We’re already heading into the fall season here in St George Utah, and the St George real estate market report is ready for reporting. Year to date, for the greater St George area, we are clearly in a seller’s market. Home sales are up 9.7% (compared to last year), the number of Active listings are down 3.8% (year to date), and the average sale price is up 7.4% (year to date). Check out this graph showing the past 3 years:
Over the past few years, we’ve been trending up in the St George market. I expect this trend to continue though the end of 2016. Being an election year, we may see some stagnancy or volatility toward the beginning of 2017, but I expect trends to continue after we regain footing under a new president.
Sunriver statistics are included within these numbers above, as this 55+ community is within St George, however I often have requests for community information specific to Sunriver, so we'll break it down in that community. Sunriver, once completed will be about 2300 homes. At this point, Sunriver has about 200 homes left before it’s totally built out. They are beginning construction on a new community adjacent to Sunriver, however this community will be independent of Sunriver. The developer hasn’t really committed to any specific plan, so what will ultimately go in this community remains to be seen. At this point, they are suggesting there will be some of the homes available as nightly rentals, which could prove to be a popular investment. Many buyers look for homes to rent for short term either to visit the area, or to live in for awhile as they decide to move here, or build. Again, this community will NOT be a part of Sunriver, only adjacent to the community.
Inventory remains low in Sunriver, and prices are on the rise. The most popular price point is under $200,000 but as of today, there isn’t anything available priced $200,000 or under.
Currently, there are: 54 available homes, 24 homes that are PENDING, and there have been 52 homes sold in the past 90 days. The average Sale price in Sunriver (YTD) is up 4.5% over last year.
I have 2 homes available in Sunriver—one is in Reflections, which is the gated 55+ community within Sunriver. This home is higher end and overlooks the private Reflections pool, along with panoramic views of the mountains. This home is 3,163 sqft but it’s not a home that you’d feel is too big, it’s just that each room is very spacious—no extra rooms you won’t use, just plenty of space in the rooms you need. Here is a link to the REFLECTIONS home: SunRiver Reflections home For Sale
My other listing is only 3 years old and full of upgrades. Sunriver is still building this floor plan--but there is NO WAY you could build this home for this price. It’s on an amazing lot—at the end of a cul-de-sac and no homes directly behind (or on one side). Here is a link for this home: Sunriver Home For Sale