What’s Happening in the Coral Canyon Real Estate Market May 2015?

Not familiar with Coral Canyon in St George Utah?  Coral Canyon is a spectacular golf course community with low HOA fees and wonderful amenities.  Homeowners have access to indoor & outdoor pools for year round enjoyment, tennis courts, a state of the art fitness center and miles of hiking/biking trails within Coral Canyon just to name a few of it’s highlights!
The Coral Canyon real estate market remained steady in May 2015.  Home sales were up slightly in May 2015 over May 2014. Available inventory was about the same and the average list price increased 5.20% from the year before.
New construction in Coral Canyon is steady and the view lots are going quickly!  You’ll notice that  homes priced under $200,000 are diminishing quickly. In May 2015 there were 26 homes for sale in Coral Canyon and only 3 of them were priced under $200,000.
Check out the latest statistics below~
Coral Canyon Community
There were 10 homes sold in Coral Canyon during May 2015~
1 home sold for between $100,000-$150,000
3 homes sold for between $150,000-$200,000
2 homes sold for between $200,000-$250,000
1 home sold for between $250,000-$300,000
2 homes sold for between $300,000-$350,000
1 home sold for between $500,000-$550,000
For a year over year comparison-

Average sales price for a home in Coral Canyon in May 2015 was $268,178-in 2014 it was $234,614.  Sales prices increased by 14.31% in May 2015 over May 2014.

Given the number of sales, there was 4.33 month’s supply of homes for sale in Coral Canyon at the end of May 2015. 

During the month of May 2015, on average homes in Coral Canyon sold for 96.1% of their original listed price.

There were 26 homes for sale in Coral Canyon during March 2015 which is exactly the same as the year before.

There are also custom homes being built in Coral Canyon and often times those sales are not reported to the multiple listing service.

Prices are great, although they look to be rising.  Inventory of homes for sale in Coral Canyon is better than last year although homes priced under $200,000 are limited.  Interest rates are at historic lows which makes this a wonderful time to purchase a home in St George!  It looks like the St George Utah real estate market is bouncing back and prices are starting to rise.

The above information was taken from data on the Washington County Utah MLS. Neither the Washington County MLS, ReMax First Realty or Erika Rogers  guarantees or is responsible for its accuracy.  Market data does not show FSBO, non broker members listings, or listings not published.

This information is brought to you by: Erika Rogers – your real estate leader in 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.

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