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Let's take a look at the general stats for greater St. George residential as of November 15, 2011:
ACTIVE: 1,171 of the 1,171 "active" 295 homes are distressed which equates to 25% of our inventory is of distressed status (short sale or foreclosure).
SOLD: 249 (from 10/1/11 through 11/14/11). Of the 249 SOLD homes, 78 sold homes were of distressed status which equates to 31% of the sold homes were of distressed status.
Hurricane Utah Real Estate Market Conditions
Hurricane has been badly neglected on these posts, let's take a look at how our neighbors are doing.
ACTIVE: 214 of the 214 active (residential) homes there are 66 homes of distressed status (or 30% of the listed inventory is of distressed status)
SOLD: 44 (from 10/1/11 through 11/14/11). Of the 44 sold homes, there were 16 distressed sales (or 36% of the sold homes were of distressed status)
ST GEORGE UTAH RESIDENTIAL YEAR TO DATE MARKET CONDITIONS
Let's take a sneak peak at the year end and year over year comparable sales. Typically I post these in January, but let's see how things are stacking up:
We are closing the gap between the RED line (active inventory) and the BLACK line (sold home) which is necessary for market stabilization (queue supply and demand!). This 2 year review shows gradual, consistent stabilization.
So here is another of my favorite charts, I like to call it "what's selling". This will show the price range of the 249 homes that were sold to gain perspective on the most sought after price range for most recent buyers.
If you have specific market information you'd like to see, feel free to email and I'll work in into my next post.
I've got a few new listings! For you SUN RIVER ST. GEORGE RESALE buyers, I have a 3 bedroom 3 bath (with CASITA), and 2 really great FULLY FURNISHED homes that are UNDER $180,000. I've got one in Santa Clara that has 4 bedrooms and a great view for $199,000. Find them all listed here: FEATURED LISTINGS
or for ALL Sun River St George homes for sale click here:
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