As a local St George Utah real estate agent, I get asked this question all the time. I’m happy to give my insight and share the knowledge I have regarding the market.
Below is a graph tracking the St George Utah homes for sale market statistics through August 20, 2014.
The real estate market definitely continues to improve here in St George during 2014! The buying market is becoming very competitive, especially in the “under $250k” price range. Average sales price of a home in St George in July 2014 was $236,913. Average days on the market through 8/20/14 was 111.
The inventory of homes for sale remains pretty steady during the first half of 2014 as well as sales. The inventory of homes priced under $250,000 is declining and the average sales price of a home through August 20, 2014 was $249,111.
There have been 2216 homes sold through August 20, 2014.
The number of St George foreclosures is decreasing as well as Notices of Default. Many sellers are receiving multiple offers if their homes are in good condition and priced competitively. Homes for sale in Coral Canyon continue to be very popular but the homes priced under $250,000 are diminishing.
Sun River 55+ adult community also continues to show stronger numbers than other areas, due to higher demand from the 55+ active adult community buyers. There are currently 27 homes pending sale in SunRiver and 62 homes for sale.
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.
Featured St George Home for Sale
For more information on this and other St George area homes, please visit my St George real estate website here.