Washington County Utah Residential Market Report - August 2018
Fall is two days away, temperatures are cooler and home buyers are looking to purchase in the southern Utah area. New construction permits total 1860 from January 01, 2018 to August 15, 2018, for Single Family Homes and 875 for other.
Photo is of Kayenta community at the foothills of the Red Rock Cliffs and Bluffs in Ivins, Utah
Washington County Utah Only- No outside sales
Single Family Residential sales decreased from 308 in July to 279 and fell below Single Family Closings in August in 2017, 2016 and 2005. (Washington County only and do not include Condo, Townhouse, Modular, Manufactured, Mobile or New Construction numbers).
- Single Family Residential Home Listings increased from 1203 in July to 1266 in August
- Condo/Townhome Sales decreased from 63 in July to 51 in August and Listings decreased from 190 in July to 207 in August
- Notice of Defaults stayed the same as 14 in July to August
- Trustees Deeds decreased from 2 in July to 5 in August
- Single Family Home Permits increased from 109 in July to 215 in August for Washington County, Utah
Inventory continues to fluctuate and has increased as you can see from the Year-To-Date Listings starting from August 2017 to August 2018. There were 137 more listings in August 2018 than last year same month.
Quick LQQK at RESIDENTIAL RESALES per month from August 2017 to August 2018 according to Washington County, Utah MLS:
August 2017 / 308
September 2017 / 247
October 2017 / 294
November 2017 / 295
December 2017 / 286
January 2018 / 229
February 2018 / 225
March 2018 / 316
April 2018 / 309
May 2018 / 387
June 2018 / 343
July 2018 / 308
August 2018 / 279
Due to the high construction demand, 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 and their agents represent their interests, not the buying consumer.
Cost of living, year 'round 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 firstname.lastname@example.org 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.