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RSS FeedWashington County Real Estate Statistics for June 2008 |
Aug. 1, 2008
Categorized in: St George Area Real Estate Statistics
There were a total of 240 properties sold in the Washington County MLS in June , which include homes, lots, commercial, and raw land. This represents 30 less property sales than the total in May which was 270. As of the end of June 2008, there was 26.3 months of inventory on the market.
Single family home sales totaled 158 in June 2008 compared with 198 sales in 2007. That is a 20% decrease in the number of single family homes sold. The price of the median home sold in June 2008 was $269,500 compared with $295,000 one year ago, which is an 8.6% reduction.
The number of building permits pulled so far this year are down dramatically compared with those pulled just one year ago. The average number of permits being pulled monthly this year are 54 compared with an average of 146 that were pulled monthly in the first 6 months last year. In 2005 there were a total of 3479 building permits pulled. If we continue building at the same rate, there will be a total of 648 new builds this year.
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