Saint George Utah Real Estate Market Conditions: October 2014

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

 Saint George Utah real estate market conditions

Southern Utah – October's gone and November has arrived with a chill in the air. While the weather remains cold – the Southern Utah Real Estate Market conditions have heated up over the last 30 days. With all hallows Eve (a.k.a. Halloween) rapidly becoming a vague memory, and the sugar high quickly fading, it's time to report on the Washington County Board of Realtors Southern Utah Real Estate market Conditions for the month of October.

For October 2014, St. George Utah had 2,090 Active Listings on their MLS system. Of these "Active Listings," 568 were fresh to the areas multiple listing system for the month of October; additionally, 312 listing successfully COE (closed escrow) for the month of October.  Saint George Utah: New and Sold Listing For  October

Putting the areas real estate market under the microscope for dissection for October 2014, this quick post will drill down on year-over-year comparisons, price change trends and St. George's overall volume of sold single-family residential real estate.

  Saint George Utah  year over year real estate comparison

St. George's Real Estate Market Statistics October 2014: Demonstrating a 9% surge in interest for single-family residential listings in the southern Utah real estate market; this year, St. George's realtors have listed 4,316 single-family homes on the WCBR MLS – compared to last 3,939 homes for sale during the month of October.  During 2013 there had been 1,995 single-family residential units put under contract on the southern Utah MLS system, so far this year 1,836 listings were put under contract; representative of a 6% drop in listings under contract for Southern Utah.

 southern Utah sold home prices tick up

Despite that,the average sales price of a St. George single-family home jumped 6%: During 2013 the average sales price of a St. George single-family home was $277,635, during 2014 that sales price has jumped to $295,766.

 

 

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