Aug. 22, 2016

The Local Lookout- Sand Mountain

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Aug. 8, 2016

July 2016 Housing Market Report

Good morning and I hope that your weekend was fantastic! It is the first part of the month and you know what the means. It’s time to do the numbers. We are in the middle of summer which typically signifies a bit of a slowdown for the St George market because of the heat but 2015 and 2016 have broken that trend. In July, the absorption rate and days on market decreased while average sale price and pending listings increased which all contribute to the increased sales activity we have seen this summer.

· Absorption Rate July 2016- 4.32% July 2015- 5.75% 24% Decrease

· Average Days on Market July 2016- 75 July 2015- 89 15% Decrease

· Average Sale Price July 2016- $261,605 July 2015- $246,836 5% Increase

· Pending Listings July 2016- 420 July 2015- 387 8% Increase

See the full July report below. August should show the same trends but we will have to wait for next month’s numbers to be sure. I hope that you have a fantastic week and if you have any questions about a specific area or neighborhood, please email or call me as I would love to help and share the information I have with you.

Best, Dave :)

DAVID ALDERMAN

PAINTED HILLS REALTY

(435) 414-4615
david@aldermanrealty.com

StGeorgeResidences.com

· Market Summary for July 2016

Summary Statistics

Jul-16

Jul-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.32

5.75

-24.87

4.7

6.31

-25.52

Average List Price

$423,950

$382,509

10.83

$346,089

$330,649

4.67

Median List Price

$315,555

$287,900

9.61

$274,900

$259,000

6.14

Average Sale Price

$261,605

$246,836

5.98

$266,367

$251,656

5.85

Median Sale Price

$229,950

$224,900

2.25

$235,000

$221,700

6.00

Average CDOM

75

89

-15.73

87

99

-12.12

Median CDOM

26

41

-36.59

43

55

-21.82

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	5	-40.0	37	36	2.8
50,000-99,999	11	21	-47.6	114	120	-5.0
100,000-149,999	41	62	-33.9	304	378	-19.6
150,000-199,999	85	78	9.0	492	502	-2.0
200,000-249,999	73	68	7.4	497	423	17.5
250,000-349,999	92	97	-5.2	655	584	12.2
350,000-449,999	42	40	5.0	299	228	31.1
450,000-549,999	9	19	-52.6	108	90	20.0
550,000-649,999	13	4	225.0	62	41	51.2
650,000-749,999	2	5	-60.0	24	25	-4.0
750,000-999,999	4	2	100.0	28	20	40.0
1,000,000-1,499,999	0	0	0.0	6	7	-14.3
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	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	375	401	-6.5	2628	2457	7.0

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	5	-40.0	34	37	-8.1
50,000-99,999	9	26	-65.4	112	137	-18.2
100,000-149,999	39	53	-26.4	305	401	-23.9
150,000-199,999	89	82	8.5	573	552	3.8
200,000-249,999	75	70	7.1	572	456	25.4
250,000-349,999	116	84	38.1	782	605	29.3
350,000-449,999	42	32	31.3	324	274	18.2
450,000-549,999	27	13	107.7	134	103	30.1
550,000-649,999	12	15	-20.0	69	53	30.2
650,000-749,999	4	2	100.0	34	25	36.0
750,000-999,999	1	4	-75.0	38	25	52.0
1,000,000-1,499,999	2	1	100.0	9	6	50.0
1,500,000-1,999,999	1	0	N/A	2	4	-50.0
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	420	387	8.5	2991	2679	11.6

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	27	35	-22.9	72	93	-22.6
50,000-99,999	47	99	-52.5	219	301	-27.2
100,000-149,999	83	178	-53.4	445	708	-37.1
150,000-199,999	155	256	-39.5	810	943	-14.1
200,000-249,999	186	235	-20.9	922	876	5.3
250,000-349,999	391	405	-3.5	1454	1358	7.1
350,000-449,999	254	253	0.4	774	737	5.0
450,000-549,999	134	137	-2.2	364	361	0.8
550,000-649,999	76	85	-10.6	218	211	3.3
650,000-749,999	54	49	10.2	124	111	11.7
750,000-999,999	60	91	-34.1	157	168	-6.5
1,000,000-1,499,999	35	30	16.7	66	68	-2.9
1,500,000-1,999,999	17	23	-26.1	41	40	2.5
2,000,000-2,499,999	6	2	200.0	10	10	0.0
2,500,000-2,999,999	9	6	50.0	14	10	40.0
3,000,000+	9	9	0.0	11	17	-35.3
Totals	1543	1893	-18.5	5701	6012	-5.2

