55+ St George UT Communities | SunRiver Market Report August 2014
The Sun River St George real estate market picked up slightly during the month of August 2014 and I predict it will continue through the fall & winter. Available inventory was up and prices continue to rise. You’ll notice that sales prices rose 5.53% and there were only 8 homes priced under $200,000 for sale. There were 60 homes for sale in SunRiver August 2014. Check out the latest statistics below~
There were 14 homes sold in SunRiver during August 2014-
3 homes sold for between $150,000-$200,000
3 homes sold for between $250,000-$300,000
2 homes sold for between 300,000-$350,000
4 homes sold for between $350,000- $400,000
1 home sold for between $400,00-$450,000
1 home sold for between $600,000-$650,000
For a year over year comparison-
Average Sales Price in August 2013 was $304,582-in August 2014 it was $321,431. Sales prices increased 5.53% year over year in August.
Given the volume of sales, there is a 3.89 months supply of SunRiver homes for sale which is up slightly from last year at this time when there was approximately 3.51 months supply of SunRiver homes for sale.
During the month of August 2014, homes in SunRiver sold for 97.6% of their original listed price!
There were 60 homes for sale in August 2014 which is 12 more than the previous year in 2013.
Prices are great, although they look to be rising and inventory of homes for sale in SunRiver is slightly higher so there’s a few more homes currently to choose from! Interest rates are at historic lows which makes this a wonderful time to purchase a home in SunRiver St George! It looks like the St George Utah 55+ Communities market is bouncing back and prices are starting to rise.
You’d better hurry if you want take advantage of the great opportunities currently available in SunRiver! According to the developer, building costs are on the rise, so now could be the perfect time to buy…
If you have any questions about Sun River St George or would like more information about St George Utah homes for sale please feel free to email or call me, or visit my website, relocatetosunnystgeorge or call me at 435-229-8801.
The above information was taken from data on the Washington County Utah MLS. Neither the Washington County MLS, ReMax First Realty or Erika Rogers guarantees or is responsible for its accuracy. Market data does not show FSBO, non broker members listings, or listings not published.
This information is brought to you by: Erika Rogers – your real estate leader in St. George, UT and surrounding communities. She specializes in new construction, golf course communities, gated communities, 55+ adult communities, St. George luxury real estate, and foreclosures in all Southern Utah communities.