St George Utah Housing Market Report for February 2013
Below is a graph tracking the St George Utah real estate market statistics through February 2013
The 2013 Parade of Homes just wrapped up last week and sales were extremely strong. One developer sold 17 build jobs in the first weekend alone. Another developer who had a home showcased in the Parade of Homes sold out an entire phase of his new construction lots and has a list of people waiting for the next phase to be released! Sales generally pick up during the parade and it will be interesting to track the results from this year’s event.
The inventory of homes for sale continues to decline and sales remain steady as you can see from the graph. 2012 finished strong and 2013 looks promising as well. It’s becoming more of a sellers market as the inventory shrinks. The number of 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. Demand is high for homes priced under $250,000. Homes in Coral Canyon continue to be very popular and there is a good selection priced under $250,000. SunRiver St George also continues to show stronger numbers than other areas, due to higher demand from the 55+ active adult community buyers.
If you are interested in purchasing a home in St George Utah, start with Erika Rogers – your for 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.