Great St George market and area info

March 31, 2017

The Local Lookout- Gooseberry Mesa

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Feb. 21, 2017

The Local Lookout- Anasazi Petroglyphs

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Jan. 16, 2017

The Local Lookout- Hidden Canyon Trail

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Jan. 5, 2017

2016 Housing Market Report

Here is how the Market did in 2016. Great time to own a home in S. UTAH! Lots of growth.

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Dec. 19, 2016

The Local Lookout -Prospector Trail-

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Nov. 17, 2016

The Local Lookout- Padre Canyon

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Oct. 24, 2016

The Local Lookout- Thunder Junction

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Oct. 8, 2016

September 2016 Market Report

I hope your weekend is treating you well! It is the first part of the month and you know what that means. It’s time to do the numbers.

September saw a decrease in sales compared with September of 2015. Sales decreased by 4.5% which is attributed to a lack of inventory in listings under $150,000. As prices continue to rise, many buyers are simply priced out of the market.

The cooler temps and the increased number of events happening in town will be noticeable for the rest of the month and up to the holiday season. This should keep inventory levels low through that time and continue to boost prices up.

See the full September Market Report for the county below. If you have any questions about a specific area within the market or a particular home, please don’t hesitate to call or email as I am ALWAYS happy to help! Have a great weekend.

Dave :)

Summary Statistics

Sep-16

Sep-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.1

5.49

-25.32

4.58

6.13

-25.29

Average List Price

$431,382

$387,058

11.45

$345,302

$328,401

5.15

Median List Price

$325,000

$294,000

10.54

$275,000

$257,000

7.00

Average Sale Price

$277,171

$252,497

9.77

$269,621

$250,372

7.69

Median Sale Price

$237,900

$220,000

8.14

$236,000

$220,000

7.27

Average CDOM

81

75

8.00

85

96

-11.46

Median CDOM

29

32

-9.37

40

51

-21.57

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	4	5	-20.0	49	49	0.0
50,000-99,999	11	21	-47.6	136	166	-18.1
100,000-149,999	43	71	-39.4	382	500	-23.6
150,000-199,999	70	65	7.7	657	638	3.0
200,000-249,999	66	64	3.1	653	544	20.0
250,000-349,999	82	82	0.0	851	746	14.1
350,000-449,999	40	34	17.6	403	287	40.4
450,000-549,999	20	14	42.9	153	117	30.8
550,000-649,999	11	6	83.3	80	57	40.4
650,000-749,999	5	4	25.0	36	29	24.1
750,000-999,999	4	6	-33.3	38	27	40.7
1,000,000-1,499,999	2	1	100.0	9	9	0.0
1,500,000-1,999,999	0	0	0.0	0	3	-100.0
2,000,000-2,499,999	0	0	0.0	1	0	N/A
2,500,000-2,999,999	0	0	0.0	2	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	358	373	-4.0	3450	3172	8.8

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	7	3	133.3	46	48	-4.2
50,000-99,999	22	18	22.2	143	175	-18.3
100,000-149,999	31	45	-31.1	370	506	-26.9
150,000-199,999	77	63	22.2	724	690	4.9
200,000-249,999	87	52	67.3	730	559	30.6
250,000-349,999	86	76	13.2	957	754	26.9
350,000-449,999	44	42	4.8	423	334	26.6
450,000-549,999	24	13	84.6	178	128	39.1
550,000-649,999	5	2	150.0	81	63	28.6
650,000-749,999	5	4	25.0	43	31	38.7
750,000-999,999	6	7	-14.3	49	37	32.4
1,000,000-1,499,999	3	2	50.0	13	8	62.5
1,500,000-1,999,999	0	0	0.0	2	5	-60.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	0	0	0.0	2	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	397	327	21.4	3762	3339	12.7