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	4	-25.0	43	58	-25.9
50,000-99,999	18	28	-35.7	132	202	-34.7
100,000-149,999	39	78	-50.0	337	513	-34.3
150,000-199,999	84	98	-14.3	635	663	-4.2
200,000-249,999	90	90	0.0	697	602	15.8
250,000-349,999	141	134	5.2	1039	931	11.6
350,000-449,999	74	73	1.4	543	500	8.6
450,000-549,999	28	40	-30.0	250	247	1.2
550,000-649,999	19	26	-26.9	141	139	1.4
650,000-749,999	6	9	-33.3	79	64	23.4
750,000-999,999	5	17	-70.6	95	105	-9.5
1,000,000-1,499,999	5	3	66.7	42	34	23.5
1,500,000-1,999,999	2	1	100.0	16	26	-38.5
2,000,000-2,499,999	2	1	100.0	4	7	-42.9
2,500,000-2,999,999	0	1	-100.0	7	4	75.0
3,000,000+	0	1	-100.0	4	6	-33.3
Totals	516	604	-14.6	4064	4101	-0.9

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July 25, 2016

The Local Lookout- Cedar Breaks

The Local Lookout

Cedar Breaks National Monument

Hello and I hope that your weekend has gotten off to a FANTASTIC start! St George tends to be a place that is a bit on the warm side this time of year so this month’s Local Lookout features a place that is about an hour away and MUCH cooler.

Cedar Breaks National Monument is an hour’s drive away but a world apart. I go there to cool off in the summer, snowshoe in the winter, and stargaze year round. In the summer, camping, hiking, OHV touring, fishing, and sightseeing are common activities in or around the National Monument and this time of year is a great time to visit and see the wildflowers which are in full bloom.

Go for a Sunday drive, a weekend, or a late night to get a peek at the Milky Way from some of the darkest skies in the nation. This weekend, the highs are in the low 70’s so make sure to take advantage while the weather is great!

If you would like directions or further suggestions on what to do up there, please feel free to call or email as I would love to share what I know about the area! Thanks and have a great weekend!

Dave :)

DAVID ALDERMAN

PAINTED HILLS REALTY

(435) 414-4615

david@aldermanrealty.com

StGeorgeResidences.com

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July 8, 2016

June 2016 Housing Market Report

Hello and Happy Friday to you. I hope that you had a great 4^th of July weekend! It is the first part of the month and you know what that means. It’s time to do the numbers.

The trends continue!

· Inventory levels continue to decrease as homebuyers remain very active

o Inventory (absorption rate) is at 4.36 months

o Inventory down 25.31% YTD

o Average Days on Market down 11% YTD

· Great news this month for buyers looking for a home:

o New Listings saw a big jump, especially in the $150,000-$250,000 range

o Interest rates remain low!

· Great news this month for homeowners:

o Average Sale Price increased 5.76% YTD

o Sold Listings have increased 8.7% YTD

See the full report below and as always, if you have any questions about this information or would like more detailed information about a specific area or home, please don’t hesitate to call, text, or email. Have a great weekend!

Dave :)

DAVID ALDERMAN

PAINTED HILLS REALTY

(435) 414-4615
david@aldermanrealty.com

StGeorgeResidences.com

Summary Statistics

Jun-16

Jun-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.36

5.84

-25.34

4.75

6.36

-25.31

Average List Price

$424,279

$378,889

11.98

$349,964

$332,478

5.26

Median List Price

$315,900

$285,000

10.84

$275,000

$259,000

6.18

Average Sale Price

$287,350

$268,023

7.21

$267,144

$252,596

5.76

Median Sale Price

$249,605

$230,000

8.52

$235,000

$221,500

6.09

Average CDOM

90

99

-9.09

89

100

-11.00

Median CDOM

35

46

-23.91

47

57

-17.54

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	0	N/A	34	31	9.7
50,000-99,999	13	17	-23.5	103	99	4.0
100,000-149,999	38	43	-11.6	261	316	-17.4
150,000-199,999	81	89	-9.0	402	424	-5.2
200,000-249,999	88	77	14.3	422	355	18.9
250,000-349,999	109	98	11.2	556	487	14.2
350,000-449,999	63	49	28.6	256	188	36.2
450,000-549,999	22	21	4.8	98	71	38.0
550,000-649,999	9	8	12.5	48	37	29.7
650,000-749,999	5	7	-28.6	22	20	10.0
750,000-999,999	8	1	700.0	24	18	33.3
1,000,000-1,499,999	3	0	N/A	6	7	-14.3
1,500,000-1,999,999	0	1	-100.0	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	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	442	411	7.5	2234	2056	8.7

