SunRiver St George – St George  55+ Community Market Report – May 2014

The Sun River St George housing market continued to be strong during the month of May 2014.  Available inventory is shrinking and prices continue to rise. You’ll notice that sales prices are remaining steady, and homes priced under $200,000 are diminishing quickly.  Of the 74 homes that were for sale in May 2014, only 10 of them were priced below $200,000.  Check out the latest statistics below~

SunRiver St George

  There were 13 homes sold in SunRiver during May 2014-

4 homes sold for between $150,000-$200,000
2 homes sold for between $200,000-$250,000
1 home sold for between $250,000-$300,000
1 home sold for between $300,000- $350,000
3 homes sold for between $350,00-$400,000
1 home sold for between $400,000-$450,000

For a year over year comparison-

Average Sales Price in  May 2013 was $291,511-in May 2014 it was $276,851. Sales prices decreased 5.03% year over year in May. 

Given the volume of sales, there is a 4.48 months supply of SunRiver homes for sale which is down 3.24% from last year at this time when there was approximately 4.63  months supply of SunRiver homes for sale.

During the month of May 2014, homes in SunRiver sold for 97.2% of their original listed price!

There were 74 homes for sale in May 2014 which is 18 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 declining too.  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.

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