St George Utah Real Estate Market Report-April 2013
Below is a graph tracking the St George Utah real estate market statistics through April 2013.
The inventory of homes for sale rose slightly and sales decreased for the month of April. Typically, we see strong sales in the month of March due to the Parade of Homes that is held in February each year. After that flurry of sales, we usually see a slight decrease in sales the following months, which has been true this year also.
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. Just for an example, I listed a darling little home in downtown St George priced at $120,000 on Monday and received an offer on it that same night! We had 4 showings the first day and many more calls to show it the following days. 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. Currently SunRiver is celebrating it’s 15 year anniversary with lots of fun activities planned thorughout the week!