Utah Real Estate Activity: Summertime High Gives Way To Holiday Retreat!

By
Real Estate Agent with Engel & Volkers - St. George Utah Luxury Real Estate

Southern Utah Real Estate Activity:

Summertime High Gives Way To Holiday Retreat!

Southern Utah Real Estate Activity

 

October 26, 2014 – As the interest rate on a 30-year fixed mortgage remains at historic lows – 3.98% – the Southern Utah Real Estate Market conditions continues to show strength and tenacity. With October’s sometimes-scary real estate statistics for southern Utah due out in just a few days from our FlexMLS system, many Realtors on the WCBR board are wondering whether this month snapshot of the St. George Utah real estate market will be a trick, or a treat? Regardless of how the data is skewed, Utah's version of "Palm Springs" continues to attract the first-time homebuyer, new families and retirees

 

With Halloween kicking off the 2014 holiday season in just five short days, most of the real estate activity is in the rearview mirror for Southern Utah. Typically during the holiday season, the southern Utah real estate activity tends to go dormant.  During the happiest time of the year, sellers are inclined to restrict showings based on out-of-town visitors, and buyers are more focused on accomplishing their holiday shopping tasks … leaving any real estate transaction for the New Year.

 

That said; let's take a quick peek at the last nine months of activity on the Washington County Board of Realtors MLS system.

Southern Utah Real Estate Volume and Sales

 

According to our FlexMLS system, the number of single-family residential units listed during 2014 enjoyed a 9% increase over the previous year, jumping from 3887 units to 4258. Additionally we see the number of Days On Market (DOM) declining precipitously over the same 12 months, shrinking from 114 cumulative days on market to just over three months – just 96 days. With just over 60 days remaining in 2014, the southern Utah real estate market has some ground to make up in order to match last year's sales. For all of 2013, 1880 single-family residential units successfully closed escrow in Washington County. So far this year, 1655 close escrows have been reported; meaning we need to close more than 225 escrows in the next 60 days to in order to try and get close to last year's sold volume of $522,961,196.

Southern Utah  single-family residential  sales

 

Well, it's 6 AM on Sunday morning … that means it's time to go get ready to go play a quick round of golf on one of  St. George's twelve 18 hole golf courses. Enjoy what's left of your weekend!

  

Comments (8)

Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Hi Alex, excellent blog post.  Welcome to ActiveRain, it is great to have you with us.

Oct 26, 2014 01:53 AM
Alex Yeager
Engel & Volkers - St. George Utah Luxury Real Estate - Saint George, UT

Thanks Captain, happy to be on bored with the S.S. Activerain.

Thanks for reaching out.

 

Oct 26, 2014 03:51 AM
Anonymous
California ex-pat

I just Stumbled upon this post while doing research about St. George Utah golf property. Whom ever utilizes this site for search engine optimization, will surely get some powerful link juice for their marketing buck. As to the author of this blog, you can tell he likes to have fun with the use of his verbiage; "Summertime High Gives Way To Holiday Retreat!"

Good Read, informative content with several useful links – thanks big time!

Oct 26, 2014 04:13 AM
#3
Alex Yeager
Engel & Volkers - St. George Utah Luxury Real Estate - Saint George, UT

Thanks "California ex-pat." Please don't hesitate to reach out if I can help you in the future.

Alex

Oct 26, 2014 04:18 AM
Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

Great post Alex- and what a beautiful area you live and work in!  K

Oct 26, 2014 05:26 AM
Alex Yeager
Engel & Volkers - St. George Utah Luxury Real Estate - Saint George, UT

Thanks Kathy - Almost as sweet as La Quinta, Ca.   I appreciate you kindly reaching out Kathy ...  have a great workweek. 

Oct 26, 2014 06:02 AM
Coach KC™
Prosperitor LLC dba Secured Futures - Baldwin, NY
Marketing • Productivity • Revenue • Development

Welcome to ActiveRain! You are in the right place, and now is a good time. Wishing you much success.

😎 Network Strong & Prosper! --Coach KC

Oct 26, 2014 12:12 PM
John Marshall - FORE!
LoKation Real Estate - Cherry Hills Village, CO
Specializing in Golf Course Properties

Alex - great post, looks like some great courses in your area, glad to see there are some other golf specialists around the country

Oct 26, 2014 10:08 PM