Is the SunRiver St George housing market starting to cool off? I’ve run statistics from the Washington County Board of Realtors to see. Year over year, the numbers are astounding.
I think month to month information is very valuable right now so consumers can see which direction the market is going. Let’s compare the SunRiver community August 2021 to September 2021 to see what’s happening.
2021 is still a great time to buy with interest rates low, although inventory of homes is also lower than usual. Let’s take a look at the statistics for July year over year to see what’s happening and compare what it costs to purchase a home in SunRiver.
Here’s the SunRiver Housing Market Report comparing August to September 2021 . You’ll see Sun River 55+ Community has been one of the popular neighborhoods and demand remains high for homes in SunRiver.
There were 18 homes sold in SunRiver during the month of August 2021-
1 home sold for between $300,000-$350,000
9 homes sold for between $350,000-$400,000
4 homes sold for between $400,000-$450,000
3 homes sold for between $500,000-$750,000
1 home sold for between $750,000-$999,999
There were 19 homes sold in SunRiver during the month of September 2021-
1 home sold for between $300,000-$350,000
6 homes sold for between $350,000-$400,000
6 homes sold for between $4500,000-$450,000
5 homes sold for between $500,000-$750,000
1 home sold for between $750,000-$999,999
For a month over month comparison-
Average Sales Price in August 2021 was $439,853 – in September 2021 it was $458,431.
There were 16 active home listings during August 2021 and 21 in September 2021 so homes for sale in SunRiver increased slightly month to month.
Eighteen homes sold in Sun River during August 2021 and there were 19 sales in September 2021 with similar inventory both months.
Average days on the market for a home listed in Sun River 55+ Community during August 2021 was 7 (compared to August 2020 average days on the market was 60).
Average days on the market in SunRiver during September 2021 was 13 (compared to September 2021 average days on the market was 32)
There was .66 months supply of homes to buy in SunRiver during August 2021. In September 2021 there was .89 months supply. As you can see again, homes available for sale increased slightly month over month. Generally speaking, a balanced real estate market has between 4-6 months supply of inventory.
SunRiver St George is, in my opinion, the premier active adult community in all of southern Utah. Just follow this link for a list of homes currently for sale in Sun River St George 55+ Community.
The Sun River community fosters an active lifestyle and plenty of social events. Because of the balmy winters, southern Utah residents are able to enjoy year round outdoor activities like hiking and biking. In fact, from the SunRiver community you can walk the Virgin River Trail to the Crosby Family Confluence Park. This park anchors the 5.2 mile paved Mayor’s Walk loop and is a great way to get a little exercise!
You may want to consider a Reverse Mortgage for purchasing a home in SunRiver, a lot of buyers do! If that interests you let me know and I’ll email you some information regarding Reverse Mortgages. The St George Utah real estate market is thriving and St George is booming. You’d better hurry if you want take advantage of the great opportunities currently available in SunRiver!
My clients all all think SunRiver St George is a wonderful 55+ community to live in. For more information on SunRiver St George 55+ Community please contact me any time.
The above information was taken from data on the Washington County Utah MLS on October 8, 2021. Neither the Washington County MLS, Red Rock Real Estate or Erika Rogers guarantees or is responsible for its accuracy. Market data does not show FSBO, non broker members listings, or listings not published.
