St George Real Estate Market Conditions 2011

By
Real Estate Agent with Red Rock Real Estate St. George

Let's take a look at the general stats for greater St. George residential as of November 15, 2011:

ACTIVE: 1,171 of the 1,171 "active" 295 homes are distressed which equates to 25% of our inventory is of distressed status (short sale or foreclosure).

SOLD:  249 (from 10/1/11 through 11/14/11).  Of the 249 SOLD homes, 78 sold homes were of distressed status which equates to 31% of the sold homes were of distressed status.

Hurricane Utah Real Estate Market Conditions

Hurricane has been badly neglected on these posts, let's take a look at how our neighbors are doing.

ACTIVE:  214  of the 214 active (residential) homes there are 66 homes of distressed status (or 30% of the listed inventory is of distressed status)

SOLD:  44 (from 10/1/11 through 11/14/11).  Of the 44 sold homes, there were 16 distressed sales (or 36% of the sold homes were of distressed status)

ST GEORGE UTAH RESIDENTIAL YEAR TO DATE MARKET CONDITIONS

Let's take a sneak peak at the year end and year over year comparable sales.  Typically I post these in January, but let's see how things are stacking up:

St George Real Estate Stats

We are closing the gap between the RED line (active inventory) and the BLACK line (sold home) which is necessary for market stabilization (queue supply and demand!).  This 2 year review shows gradual, consistent  stabilization.  

St George Market Stats

 

So here is another of my favorite charts, I like to call it "what's selling".  This will show the price range of the 249 homes that were sold to gain perspective on the most sought after price range for most recent buyers.

 

 

If you have specific market information you'd like to see, feel free to email and I'll work in into my next post. 

I've got a few new listings!  For you SUN RIVER ST. GEORGE RESALE buyers, I have a 3 bedroom 3 bath (with CASITA), and 2 really great FULLY FURNISHED homes that are UNDER $180,000.  I've got one in Santa Clara that has 4 bedrooms and a great view for $199,000.  Find them all listed here: FEATURED LISTINGS

or for ALL Sun River St George homes for sale click here:

SUN RIVER HOMES FOR SALE

for ALL MLS listed Santa Clara Utah homes for salevisit this link:

SANTA CLARA UTAH HOMES FOR SALE

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

 

Merry Christmas!

Your friends in Maryland, Roy and Dolores Kelley

 
Longwood Gardens IMG_2228

Photographs by Roy Kelley.  Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs

 

Dec 25, 2011 09:57 AM #1
Anonymous
Anonymous

Time to get back to work!

Dec 27, 2011 07:36 AM #2
Rainmaker
2,066,248
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

 

Best wishes from your friends in Maryland, Roy and Dolores Kelley.

Happy New Year!

Wildlife Tree at Longwood Gardens IMG_2513

 

Photograph by Roy Kelley.  Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

 

Jan 01, 2012 09:25 AM #3
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Rainmaker
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Paula Smith

Paula Smith Red Rock Real Estate
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