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    <channel>
        <title>St George Utah Real Estate Blog</title>
        <link>http://www.stgeorgeutproperty.com/blog/hurricane-sales-statistics/</link>
        <description>Find news and information pertaining to the St George Utah real estate market.  Paula Smith of ReMax First offers news and updates with relevant market statistics and analysis.   </description>
        <item>
            <guid>http://www.stgeorgeutproperty.com/blog/st-george-real-estate-market-statistics-november-2011.html</guid>
            <link>http://www.stgeorgeutproperty.com/blog/st-george-real-estate-market-statistics-november-2011.html</link>
            <author>paula@stgeorgeutproperty.com (Paula Smith)</author>
            <title>St. George Real Estate Market Statistics November 2011</title>
            <description> <![CDATA[ 
I've neglected the housing statistics for so long, that even
I am excited to find out what's going on the in the St. George real estate
market.  Thanks Brian for the push I
needed to get this information up to date.


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:





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.   





 


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 sale visit this link:


SANTA CLARA UTAH HOMES FOR SALE
 ]]> </description>
            <pubDate>Tue, 15 Nov 2011 12:46:08 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.stgeorgeutproperty.com/blog/st-george-and-hurricane-real-estate-statistics-september-2010.html</guid>
            <link>http://www.stgeorgeutproperty.com/blog/st-george-and-hurricane-real-estate-statistics-september-2010.html</link>
            <author>paula@stgeorgeutproperty.com (Paula Smith)</author>
            <title>St George and Hurricane Real Estate Statistics September 2010</title>
            <description> <![CDATA[ 
This St George Utah real estate housing market report will show statistics for what has sold in St George and Hurricane areas as well as the number of distressed sales due to short sales and foreclosures in Washington County Utah.  This market report is for residential home sales as of September 21, 2010 and will include figures for the past 45 days (unless otherwise noted). 


The number of sold homes for Greater St George Utah for the month of August was:  208 (compared to 183 for July) and the number for sales in Hurricane Valley was:  25 (compared to 33 for July).


St George Utah Foreclosure Activity


Of the reported 208 homes sold in St George for August, 123 we of NON-distressed status.   This means that 85 homes sold were distressed (short sale or foreclosure) which equals almost 41% of sold homes were of distressed property.


Hurricane Utah Foreclosure Activity


Of the 23 homes sold in Hurricane Utah for August 2010, only 11 homes were of NON-distress status.  This reflects that 14 homes sold WERE distressed (short sale or foreclosure) which equals 56% of homes sold in August WERE distress sales.  


The first few weeks of REPORTED home sales in St George for September is looking to be on track for a decent month.  To date, we have 98 homes sold.  Of the 98 (reported so far) half (50%) are of distressed status.  Not all brokerages have reported all sales at this point, so this is only a preliminary number.


What’s For Sale in St George?


There are (as of today) 1,611 residential homes for sale in St George.  Of this number, 528 homes ARE of distressed status (32% of St. George inventory is distressed).


For Sale in Hurricane Utah


There are 302 homes for sale in Hurricane Valley area.  Of this number, 126 homes ARE of distressed status (42% of Hurricane inventory is distressed)


If you are interested in contributing to the number of “sold” homes and you are in need of a buyer’s agent, please contact Paula Smith!  ;-)  View all MLS listed property at:  www.stgeorgeutproperty.com/idx 
 ]]> </description>
            <pubDate>Tue, 21 Sep 2010 12:07:13 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.stgeorgeutproperty.com/blog/market-comparison-for-st-george-vs-hurricane.html</guid>
            <link>http://www.stgeorgeutproperty.com/blog/market-comparison-for-st-george-vs-hurricane.html</link>
            <author>paula@stgeorgeutproperty.com (Paula Smith)</author>
            <title>Market Comparison for St. George vs. Hurricane</title>
            <description> <![CDATA[ 
By request (thanks JN) let’s take a look at home prices and sales for the Greater St. George area as compared to Hurricane Valley.  Hurricane market statistics have been severely neglected by me this year, so I apologize for not being more on top of this!  Let’s take a look at a few graphs and analyze the data.  As usual this information is pulled direct from the Washington County MLS as reported by each brokerage.  The information may vary, or change, as offices may be late to report their numbers.St. George has more volume in sales (total sold 175 vs. Hurricane at 33 total sold) and the average sold price was higher in St George as compared with Hurricane. 


