Washington County Utah Residential Market Snapshot: July 2022

By
Real Estate Agent with Red Rock Real Estate Brokered by Real UT DRE# 6541633-SA00

Washington County Utah Residential Market Snapshot: July 2022

 

Utah has been touted as the The Fastest Growing State in the Nation. That equates to a higher demand and potentially more expensive housing opportunities. A recent increase in inventory is advantageous to buyers looking to purchase in the marketplace, as sellers are intent to move on.

 

An affordable option when buying in surrounding rural towns, like Cedar City, New Castle, Kanab, Orderville, Central and Enterprise. Purchasing homes in those areas because may fall within a fixed budget. They drive is further to St. George proper but their home owner goals can be achieved.

 

 

 

Average sales price in southern Utah right now is $657,931. Absorption rate for July 2022 is 2.74 months, higher than July 2021 at 1.32 months of inventory. Average list price was $828,688, lower than $896,737, same time last year.

 

 

Year to date stats: Absorption rate is 1.57. Average list price is $755,653, compared to $615,268 same time as last year. Average sale price is $651,691, compared to $529,953 in 2021. Average DOM is 23 compared to 20 in 2021.

 

 

As summer continues to warm up, so does the southern Utah real estate market. Looking to buy or sell a residential property in the St. George, Utah area? Call me to help because Wanda Can help achieve your real estate goals!

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I, Wanda Kubat-Nerdin at Red Rock Real Estate Utah am responsible for my opinions expressed in this blog. Information herein is deemed to be reliable but not guaranteed and may change due to market conditions. Please do not take my pictures or artwork and use them as your own, they are my property and copyrighted.

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Wanda Kubat-Nerdin is a southern Utah REALTOR® assisting buyers and sellers in in the St. George area, Dammeron Valley, Diamond Valley, Veyo, Central, Hurricane, Ivins, La Verkin, Leeds, Santa Clara, and Washington real estate markets.
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90 E 100 S, St. George, UT 84770

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Comments (6)

Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Your local water supply issues are on the national news.

Aug 16, 2022 09:21 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Wanda and Thank You for the information in your real estate area.  I sent you some of our rain if I could!!!

 

Aug 16, 2022 09:32 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Wanda,

Very good report..absorption rate is low. Thanks for sharing with us.

Aug 16, 2022 09:59 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Not stopping growth and several weeks of rain will help with that, Roy. 

Aug 16, 2022 01:33 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

We have been getting drenched for the past several weeks with more rainstorms in the forecast. Thanks for the offer but we have plenty right now, Will Hamm!

Aug 16, 2022 01:34 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Have been seeing a lot of price reductions lately on current inventory. Mostly likely due to overpricing and the raising of rates by the feds. Am interested in seeing how August compares, Dorie Dillard Austin TX!

Aug 16, 2022 01:37 PM