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	24	34	-29.4	82	110	-25.5
50,000-99,999	47	79	-40.5	250	354	-29.4
100,000-149,999	70	165	-57.6	507	821	-38.2
150,000-199,999	137	226	-39.4	968	1109	-12.7
200,000-249,999	175	248	-29.4	1108	1048	5.7
250,000-349,999	400	419	-4.5	1730	1634	5.9
350,000-449,999	260	276	-5.8	953	867	9.9
450,000-549,999	137	146	-6.2	447	416	7.5
550,000-649,999	72	83	-13.3	248	240	3.3
650,000-749,999	54	50	8.0	149	130	14.6
750,000-999,999	61	83	-26.5	178	187	-4.8
1,000,000-1,499,999	35	24	45.8	77	76	1.3
1,500,000-1,999,999	14	24	-41.7	46	46	0.0
2,000,000-2,499,999	7	5	40.0	11	13	-15.4
2,500,000-2,999,999	9	4	125.0	14	12	16.7
3,000,000+	9	9	0.0	14	19	-26.3
Totals	1511	1875	-19.4	6782	7082	-4.2

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	7	-57.1	53	75	-29.3
50,000-99,999	10	26	-61.5	163	255	-36.1
100,000-149,999	30	53	-43.4	399	630	-36.7
150,000-199,999	79	82	-3.7	790	834	-5.3
200,000-249,999	81	92	-12.0	885	778	13.8
250,000-349,999	124	152	-18.4	1315	1214	8.3
350,000-449,999	87	63	38.1	721	631	14.3
450,000-549,999	43	32	34.4	332	307	8.1
550,000-649,999	20	9	122.2	173	169	2.4
650,000-749,999	15	7	114.3	104	84	23.8
750,000-999,999	10	12	-16.7	116	125	-7.2
1,000,000-1,499,999	7	2	250.0	53	44	20.5
1,500,000-1,999,999	3	4	-25.0	21	33	-36.4
2,000,000-2,499,999	1	1	0.0	5	10	-50.0
2,500,000-2,999,999	0	1	-100.0	7	7	0.0
3,000,000+	2	2	0.0	7	8	-12.5
Totals	515	545	-5.5	5144	5204	-1.2

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Sept. 24, 2016

The Local Lookout- Virgin River Trail

David Alderman

Painted Hills Realty

435-414-4615

david@aldermanrealty.com

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Sept. 9, 2016

August 2016 Housing Market Report

Good morning! I hope that you had a wonderful Labor Day weekend with family and friends. Well, it is the first part of the month and you know what that means. It’s time to do the numbers.

· Summer is finishing strong this year for the Washington County housing market. Most notably for the month of August, the Average Sale Price increased 17.2% compared to August of 2015. This helped increase Average Sale Price YTD to 7.44% compared to 2015.

· Look to the end of September and October for an increase in New Listings on the market which is customary for fall. Also, look for an increase in buyer activity as the city fills up when the temperatures come down.

· Another hot topic this month, look to the FED as an increase in interest rates is the big question on everybody’s mind. If there is an increase, it is expected to be marginal but it could affect a buyers purchase power.

See the full report below and as always, if you have questions about this information or you would like more specific information about a home or neighborhood, let me know because I am ALWAYS happy to help. Have a great rest of the week.

Dave

DAVID ALDERMAN

PAINTED HILLS REALTY

(435) 414-4615
david@aldermanrealty.com

StGeorgeResidences.com

Summary Statistics

Aug-16

Aug-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.12

5.44

-24.26

4.64

6.18

-24.92

Average List Price

$423,785

$387,140

9.47

$343,663

$329,163

4.41

Median List Price

$319,500

$289,999

10.17

$274,900

$257,900

6.59

Average Sale Price

$279,914

$238,826

17.20

$268,699

$250,088

7.44

Median Sale Price

$246,000

$211,000

16.59

$236,000

$220,000

7.27

Average CDOM

77

101

-23.76

86

99

-13.13

Median CDOM

32

41

-21.95

41

54

-24.07

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	7	8	-12.5	44	44	0.0
50,000-99,999	8	25	-68.0	123	145	-15.2
100,000-149,999	31	51	-39.2	337	429	-21.4
150,000-199,999	85	71	19.7	584	573	1.9
200,000-249,999	79	57	38.6	580	480	20.8
250,000-349,999	104	80	30.0	765	664	15.2
350,000-449,999	54	25	116.0	358	253	41.5
450,000-549,999	19	13	46.2	129	103	25.2
550,000-649,999	6	10	-40.0	69	51	35.3
650,000-749,999	6	0	N/A	31	25	24.0
750,000-999,999	6	1	500.0	34	21	61.9
1,000,000-1,499,999	0	1	-100.0	7	8	-12.5
1,500,000-1,999,999	0	0	0.0	0	3	-100.0
2,000,000-2,499,999	0	0	0.0	1	0	N/A
2,500,000-2,999,999	1	0	N/A	2	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	406	342	18.7	3064	2799	9.5

