This is our June 2017 St George Utah housing market analysis, for the Greater St George area; which includes: St George, Santa Clara, Ivins, and Washington. The stats will also include Sunriver (as well as communities like Little Valley and Washington Fields). I’ll also do a separate report specific to Sunriver within this post.
Time is moving fast, so is the St George Utah real estate market. As of today, there are 734 homes for sale in St George Utah (and greater St George area). This number has been on the steady decline, and an obvious sign to the shift into the “sellers market”. Only two years ago (May 2015) there were 1,303 active homes listed, and one year ago there were 1,065 homes for sale in St George. In two years, we are seeing a 43% decrease in inventory. As for SOLD homes in St George, our year to date (YTD) ending May 31, 2017 was: 1492. Comparing this with 2015 we are about 16% higher (YTD) and comparing last year we are almost 9% higher. We’ve had our typical spike for May and typically another will occur in August. Here is a 2 year comparison.
Sunriver is no different than the rest of the St George Utah housing market. Inventory remains low and prices continue to trend upwards. I personally set a record last year on one of my listings, having one of the smaller available floor plans selling for the highest amount during that time. And recently, I personally sold the very last home priced under $200,000 (two months ago). I’m not expecting to see the “under $200,000” price point again in Sunriver in the near future. As of today, there are 51 homes available for sale in Sunriver, of these—17 are “spec” homes (or new construction). This means that there are only 34 resale homes available in Sunriver. It’s a sought after community, well priced homes having the upgrades that buyers are looking for will sell in a matter of days (sometimes hours!). Here is a market snapshot of the past 2 years specific to Sunriver.
I just did some updating on my website—let me know what you think! Feedback is important, I’d like to provide a user friendly and appealing website. If you’re looking for other statistics for the real estate market or homes sold in St George, Contact Paula Smith and let me know what you’d like to see. I’ve sold the last of my available listings, so I’m ready to list your home. If you’re thinking of buying, reach out—I want to help.