Just pulled up stats for November 2008 for St. George Utah area (all 4 cities in the Greater St. George area -- Washington, Ivins, St. George and Santa Clara) for single family homes & new construction....
83 homes sold (32.5% of which (27 homes) were bank-owned / REO homes) / avg. DOM = 131 / avg. p/s/f sold price = $129.99 / avg. sold price = $267,673 / sold price as % of list price = 91%.
Here are the figures for those 27 bank-owned homes that sold in Nov. 08: avg. DOM = 76 / avg. p/s/f sold price = $108.98 / avg. sold price = $283,991 / sold price as % of list price = 95%.
There are 110 active bank-owned homes on the market today: there are 33 bank-owned homes that are under contract / in escrow....which is right in line with Nov. 08 stats where 32.5% of the solds described above were bank-owned.
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