We talked earlier in the week about the market in St. George and today let’s talk about Hurricane. Located just 18 miles from St. George, Hurricane is in Washington County and home to about 15,000 residents.
Let’s take a look at the market in Hurricane and how that affects buyers and sellers.
- The average home price is about $240,000, which comes to about $113 per square foot.
- Average days on the market is about 60 – this is really good for sellers!
- Active Inventory is between 60-80 listings.
We’ve been seeing a gradual increase in home prices for the last couple of years. There really hasn’t been a spike in prices, which is great for our market. It’s a pretty balanced market right now. We’ve had about a 7% increase in 2017.
Now is a good time because you don’t have as much competition as you would in the spring and summer and you’re likely to get a better price because of that. Also, sellers who list in winter tend to want to sell fast so there may not be too much negotiation on price. However, this also means there are not that many homes on the market as there would be in spring. There are pros and cons to this.
Selling now means you don’t have as much competition. Most people don’t sell this time of year and the buyers that are out there are serious. You’re likely to sell faster. However, you might be able to get more in the spring or summer BUT there is more competition so you may have to lower your price to get the right buyer. It’s really a tricky situation.
But, what I would tell you is that if you want to buy or sell or need to sell in the winter, go for it. We can price the home correctly from the beginning to get the right buyer in the door. If you want to buy, there are some awesome choices out there. Give me a call! Let’s get started.
Image above courtesy local MLS listing in Hurricane