St George Utah Housing Market Update for July 2013
Below is a graph tracking the St George Utah real estate market statistics through July 2013.
The real estate market is definitely picking up here in St George! The buying market is becoming very competitive, especially in the under $250k price range. Single family homes priced under $200,000 are becoming harder and harder to find. When one does come on the market, there are usually multiple offers on it within a couple of days.
The inventory of homes for sale dropped slightly as did sales for the month of July 2013. As inventory decreases our sales may too, due to the lack of desirable homes available.
According to the Washington County MLS there is 6.96 months worth of available inventory. There were 305 homes sold during the month of July 2013.
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. Homes in Coral Canyon continue to be very popular but the homes priced under $250,000 are diminishing.
SunRiver St George 55+ community also continues to show stronger numbers than other areas, due to higher demand from the 55+ active adult community buyers. There are currently 16 homes pending sale in SunRiver and 39 homes for sale.