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Coral Canyon Homes for Sale - Coral Canyon Market Report - Feb. 2016

By Erika Rogers

Real Estate Agent with Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage DRE#5660491-SA00

March 10, 2016 03:01 AM

Coral Canyon Homes for Sale - Coral Canyon Market Report - Feb. 2016

Are you interested in Coral Canyon Homes for Sale near St George Utah? Then follow this link for details on the Coral Canyon Real Estate Market & Coral Canyon homes for sale.

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 through 2015 and 2016 has started strong. Home sales were up by almost 50% in February 2016 over February 2015. Available inventory was a little less and the average list price increased .96% 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 February 2016 there were 35 homes for sale in Coral Canyon and only 6 of them were priced under $200,000.

Check out the latest statistics below~

There were 7 homes sold in Coral Canyon during February 2016~

1 home sold for between $100,000-$150,000

3 homes sold for between $200,000-$250,000
2 homes sold for between $250,000-$350,000

1 home sold for between $350,000-$450,000

For a year over year comparison-

Average sales price for a home in Coral Canyon in February 2016 was $24,271-in 2015 it was $215,636. Sales prices increased by 13.28% in February 2016 over February 2015.

Given the number of sales, there was 4.33 month’s supply of homes for sale in Coral Canyon at the end of February 2016.

During the month of February 2016, on average homes in Coral Canyon sold for 95.8% of their original listed price.

There were 35 homes for sale in Coral Canyon during February 2016 which is five less than last February.

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 slightly down than last year and homes priced under $200,000 are limited. Interest rates are still very low which makes this a wonderful time to purchase a home in St George! It looks like the St George Utah real estate market is going to be strong this year.

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 Coral Canyon Homes for Sale - Coral Canyon Market Report Feb. 2016 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.

Also posted at http://stgeorgeutahrealestateforsale.com/2016/03/coral-canyon-homes-sale-coral-canyon-market-report-feb-2016/