Washington County Utah Residential Market Report - Feb 2018
Spring has arrived and home buyers are ready to purchase in the southern Utah area. New construction permits total 761 from January 01, 2018 to March 18, 2018, 495 for Single Family Homes and 266 for other. Single Family Residential Sales decreased from 229 in January to 225 in February 2018.
Due to a new construction boom, a home may take 6+ months or more to build due to the backlog of permits submitted to the surrounding cities. Consumers should hire an experienced Realtor when building a new home. Building contractors represent themselves, not the buyers.
Washington County Utah Only- No outside sales
February 2018 is the highest February for Single Family Closings back to 2004. (Washington County only and do not include Condo, Townhouse, Modular, Manufactured, Mobile or New Construction numbers).
- Single Family Residential Home Listings increased from 1193 in January to 1278 in February
- Condo/Townhome Sales increased from 52 in January to 54 in February and Listings decreased from 215 in January to 212 in February
- Notice of Defaults increased from 17 in January to 24 in February
- Trustees Deeds decreased from 6 in January to 2 in February
- Single Family Home Permits increased from 136 in January to 185 in February for Washington County, Utah
Inventory has fluctuated and continued to decrease as you can see from the Year-To-Date Listings starting from February 2017 to February 2018. There were 197 less listings in February 2018 than last year same month.
Quick LQQK at RESIDENTIAL RESALES per month from Feburary 2017 to February 2018 according to Washington County, Utah MLS:
February 2017 / 221
March 2017 / 355
April 2017 / 302
May 2017 / 360
June 2017 / 314
July 2017 / 298
August 2017 / 308
September 2017 / 247
October 2017 / 294
November 2017 / 295
December 2017 / 286
January 2018 / 229
February 2018 / 225
Low cost of living, outdoor activities and healthy economy continues to draw people to southern Utah to live! I hope you have found this information useful and thanks to Inwest Title for some stats and sales information. Put a Utah State Park or National Park on your list of places to explore!
Buying or selling a home in southern Utah? Call me at 435.632.9374 or contact me at email@example.com to help because Wanda Can!
A portion of every successful real estate transaction goes to Bed 'n' Biscuits to help fund Switchpoint, a local homeless shelter.