Hurricane Utah Real Estate Report for July 2008
Posted by on Wednesday, August 6th, 2008 at 8:04pm.What has the Hurricane Utah real estate market been doing? 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. Here is a nice Summary that I did today. 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. This includes ONLY RESIDENTIAL and will not include Commercial or land.
| 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 | |||||
| Pending | 22 | $5,017,824 | $194,900 | $228,082 | 117 | |||||
| Withdrawn | 5 | $1,274,500 | $219,900 | $254,900 | 136 | |||||
| Cancelled | 21 | $6,069,054 | $239,900 | $289,002 | 113 | |||||
| Expired | 60 | $17,102,898 | $265,000 | $285,048 | 217 | |||||
| Back On Market | 17 | $4,330,100 | $204,900 | $254,711 | 193 | |||||
| Extended | 13 | $2,946,350 | $209,900 | $226,642 | 183 | |||||
| Active In Range | 417 | $123,470,426 | $259,000 | $296,092 | 139 | |||||
| Current Active | 357 | $106,902,478 | $259,900 | $299,446 | 134 |
I suppose what catches my attention is the 26 that sold. Not bad. But having a closer look, check out the “Pending” this reflects 22-wow, also not bad. The double take is when you have a look at “Back on the Market” 17. Wow, that is a huge percentage of homes that fell out of escrow. 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? Well it appears first place goes to $150,000 to $159,999 price range. After this, its spread over the board with other price ranges that was sold. | |
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| 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?
Well, this may be some statistical data that you are not appreciating. It’s a difficult market for our sellers in the Southern Utah area. Here are some numbers for the current inventory of the entire Hurricane Valley Utah , residential listings, active as of today: 357Here is a Residential graph that gives a price range analysis, this is ONLY Residential property for the Hurricane Valley area.
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| 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. | ||
Are you going to buy real estate in Hurricane Utah?
Well, buyers have the upper hand in this market. If you would like to search the entire Hurricane Utah MLS visit my Property Search page. Here, you can search by MLS number, street, subdivision or just price range and specific criteria. 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.
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