Selling a Home in St George UT - Summer 2018

Selling a Home in St George UT - Summer 2018

Selling your home in St George UT this summer 2018 should be a fairly quick transaction if marketed correctly.   Currently, homes are selling nearly as fast as they are listed.  Most St George UT homes are on the market an average of 59 days according to recent market reports.

Rising home prices are bringing in home buyers from all across the country. Many buyers have been able to sell their homes in California, Washington and other states making a nice profit.  They are then coming to St George and purchasing homes.  

If you are thinking about selling your home in St George UT this summer 2018, here’s some helpful information as to why NOW is a great time to sell!

Great Reasons for Selling a St George UT Home  Now

More Buyers – There is a stronger demand from buyers now. Many sellers not only in St George UT, but across the country are experiencing a sellers market with an abundance of buyers.  Homes don’t last long on the market once they are listed. One factor impacting this situation is the number of buyers who are using low down payment loans.  This helps makes it easier to finance the available homes for sale.  As I mentioned above, many buyers are coming from other areas of the country with cash from the sale of their homes.  This also increases the demand and competition for homes.

Rising Prices – Home prices are on the rise once again. Equity is increasing for many homeowners which is a good scenario for the economy.  We haven’t seen home prices like this since before 2008.  It appears the real estate market is healthy again. Therefore, smart sellers are looking to cash out on their long time investments. Most homes on the real estate market are selling for above the estimated market value, and many buyers are not negotiating too much on price. Currently St George homes are selling for 98.4% of their listed price.  These facts make selling a St George UT home this summer a great option.

Less Competition – Now that the market has rebounded for several years, there are fewer short sales, bank-owned and foreclosed properties to compete with. This has really helped drive up home prices and home sales. Now,  selling a home in St George UT is less stressful than it was when there was a lot of "distressed" competition on the market. There are only a handfull of foreclosures on the market at any given time.  New home listings on the market were down 7.7% in May 2018 from a year ago.  This also means there will be more demand for your home with less inventory available. 

All in all, there are good times to sell and better times to sell your home. If you want a fast sale, selling when you know there is great demand and plenty of buyers will expedite that! Right now there are plenty of buyers, but not enough properties.  There is a great need for homes priced under $350,000 with the average sales price being $343,830.

If you have a home to sell in St George UT , Washington UT or Ivins UT feel free to call me Erika Rogers at 435.229.8801.  You may also visit my website RelocatetoSunnyStGeorge for more information about selling you St George UT home.