February 2011 St George Utah Real Estate Statistics
Posted by Paula Smith on Sunday, February 27th, 2011 at 9:10am.This report will illustrate the current market conditions for the Greater St. George Utah housing market for residential sales and activity. I will also include Sunriver St George housing market statistics as well as foreclosures and distressed property in general and the effect on both the luxury market as well as the Active Adult (55+) community.
Currently, there are 1572 active homes for sale in the Greater St George area. Of these homes, 477 homes ARE of distressed status. This equates to 30% of the inventory in St. George Utah IS of distressed status. This number is an improvement over months past. Since January 1st 2011 there have been 356 homes sold and of those sold homes 171 WERE of distressed status which is 48% of the sold homes WERE of distressed status.
Luxury Homes Market Conditions
Here is some information more specific to the higher end homes, this will include any residential home listed or sold over $500,000. There are currently 211 homes listed over $500,000 and of these homes, there are 13 homes that are of distressed status. There are 12 pending homes and of the 12, half (6) ARE of distressed status. From December 1, 2010 through February 26, 2011 there have been 22 Luxury homes sold, and of those 22 there were 7 that were of distressed status. Visit my St. George Luxury Homes page to find Luxury homes available in the Greater St. George area.
SunRiver St George Sold Homes and Foreclosure Activity
Currently there are 71 homes listed for sale in SunRiver St George, which is an adult (55+) community. Of these 71 homes, only 1 is of distressed status. This foreclosure activity for Sun River (of lack of) is typical, this subdivision experiences very minimal foreclosure or short sale (distressed) property which also helps the community to maintain higher price values. The reason is because most homeowners have put a significant down payment or paid cash for their home. Another popular choice for many SunRiver home buyers is a reverse mortgage purchase. Since December 1, 2010 there have been 14 homes sold and again, only 1 was of distressed status. There are currently 8 homes pending in SunRiver. Visit my SunRiver St George Homes for sale page to see all MLS listed homes available in Sun River.
Greater St George Market Snapshot and Comparison
Here is a comparison for the past 30 days for both 2011 and the same period for 2010
2011:
2010:
Thank you for reading, and share your thoughts below in the comment section. If you want other reports, just ask! Paula Smith Re/Max First Realty www.StGeorgeUTproperty.com
"Dedicated to providing an unprecedented level of service and exceed Client expectations" Contact Paula Smith today if I can be of assistance.
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