in Utah.
There were 413 new listings to hit the market in St George, a decrease of 17.4% from the 500 new listings during the previous November. New listings are down as sellers wait for restrictions to lift or due to Covid concerns.
There are a total 612 active listings in St George, currently just a month of inventory available to buyers. The Covid-19 rules have had a big impact on active listings. Active listings are down 62.5% from 1,630 one year ago.
The reduction in new and active listings has reduced the amount of inventory available in St George, Utah to 1.1 month. Inventory levels have dropped throughout the year, down from 3.2 months available in January 2020.
Homes are on the market for less than 50 days before being sold, and sellers are getting 98.7% of the original list price for the home when sold.
What Does This Mean For Buyers In St George Utah?
Buyers can still safely find and tour homes in St George, we work to make sure safety and sanitization standards are met. If you are ready to buy, give us a call today to get started!
What Does This Mean For Sellers In St George Utah?
Sellers can take advantage of reduced inventory and the high list to sale price ratio to get the most out of their investment. With interest rates continuing to be attractive, and buyer preferences shifting, there is still demand homes.
If you are ready to sell, give us a call so we can show you how we market the best features of your home to the most qualified buyers. You need a great agent on your side who understands the market in St George, Utah to get your home sold quickly. Give us a call at (435) 272-7710.
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 median sale price range for St. George. All homes here are priced at $466,276 or less.
Entrada Homes For Sale