Vacation Homes in St George Utah – Coral Canyon Sales Update July 2015

Coral Canyon is one of the best communities to purchase a vacation home in St George Utah!  Not familiar with Coral Canyon in St George Utah?  Coral Canyon is a spectacular 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 strong in July  2015.  Home sales were up significantly in July 2015 over July 2014. Available inventory decreased by 42% and the average list price increased  4.62% 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 July 2015 there were 19 homes for sale in Coral Canyon and only 4 of them were priced under $200,000.
Check out the latest statistics below~
Coral Canyon Community
There were 7 homes sold in Coral Canyon during July 2015~
3 homes sold for between $150,000-$200,000
1 home sold for between $200,000-$250,000
3 homes sold for between $250,000-$350,000
For a year over year comparison-

Average sales price for a home in Coral Canyon in July 2015 was $230,700 -in 2014 it was $325,738.  Sales prices decreased by 29.18% in July 2015 over July 2014 but the number of sales increased dramatically from 4 in 2014 to 7 in 2015.

Given the number of sales, there was a 2.68 month’s supply of homes for sale in Coral Canyon at the end of July 2015. 

During the month of July 2015, on average homes in Coral Canyon sold for 96.3% of their original listed price.

There were 19 homes for sale in Coral Canyon during July 2015 which is 14 less than 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 Vacation Homes in St George Utah – Coral Canyon Sales Update July 2015 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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