Welcome to this month’s St. George, Utah real estate market report, presented to you by the Jackie Ruden Realty Team. Are you curious to know how the market is performing as we head into the Holiday Season? Read this helpful report to get caught up!
Are you ready to buy a home? Start your search here by using our search tool to find homes by price, size, location, and more! Be sure to save your searches and sign up to be notified as soon as new matching properties become available.
Do you need to sell your home but not sure what it might sell for? Find out how much your home might be worth by using our free home valuation tool. Simply enter some basic information about your home and we will provide you with an estimate of its market value.
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St. George Utah Housing Stats
The average sale price for single-family homes in St George, Utah, ended the month of October at $422,544, a 22% increase from $346,001 from one year ago. The year to date average sale price is slightly lower at $389,042, an increase of 13.2% from the year to date average of $342,992 at this time one year ago.
The average list price also increased year to year, up from $480,926 to $699,756 at the end of October. The year to date average list price of homes for sale in St George has also increased, up from $410,443 at the end of October 2019 to $453,482 ending October 2020.
There were 635 listings sold in St George during October 2020, a 42.6% increase from 446 during the previous October. So far, the 2020 year to date number of home sales is outpacing the number for 2019 so far, up 16.4% from 4,593 to 5,348.
In St George during October 634 homes went under contract, an increase from 440 this month one year ago. Pending sales for the year are up 21.2% from 4,797 to 5,816 so far in 2020.
A total 596 new listings hit the market in St George, Utah last month, a slight decrease of 5.2% from 629 new listings during October 2019.
Overall active listings are down for the year in St George, at the end of October, there was a total of 7,788 active listings in the St. George real estate market. When compared to this time last year, total active listings are down 3.0% from 8,028.
Homes stayed on the market for an average of 45 days in St George during October, this is a month to month drop from 55 days during September. The average number of days on the market a home stays before being sold has dropped from 3.5 months to 45 days over the last year.
In St George sellers are getting 98.7% of their list price for their home, this number is unchanged from September, but has been steadily climbing all year, up from 96.8% during January 2020.
October ended with 1.35 months of inventory available to buyers, inventory has shrunk each month this year, falling from three months available during January 2020 to two months available in August.
What Does This Mean For Buyers In St George Utah?
The market may slow down a bit as new Covid related restrictions take effect in Utah. Buyers may find less competition as some buyers wait for restrictions to ease, and less inventory as sellers wait to list their home. Some pricing markets remain very competitive as shrinking inventory is leaving buyers with fewer choices.
Buyers should have financing in place and be ready to act as soon as the perfect property is found. It is essential to have a professional experienced realtor working for you! Give the Jackie Ruden Realty Team a call today to work for you to find a home in St George, Utah.
What Does This Mean For Sellers In St George Utah?
Sellers in St George, Utah can expect to see continued demand for homes even as restrictions take effect. With interest rates still low and buyer preferences evolving, sellers may see their home sell quickly and possibly sell for full asking price.
It is crucial for sellers to have their home priced competitively and marketed safely to the most qualified of buyers. Give us a call today to discover how the Jackie Ruden Realty Team puts their experience to work for you to sell your home in St George, Utah!
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 $422,544 or less.
Entrada Homes For Sale