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	7	5	40.0	31	32	-3.1
50,000-99,999	11	19	-42.1	105	111	-5.4
100,000-149,999	44	57	-22.8	269	348	-22.7
150,000-199,999	87	68	27.9	487	470	3.6
200,000-249,999	90	55	63.6	500	386	29.5
250,000-349,999	123	85	44.7	666	521	27.8
350,000-449,999	55	48	14.6	283	242	16.9
450,000-549,999	12	20	-40.0	108	90	20.0
550,000-649,999	15	4	275.0	61	38	60.5
650,000-749,999	5	2	150.0	30	23	30.4
750,000-999,999	8	3	166.7	36	21	71.4
1,000,000-1,499,999	0	0	0.0	7	5	40.0
1,500,000-1,999,999	0	0	0.0	1	4	-75.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
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	458	366	25.1	2587	2292	12.9

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	29	37	-21.6	69	89	-22.5
50,000-99,999	44	111	-60.4	199	273	-27.1
100,000-149,999	93	178	-47.8	405	626	-35.3
150,000-199,999	152	236	-35.6	720	839	-14.2
200,000-249,999	197	239	-17.6	832	780	6.7
250,000-349,999	379	409	-7.3	1302	1214	7.2
350,000-449,999	246	253	-2.8	710	663	7.1
450,000-549,999	141	132	6.8	333	315	5.7
550,000-649,999	78	82	-4.9	200	184	8.7
650,000-749,999	58	42	38.1	120	101	18.8
750,000-999,999	66	90	-26.7	151	150	0.7
1,000,000-1,499,999	34	32	6.3	61	63	-3.2
1,500,000-1,999,999	17	22	-22.7	40	38	5.3
2,000,000-2,499,999	4	2	100.0	8	9	-11.1
2,500,000-2,999,999	9	5	80.0	14	8	75.0
3,000,000+	9	9	0.0	11	16	-31.2
Totals	1556	1879	-17.2	5175	5368	-3.6

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	4	9	-55.6	40	54	-25.9
50,000-99,999	14	19	-26.3	113	174	-35.1
100,000-149,999	56	65	-13.8	297	435	-31.7
150,000-199,999	101	81	24.7	546	565	-3.4
200,000-249,999	101	86	17.4	607	512	18.6
250,000-349,999	175	122	43.4	889	797	11.5
350,000-449,999	62	58	6.9	477	427	11.7
450,000-549,999	25	27	-7.4	218	207	5.3
550,000-649,999	18	20	-10.0	123	113	8.8
650,000-749,999	11	7	57.1	75	55	36.4
750,000-999,999	14	11	27.3	90	88	2.3
1,000,000-1,499,999	5	2	150.0	36	31	16.1
1,500,000-1,999,999	3	4	-25.0	15	25	-40.0
2,000,000-2,499,999	0	0	0.0	2	6	-66.7
2,500,000-2,999,999	0	0	0.0	7	3	133.3
3,000,000+	0	0	0.0	4	5	-20.0
Totals	589	511	15.3	3539	3497	1.2

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June 21, 2016

The Local Lookout- SUBWAY

The Local Lookout

Subway

This month’s Local Lookout features a world class hike and slot canyon in Zion National Park. The Subway. This hike starts and ends on Kolob Terrace Road, along the west rim of Zion Canyon.

Kolob Terrace Road is worth the drive by itself as it features stunning views of the massive cliffs of Zion and Kolob. From the road, near Kolob Reservoir, the train begins at Wildcat Canyon Trailhead. It meanders along the rim for a while through pine forests and fields before descending sharply into the canyon where the walls quickly close in around you.

Once in the canyon, you wade through COLD water, sometimes swimming, depending on the time of year, for a couple of miles. During this segment of the hike, there are a couple of short rappel sections which fully commit you to finishing the hike.

At times, the canyon walls are narrower than the span of your arms and tower hundreds of feet into the air. In this constricted section, boulders and trees have fallen and become wedged between the walls which create barriers that you must swim under to pass.

After the final and longest rappel, you are treated with some of the most amazing scenery I have ever seen. A 200 yard section of rock wall on both sides of you forms a tube of rock which the Subway is named after. The tube is so perfectly shaped, it appears to be manmade.

