Welcome to this month’s St. George, Utah real estate market report, presented to you by The Jackie Ruden Realty Team.
If you are a buyer looking for a home, use our search tool to find properties in your price range. Be sure to save your searches and sign up to be notified as soon as matching properties become available. Then give us a call and we can help you with your new home purchase.
If you are a seller considering selling your home, use of our free home valuation tool to get an idea of your home’s worth. Then give us a call and we can show you how we market and sell your home to get you the most money.
St. George Utah Housing Stats
The average price for homes in St. George, Utah ending September 2019 was $354,029; this is up 12.2% from $315,481 one year ago. The average list price for homes during this same period was $488,531, up 4.83% from $466,033 in September 2018.
There was a total of 362 homes sold during September 2019, up from 343 one year ago. Pending sales were also up for September at 405, up from 329 during September 2018. A total of 616 new listings hit the market in September, and there were a total of 1526 active listings during September 2019.
The number of average days of being on the market before being sold dropped from 67 to 64 days. The amount of inventory held steady for the month at 3.3 months of inventory available. Sellers are getting approximately 97.3% of their asking price for their homes.
Of the 362 listings sold during September 2019, the $500-749,000 price range had the highest increase in the number of sales year over year at 49, up from 25. There were 60 homes sold in the $300-349,000 price range, up from 41 one year ago. The next highest price range that had the most sold listings was the $400-449,000 price range with a 28% increase in the number of homes sold from 25 to 32.
There was a 23.1% change in pending sales during September 2019 compared to September 2018. The highest demand was in the $250-299,000 price range, with a total of 75 going under contract. The next highest total was in the $200-249,000 bracket with 57 homes pending. The highest percentage of new pending listings was in the $400-449,000 price range, increasing 123.5% from 17 one year ago to 38 this month.
The total number of active listings in St. George, Utah increased compared to this time last year. For September 2019 there are 1,526 active listings, up from 1,475. The majority of active listings are in the $450,000 and up price range. The $250-299,000 price range did see a 10.0% increase in active listings compared to this time last year.
Good news for buyers in St. George, Utah, there is an increase in new listings in most price ranges. The $300,000 an up price ranges had the highest number of new listings on the market, while the $299,000 and less had decreases in new listings during September 2019.
What Does This Mean For Buyers In St George Utah?
Buyers in St. George, Utah can expect to see a mixed bag of inventory depending on your price range. A decrease in listings under $249,000 can be due to the end of the summer buying season, and buyers in those categories can expect less competition. Buyers in the higher price ranges can anticipate seeing slightly more inventory, and increasing prices.
Buyers should have financing in place and be ready to act when a matching property becomes available. The Jackie Ruden Realty Team works with you every step of the way to keep you notified of new properties and work with you to submit the most competitive offer. Give us a call today to get started!
What Does This Mean For Sellers In St George Utah?
Sellers in St. George, Utah can expect a slowdown of activity as the summer buying season ends. Sellers still have the market as there are only 3.3 months of inventory available. Sellers can expect their home to be on the market for an average of 60 days before selling, and right now sellers are getting 97.0% or better of their original list price.
Sellers who are considering selling their home should utilize our free home valuation tool to get an idea of your home’s worth. Then give us a call at the Jackie Ruden Realty Team and we can answer your questions about getting your home listed. We are experienced in working with sellers to get their homes sold quickly and net the most money.
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 $354,029 or less.
Entrada Homes For Sale
