Sun River St George 55 and over Community Market Report-August 2015
The Sun River St George 55 and over Community is still one of the most popular neighborhoods in St George Utah! The Sun River housing market reflects this popularity and continued to be strong during the month of August 2015. Available inventory is shrinking and prices continue to rise. You'll notice that sales prices are increasing and homes priced under $200,000 are diminishing quickly. Check out the latest statistics below~
There were 14 homes sold in SunRiver during August 2015-
2 homes sold for between $150,000-$200,000
3 homes sold for between $200,000-$250,000
3 homes sold for between $250,000-$350,000
2 homes sold for between $350,000-$450,000
1 home sold for between $450,000-$550,000
3 homes sold for between $550,000-$650,000
For a year over year comparison-
Average Sales Price in August 2014 was $321,431-in August 2015 it was $355,260. Sales prices increased 10.52% from 2014 to 2015.
Given the volume of sales, there was 3.21 months supply of SunRiver homes for sale at the end of August which is down 22.28% from last year at this time when there was approximately 4.13 months supply of SunRiver homes for sale.
During the month of August 2015, homes in SunRiver sold for 97.2% of their original listed price!
There were 53 homes for sale in August 2015 which is 11 less than the previous year in 2014.
Prices are great, although they look to be rising and inventory of homes for sale in SunRiver is declining too. interest rates are at historic lows which makes this a wonderful time to purchase a home in SunRiver St George! It looks like the St George Utah 55+ Communities market is bouncing back and prices are starting to rise.
You'd better hurry if you want take advantage of the great opportunities currently available in SunRiver! According to the developer, building costs are on the rise, so now could be the perfect time to buy...
If you have any questions about Sun River St George or would like more information about St George Utah homes for sale please feel free to email or call me, or visit my website, relocatetosunnystgeorge or call me at 435-229-8801.
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.
Also posted at http://livinginstgeorge.com/2015/09/18/sun-river-st-george-55-and-over-community-market-report-for-august-2015/