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St George Utah Real Estate Information

Blog by Annette Basso
St George, Utah
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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St George Utah Real Estate Information

Washington County Real Estate Statistics Oct 2008
Nov. 5, 2008
Categorized in: St George Area Real Estate Statistics
Tagged with: real estate in st george, real estate sales, real estate statistics, st george utah

Click on this link to see a graph that will show the latest real estate statistics in Washington County Utah.  As you can see the number of sales in Oct were a little less than in Sept, and the months of inventory has increased a little more.  Hopefully now that the elections are over, there will be a little more consumer confidence and our real estate market will pick up.  There are some really great "deals" on the market right now; I have seen some fabulous luxury homes that were on the market a year ago for $1.5 million that are listed right now for $650,000. 

 members/bassogroup/files/Real estate statistics on Oct 2008.pdf

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St George Real Estate trends

Sep. 28, 2008
Categorized in: St George Area Real Estate Statistics
Tagged with: homes, real estate, real estate sales, st george, statistics

 

I am going to give you the year-to-date statistics this month to give you an idea of where we are at in comparison with last year. 
 
Last year at this time there were 1513 single family homes that had sold at an average sales price of $343,137, this year there have been 1173 sales of single family homes at an average sales price of $313,877, which represents a 22% decrease in the number of homes sold this year.      
                
The most dramatic change in our market this year in comparison to last year is in new construction . Last year there were 43 sales of new homes and this year the number has dropped to just 7 new homes sold for an 83% decrease in the sale of new homes from last year at this time. While this isn’t great news for all of the businesses that depend on construction, it is great news for sellers who have been competing with new homes to sell their homes for the past several years. 
 
Subdivided lots, which were selling like hot-cakes in 2005/06, have slowed down considerably this year. There was a 56% decrease in the number of lots sold this year over last year and the prices have dropped 25% overall. 
 
 
 
 
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