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St George Utah Real Estate Information


This is the very best weblog you can visit to find information about real estate and what's happening in Southern Utah. We post here often about present conditions of the real estate market in Washington County and how you can benefit as either a buyer or seller. Visit our website to search the Washington County MLS anytime without having to register your name at www.BassoGroup.com

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August Real Estate Statistics

Posted at 12:35 AM, Aug. 11, 2007

 

At the end of July 2007 there were 19.89 months of inventory on the market in the Washington County MLS area.  This includes residential home resales, lots, new homes, multi-family homes, townhomes/condos, and modular/mobile homes.  Compare this with June, 2007 where there was 14.68 months worth of inventory. 

 What does this mean?  If there are NO more listings that go on the market after today, it will take 19.89 months to sell what is currently on the market, if the sales volume continues at the same pace as last month (which was 284 sales total)

 In June there were 384 sales and in July the total number of sales dropped to 284.  This represents about a 35% drop in the number of sales in a 1 month period.  This is the slowest month we have had in Washington County in the last 2 years. 

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Real Estate Statistics for Feb 2007

Posted at 1:49 PM, Mar. 13, 2007

 
The total number of single family homes on the market in the Washington County MLS as of March 5, 2007 was 2651, which is an increase of 23% over last year. There are 2215 subdivided lots on the market compared with 1374 that were on the market last year.
                  Given the number of total properties for sale in our MLS and the number of sales during February 2007, there are 19.81 months of inventory on the market. In other words, if no other properties are listed and sales remain at the same level, it would take better than 1 1/2 years to sell all of the current inventory. 
                  The average sale price of a single family home last year in the Greater St George area was $355,732; this year the average sale price increased only 1+%, or $360,013.
Do these figures indicate “gloom and doom”? We don’t think so. If you study the real estate market in Washington County for the past 10 years, the present market is typical of the cyclical market we have seen in Washington County for the last decade. 
We believe that there will be an influx of “boomers” relocating to Southern Utah in the next decade as millions of them start to retire and look for a warmer climate and a better quality community in which to spend their “Golden Years”.
Please feel free to call us if you would like more information on our current real estate conditions.
 
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