So What Price Range is Selling for Hurricane vs. St. George?


St George almost always has the highest sold in the $200,000 to 225,000 price range and this month is no different.  Hurricane however is very mixed with the numbers all over the place and no heavy interest in any particular range.


             ST GEORGE PRICE SOLD PRICE RANGE                                   HURRICANE UTAH SOLD PRICE RANGE





What City in Washington County Has More Foreclosure Activity?


Okay…so let’s take a look at the ever-popular foreclosures.  Who’s got the most…St George or Hurricane??  Well clearly there are more homes in St George so let’s take a look at the percentage for each area.  


HURRICANE:CURRENT ACTIVE= 301 of this number, 118 (or 39%) of the current active inventory is of DISTRESSED property (short sale or foreclosure).  In JULY 2010 33 SOLD.  Of the 33 SOLD in July 20 (or 60%) were distressed sales.


ST. GEORGE=CURRENT ACTIVE= 1621 of this number, 567 (or 34.9%) of the inventory is of DISTRESSED property (short sale or foreclosure).  In JULY 2010 175 SOLD.  Of the 175 SOLD in July 82 homes (or 46.8%) were distressed sales.


So, the analysis shows us that Hurricane is facing a higher percentage of distress sales.  


Thank you so much to my readers and to those who ask for these more specific statistics!  If you are interested in researching property for sale in St George or Hurricane, please visit the property search page.  St George Utah Real Estate or Hurricane Utah Real Estate can be accessed by these links. 


This report is brought to you by PAULA SMITH, REALTOR with MAXUS Realty of St George Utah--member of the Washington County Board of REALTORS.  
 ]]> </description>
            <pubDate>Sun, 08 Aug 2010 16:48:51 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.stgeorgeutproperty.com/blog/hurricane-utah-real-estate-report-for-july-2008.html</guid>
            <link>http://www.stgeorgeutproperty.com/blog/hurricane-utah-real-estate-report-for-july-2008.html</link>
            <author> ( )</author>
            <title>Hurricane Utah Real Estate Report for July 2008</title>
            <description> <![CDATA[ What has the Hurricane Utah real estate market been doing?&nbsp; I apologize to my Hurricane residents and information seekers; I have been neglecting your real estate statistical data so lets take a look what at the reports.&nbsp; Here is a nice Summary that I did today.&nbsp; This provides data from July 1 to August 6, 2008, reported by all board members of Washington County for approximately the past 40 days of market activity for the entire Hurricane Valley.&nbsp; This includes ONLY RESIDENTIAL and will not include Commercial or land.&nbsp; 



    
 

    
        
            
&nbsp;

            
Total

            
Total List Volume

            
Median List Price

            
Average List Price

            
DOM

            
Total Sold Volume

            
Median Sold Price

            
Average Sold Price

            
SP/LP

            
SP/OLP

        
        
            
Sold

            
26

            
$5,729,329

            
$169,900

            
$220,358

            
84

            
$5,493,800

            
$184,700

            
$211,300

            
95.89

            
94.22

        
        
            
List/Sold

            
11

            
$2,079,199

            
$146,900

            
$189,018

            
81

            
$2,071,200

            
$154,900

            
$188,290

            
99.61

            
98.45

        
        
            
Co-Broker

            
15

            
$3,650,130

            
$212,400

            
$243,342

            
87

            
$3,422,600

            
$215,900

            
$228,173

            
93.77

            
91.83

        
        
            
New

            
80

            
$23,044,077

            
$250,000

            
$288,050

            
20

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Pending

            
22

            
$5,017,824

            
$194,900

            
$228,082

            
117

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Withdrawn

            
5

            
$1,274,500

            
$219,900

            
$254,900

            
136

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Cancelled

            
21

            
$6,069,054

            
$239,900

            
$289,002

            
113

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Expired

            
60

            
$17,102,898

            
$265,000

            
$285,048

            
217

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Back On Market

            
17

            
$4,330,100

            
$204,900

            
$254,711

            
193

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Extended

            
13

            
$2,946,350

            
$209,900

            
$226,642

            
183

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Active In Range

            
417

            
$123,470,426

            
$259,000

            
$296,092

            
139

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
        
            
Current Active

            
357

            
$106,902,478

            
$259,900

            
$299,446

            
134

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

            
&nbsp;

