Sun River 55+ Active Adult Community 2015 Year End Recap
The Sun River St George 55+ active adult community real estate market remained strong during 2015 and I predict the trend will continue in 2016.
Available inventory was up by only 2 homes in 2015 and sales prices increased 4.85% over 2014! Sales prices increased 3.87% over last years figures in December alone.
There were 327 homes for sale in SunRiver during 2015 with 219 sales. Of the 219 homes sold, only 27 sold for under $200,000 during 2015.
Check out the Sun River 2015 Year End Recap statistics below~
There were 219 homes sold in SunRiver during 2015-
2 homes sold for between $100,000-$150,000
25 homes sold for between $150,000-$200,000
30 homes sold for between $200,000-$250,000
64 homes sold for between $250,000-$350,000
46 homes sold for between $350,000- $450,000
32 homes sold for between $450,000-$550,000
14 homes sold for between $550,000-$650,000
4 homes sold for between $650,000-$750,000
2 homes sold for between $750,000-$1,000,000
For a year over year comparison-
Average Sales Price in 2015 was $381,789 – in 2014 it was $367,561. Sales prices increased 4.85% year over year from 2014-2015.
Given the volume of sales, there was an average 3.74 months supply of SunRiver homes for sale during 2015 which is down 17.80% from 2014 when there was approximately 4.55 months supply of SunRiver homes for sale.
During 2015, homes in SunRiver sold for between 96 – 98.5% of their original listed price!
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 Sun River 55+ Active Adult Community 2015 Year End Recap 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.
Also posted at http://stgeorgeutahrealestateforsale.com/2016/01/sun-river-55-active-adult-community-2015-year-end-recap/