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	6	8	-25.0	39	45	-13.3
50,000-99,999	8	20	-60.0	122	157	-22.3
100,000-149,999	45	60	-25.0	342	461	-25.8
150,000-199,999	79	76	3.9	652	628	3.8
200,000-249,999	85	51	66.7	653	507	28.8
250,000-349,999	102	73	39.7	878	678	29.5
350,000-449,999	55	18	205.6	379	292	29.8
450,000-549,999	23	12	91.7	156	115	35.7
550,000-649,999	7	8	-12.5	74	61	21.3
650,000-749,999	3	2	50.0	37	27	37.0
750,000-999,999	8	5	60.0	44	30	46.7
1,000,000-1,499,999	1	0	N/A	11	6	83.3
1,500,000-1,999,999	0	1	-100.0	2	5	-60.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	0	0	0.0	2	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	422	334	26.3	3392	3013	12.6

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	22	31	-29.0	79	101	-21.8
50,000-99,999	48	91	-47.3	238	328	-27.4
100,000-149,999	89	173	-48.6	478	764	-37.4
150,000-199,999	121	223	-45.7	886	1021	-13.2
200,000-249,999	183	233	-21.5	1021	950	7.5
250,000-349,999	398	395	0.8	1606	1471	9.2
350,000-449,999	233	266	-12.4	860	802	7.2
450,000-549,999	132	135	-2.2	405	378	7.1
550,000-649,999	67	83	-19.3	225	230	-2.2
650,000-749,999	49	49	0.0	129	122	5.7
750,000-999,999	58	87	-33.3	168	174	-3.4
1,000,000-1,499,999	33	25	32.0	71	72	-1.4
1,500,000-1,999,999	13	24	-45.8	43	41	4.9
2,000,000-2,499,999	6	4	50.0	10	12	-16.7
2,500,000-2,999,999	9	6	50.0	14	10	40.0
3,000,000+	9	8	12.5	12	17	-29.4
Totals	1470	1833	-19.8	6245	6493	-3.8

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	8	8	0.0	52	66	-21.2
50,000-99,999	17	27	-37.0	151	229	-34.1
100,000-149,999	33	60	-45.0	370	576	-35.8
150,000-199,999	71	83	-14.5	714	752	-5.1
200,000-249,999	93	81	14.8	801	685	16.9
250,000-349,999	144	123	17.1	1196	1061	12.7
350,000-449,999	92	66	39.4	634	567	11.8
450,000-549,999	39	23	69.6	292	274	6.6
550,000-649,999	10	20	-50.0	151	160	-5.6
650,000-749,999	7	12	-41.7	84	77	9.1
750,000-999,999	12	7	71.4	107	113	-5.3
1,000,000-1,499,999	6	6	0.0	48	42	14.3
1,500,000-1,999,999	2	2	0.0	18	29	-37.9
2,000,000-2,499,999	0	2	-100.0	4	9	-55.6
2,500,000-2,999,999	0	1	-100.0	7	6	16.7
3,000,000+	1	0	N/A	5	6	-16.7
Totals	535	521	2.7	4634	4652	-0.4

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FIND YOUR ST. GEORGE, UTAH HOME

Learn More About The Area

The Local Lookout- Gooseberry Mesa

The Local Lookout- Anasazi Petroglyphs

The Local Lookout- Hidden Canyon Trail

2016 Housing Market Report

The Local Lookout -Prospector Trail-

The Local Lookout- Padre Canyon

The Local Lookout- Thunder Junction

September 2016 Market Report

The Local Lookout- Virgin River Trail

August 2016 Housing Market Report

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