        
    



I suppose what catches my attention is the 26 that sold.&nbsp; Not bad.&nbsp; But having a closer look, check out the &ldquo;Pending” this reflects 22-wow, also not bad.&nbsp; The double take is when you have a look at &ldquo;Back on the Market” 17.&nbsp; Wow, that is a huge percentage of homes that fell out of escrow.&nbsp; Of course there can be multiple reasons for escrow fall out, but this number is really big.  

So what is selling in Hurricane Utah?


Of the homes listed above, what were the movers and shakers leading the pack?&nbsp; Well it appears first place goes to $150,000 to $159,999 price range.&nbsp;&nbsp; After this, its spread over the board with other price ranges that was sold.&nbsp; 



    
        
            
 
Sold Listings


        
        
            
List Price Range

            
Number of Listings

            
Average Days to Sold

        
        
            
$0-$19,999

            
1

            
162

        
        
            
$20,000-$29,999

            
0

            
0

        
        
            
$30,000-$39,999

            
0

            
0

        
        
            
$40,000-$49,999

            
0

            
0

        
        
            
$50,000-$59,999

            
0

            
0

        
        
            
$60,000-$69,999

            
0

            
0

        
        
            
$70,000-$79,999

            
0

            
0

        
        
            
$80,000-$89,999

            
0

            
0

        
        
            
$90,000-$99,999

            
0

            
0

        
        
            
$100,000-$109,999

            
0

            
0

        
        
            
$110,000-$119,999

            
0

            
0

        
        
            
$120,000-$129,999

            
0

            
0

        
        
            
$130,000-$139,999

            
4

            
89

        
        
            
$140,000-$149,999

            
4

            
75

        
        
            
$150,000-$159,999

            
5

            
113

        
        
            
$160,000-$169,999

            
0

            
0

        
        
            
$170,000-$179,999

            
0

            
0

        
        
            
$180,000-$189,999

            
0

            
0

        
        
            
$190,000-$199,999

            
0

            
0

        
        
            
$200,000-$224,999

            
3

            
89

        
        
            
$225,000-$249,999

            
3

            
96

        
        
            
$250,000-$274,999

            
2

            
44

        
        
            
$275,000-$299,999

            
0

            
0

        
        
            
$300,000-$349,999

            
2

            
76

        
        
            
$350,000-$399,999

            
1

            
1

        
        
            
$400,000-$449,999

            
0

            
0

        
        
            
$450,000-$499,999

            
0

            
0

        
        
            
$500,000-$749,999

            
1

            
17

        
        
            
$750,000-$999,999

            
0

            
0

        
        
            
$1,000,000+

            
0

            
0

        
        
            
The average price for the 26 properties is $203,226.

        
        
            
The highest price is $525,000.

        
        
            
The median price is $158,900.

        
        
            
The lowest price is $0.

        
        
            
The average Market Time is 84.

        
    



Are you selling your Hurricane Utah home?&nbsp; 

Well, this may be some statistical data that you are not appreciating.&nbsp; Its a difficult market for our sellers in the Southern Utah area.&nbsp; Here are some numbers for the current inventory of the entire Hurricane Valley Utah , residential listings, active as of today: 357

Here is a Residential graph that gives a price range analysis, this is ONLY Residential property for the Hurricane Valley area. 



