SunRiver 55+ Community in St George Utah | Housing Market Report for June 2013

The Sun River St George housing market is HOT, HOT, HOT!  Available inventory is shrinking and prices are rising this summer.Check out the latest statistics below~

SunRiver is the premier active adult 55+ community in southern Utah. Residents of Sun River can enjoy golf, lawn bowling, horseshoes, walking, biking and pickleball to name a few of the amenities offered.  Don’t mistake that Sun River St George is  a “rest home”.  It is probably the furthest thing from it! There is a calendar full of events and activities provided for it’s residents to enjoy. Think of it as a cruise on land.

 

There were 18 homes sold in SunRiver during the month of June 2013-SunRiver St George

 

1 home sold for between $140,000-$150,000
5 homes sold for between $150,000-$200,000
4 homes sold for between $200,000-$250,000
4 homes sold for between $250,000-$300,000
1 home sold for between $400,000-$500,000
2 homes sold for between $600,000-$700,000
1 home sold for between $800,000-$900,000
For a year over year comparison-

Average Sales Price in June 2013 was $310,001-June 2012 was $268,617. Sales prices increased 15.41% from June 2012-June 2013. 

Given the number of sales, there is a 3.61 months supply of SunRiver homes for sale which is down almost 50% from last year at this time when there was 6.89 months supply of SunRiver homes for sale.

In June 2013, homes in SunRiver sold for 96.7% of their original listed price!

There were 46 homes for sale in June 2013 which is 24 less than last year at the same time.  Inventory has decreased by 34.3% and will continue to decline as demand rises.

Prices are great, although they look to be rising and inventory of homes for sale in SunRiver is declining too.  interest rates are at historic lows which makes this a wonderful time to purchase a home in SunRiver St George!  It looks like the St George Utah real estate market is bouncing back and prices are starting to rise.  You’d better hurry if you want take advantage of the great opportunites currently available in SunRiver!  According to the developer, building costs are on the rise, so now could be the perfect time to buy

If you have any questions about Sun River St George or would like more information about St George Utah homes for sale please feel free to email or call me, or visit my website, relocatetosunnystgeorge or call me at 435-229-8801.

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