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St George Real Estate Market Report July 2008

Posted by on Friday, August 15th, 2008 at 1:44am.

Looking for recent home sales in St George Utah?  Here is the St George real estate market report for July 2008.  I have had a few requests for particular reports from some visitors, so feel free to comment!  Questions and comments are accepted below.   The first grid shows the price range statistics for residential homes currently ACTIVE in the greater St George area.  This will include only residential homes in and around St George, Santa Clara, Ivins, and Washington. 

Active Listings
List Price Range Number of Listings Average Days on Market
$0-$19,999 1 28
$20,000-$29,999 4 119
$30,000-$39,999 1 185
$40,000-$49,999 1 86
$50,000-$59,999 4 38
$60,000-$69,999 6 86
$70,000-$79,999 6 126
$80,000-$89,999 6 147
$90,000-$99,999 12 136
$100,000-$109,999 15 92
$110,000-$119,999 21 155
$120,000-$129,999 25 123
$130,000-$139,999 32 113
$140,000-$149,999 34 105
$150,000-$159,999 40 99
$160,000-$169,999 43 112
$170,000-$179,999 52 128
$180,000-$189,999 57 117
$190,000-$199,999 59 113
$200,000-$224,999 126 119
$225,000-$249,999 170 124
$250,000-$274,999 114 137
$275,000-$299,999 155 123
$300,000-$349,999 189 115
$350,000-$399,999 149 119
$400,000-$449,999 87 121
$450,000-$499,999 104 161
$500,000-$749,999 235 133
$750,000-$999,999 101 159
$1,000,000+ 114 169
The average price for the 1963 properties is $431,935.
The highest price is $8,300,000.
The median price is $299,900.
The lowest price is $15,000.
The average Market Time is 129.
This is a useful breakdown showing how many homes are for sale in various price ranges. 

Now, lets take a look at what has ACTUALLY SOLD in St. George.  

Here is a grid with the July sold market activity reflecting a breakdown for each price range.

Sold Listings
List Price Range Number of Listings Average Days to Sold
$0-$19,999 1 190
$20,000-$29,999 1 29
$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 3 122
$100,000-$109,999 1 112
$110,000-$119,999 1 60
$120,000-$129,999 3 132
$130,000-$139,999 5 144
$140,000-$149,999 5 101
$150,000-$159,999 2 50
$160,000-$169,999 8 126
$170,000-$179,999 7 83
$180,000-$189,999 4 174
$190,000-$199,999 3 125
$200,000-$224,999 19 132
$225,000-$249,999 9 138
$250,000-$274,999 14 136
$275,000-$299,999 5 71
$300,000-$349,999 13 138
$350,000-$399,999 9 253
$400,000-$449,999 5 200
$450,000-$499,999 1 23
$500,000-$749,999 4 84
$750,000-$999,999 3 87
$1,000,000+ 2 294
The average price for the 128 properties is $275,427.
The highest price is $1,925,000.
The median price is $229,900.
The lowest price is $15,000.
The average Market Time is 136.
The highest numbers reflect $200,000 to $224,999 as the movers of the real estate market.   The days on market statistic is relatively high for most every price range.  Property sold over $450,000 is a tragedy compared to what is active; the active grid (above) shows this price range as the highest active amount.  Luxury homes are not exempt from the foreclosure epidemic.  These higher priced homes are increasing each day with notice of defaults as well as actual foreclosing. 

Ironically, as a whole, Washington County is not on a sinking ship.  Although we have taken on some water, July was a decent month for sales.  Considering July is statistically the 2nd slowest month for sales, a total of 224 properties were sold (this includes residential, commercial, land etc…) 5 out of the past 10 months have resulted in lower sales volume than July’s 224 total.  So for you sellers that feel like there is no hope, price your property competitively and do everything you can for presentation…there is a light at the end of this housing tunnel.  For you buyers…jump off the fence.  Hanging out on the sidelines could result in higher interest rates in the future.

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