    
        
            
 
Active Listings


        
        
            
List Price Range

            
Number of Listings

            
Average Days on Market

        
        
            
$0-$19,999

            
0

            
0

        
        
            
$20,000-$29,999

            
0

            
0

        
        
            
$30,000-$39,999

            
0

            
0

        
        
            
$40,000-$49,999

            
0

            
0

        
        
            
$50,000-$59,999

            
0

            
0

        
        
            
$60,000-$69,999

            
2

            
66

        
        
            
$70,000-$79,999

            
2

            
197

        
        
            
$80,000-$89,999

            
1

            
5

        
        
            
$90,000-$99,999

            
1

            
82

        
        
            
$100,000-$109,999

            
1

            
255

        
        
            
$110,000-$119,999

            
4

            
119

        
        
            
$120,000-$129,999

            
8

            
80

        
        
            
$130,000-$139,999

            
10

            
129

        
        
            
$140,000-$149,999

            
16

            
143

        
        
            
$150,000-$159,999

            
8

            
135

        
        
            
$160,000-$169,999

            
10

            
94

        
        
            
$170,000-$179,999

            
22

            
132

        
        
            
$180,000-$189,999

            
9

            
98

        
        
            
$190,000-$199,999

            
17

            
139

        
        
            
$200,000-$224,999

            
28

            
135

        
        
            
$225,000-$249,999

            
30

            
122

        
        
            
$250,000-$274,999

            
33

            
129

        
        
            
$275,000-$299,999

            
39

            
161

        
        
            
$300,000-$349,999

            
30

            
120

        
        
            
$350,000-$399,999

            
24

            
156

        
        
            
$400,000-$449,999

            
14

            
139

        
        
            
$450,000-$499,999

            
20

            
190

        
        
            
$500,000-$749,999

            
20

            
111

        
        
            
$750,000-$999,999

            
5

            
139

        
        
            
$1,000,000+

            
3

            
109

        
        
            
The average price for the 357 properties is $299,446.

        
        
            
The highest price is $2,090,000.

        
        
            
The median price is $259,900.

        
        
            
The lowest price is $69,900.

        
        
            
The average Market Time is 134.

        
    


This is not great news considering the high number of homes active in the $200,000 to $500,000 as compared to the graph above which reflects what has actually sold.&nbsp; 

Are you going to buy real estate in Hurricane Utah?


Well, buyers have the upper hand in this market.&nbsp; If you would like to search the entire Hurricane Utah MLS visit my Property Search page.&nbsp; Here, you can search by MLS number, street, subdivision or just price range and specific criteria.&nbsp; If you would like to receive other graphs for specific areas within Hurricane Valley, such as LaVerkin, Toquerville, or perhaps you would like to find out how the Hurricane Utah Commercial real estate market is fairing, contact Paula Smith today. ]]> </description>
            <pubDate>Wed, 06 Aug 2008 14:04:08 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.stgeorgeutproperty.com/blog/hurricane-sales-statistics-february-2008.html</guid>
            <link>http://www.stgeorgeutproperty.com/blog/hurricane-sales-statistics-february-2008.html</link>
            <author> ( )</author>
            <title>Hurricane Sales Statistics February 2008</title>
            <description> <![CDATA[ 

Here is the latest real estate breakdown on residential home sales for Hurricane Utah during the month of February 2008. Search parameters used were: residential homes for the entire Hurricane Valley area. This information was obtained via the Washington County Board of REALTORS MLS brokerage reporting. All information is deemed reliable, however, can not be guaranteed.


There were a total of 18 homes sold. Average days on the market (DOM)&nbsp;was 194. The average&nbsp;SOLD price came in at $235,475 and the average LIST price was $243,791. This is evidence that homes are taking a substantial amount of time to sell and when they do, the accepted contracts are below (the already lower) asking price. 


16 homes went pending for the month of February; however 11 were listed &quot;Back on the Market&quot;. 


This is a clear sign that the tighter lending conditions are truly affecting final sales. Often times, property returning &quot;Back on the Market&quot; are a result of the loan inability to fund. Of course there are additional reasons for deals to fall out of escrow and each transaction is unique; however, funding seems to be the front running reason. 


Hurricane Utah home sellers are in a precarious position. If they are expecting to &quot;sell fast&quot; they must be offering drastic price reductions or buyer incentives, which ultimately affects the home sellers' bottom line (or proceeds from the sale). This could potentially compromise the sellers' financial position, which may be contributing to the many Short Sales and Pre-foreclosure situations we are experiencing in both Hurricane and St. George.

 ]]> </description>
            <pubDate>Thu, 06 Mar 2008 19:43:01 -0600</pubDate>
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