Once past the subway, the hike continues down the river as the canyon gradually becomes wider and less imposing. There are several gently cascading waterfalls in this section which are very beautiful and VERY slippery!

Past the waterfalls, the hiking becomes difficult as the canyon widens and the hike down the river continues over and around boulders carried downriver by the powerful currents the monsoon can bring. It ends with a steep climb out of the canyon back on to Kolob Terrace Road at Right Fork Trailhead.

The Subway is a must do slot canyon if you are looking for a difficult quintessential Southern Utah adventure. Be advised that this is a permitted hike and you must obtain a permit from the National Parks Service to hike this route. Since this is a slot canyon, it is essential that no rain is forecasted for the day you hike.

Have a FUN trip and make sure to call or email me with any questions about this hike or any others in the area as I am ALWAYS happy to help! Thanks a have a great week!

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June 8, 2016

June Housing Market Report

Good morning and Happy Wednesday! It is the first part of the month and you know what that means. It’s time to do the numbers.

May was a good month for new listings hitting the market. We saw a 5.6% increase compared to last year which helps us keep enough homes on the market for buyers to consider. Although inventory levels continued to decrease because of the sharp rise in Pending homes, an increase in listings is great news and I hope that trend continues.

This increase in New Listings happened where it was needed the most.

$150,000-$200,000 list price saw a 34% increase

$200,000--$250,000 list price saw a 42.3% increase

The average sale price is still on a great pace for the year. Year to date, we have seen a 5.23% increase which is a moderate gain. To give you some perspective on this number, in May of 2006, the average sale price increased 32.52% from March of 2005.

Nationally, rumblings among industry leaders concerning the rise in interest rates have mostly stopped following a weak jobs report. Fed Chair Yellen will make the decision next week but most industry leaders believe the Fed will keep interest rates where they are for the time being.

Please see the full report below. If you would like more detailed information about the local market, your neighborhood, your home, or your prospective home, please don’t hesitate to call or email as I would love to help. Thanks and have a great week!

DAVID ALDERMAN

PAINTED HILLS REALTY

(435) 414-4615
david@aldermanrealty.com

StGeorgeResidences.com

Summary Statistics

May-16

May-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.37

6.04

-27.65

4.81

6.46

-25.54

Average List Price

$433,103

$377,400

14.76

$356,141

$335,999

5.99

Median List Price

$324,940

$284,900

14.05

$279,900

$259,900

7.70

Average Sale Price

$268,998

$259,321

3.73

$262,098

$248,742

5.37

Median Sale Price

$239,950

$230,750

3.99

$232,000

$219,450

5.72

Average CDOM

82

98

-16.33

89

101

-11.88

Median CDOM

37

46

-19.57

48

59

-18.64

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	8	5	60.0	30	31	-3.2
50,000-99,999	13	19	-31.6	88	82	7.3
100,000-149,999	47	54	-13.0	223	273	-18.3
150,000-199,999	79	82	-3.7	315	335	-6.0
200,000-249,999	79	76	3.9	329	278	18.3
250,000-349,999	112	103	8.7	440	389	13.1
350,000-449,999	42	49	-14.3	190	139	36.7
450,000-549,999	20	14	42.9	74	50	48.0
550,000-649,999	11	6	83.3	39	29	34.5
650,000-749,999	4	3	33.3	17	13	30.8
750,000-999,999	5	2	150.0	15	17	-11.8
1,000,000-1,499,999	1	2	-50.0	3	7	-57.1
1,500,000-1,999,999	0	1	-100.0	0	2	-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	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	421	416	1.2	1765	1645	7.3

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	7	3	133.3	24	27	-11.1
50,000-99,999	17	21	-19.0	94	92	2.2
100,000-149,999	49	54	-9.3	231	291	-20.6
150,000-199,999	106	85	24.7	409	403	1.5
200,000-249,999	89	58	53.4	412	331	24.5
250,000-349,999	127	91	39.6	547	437	25.2
350,000-449,999	63	52	21.2	225	194	16.0
450,000-549,999	16	19	-15.8	96	70	37.1
550,000-649,999	13	7	85.7	49	34	44.1
650,000-749,999	5	6	-16.7	24	21	14.3
750,000-999,999	6	4	50.0	28	18	55.6
1,000,000-1,499,999	4	0	N/A	7	5	40.0
1,500,000-1,999,999	0	1	-100.0	1	4	-75.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	0	0	0.0	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	502	401	25.2	2149	1928	11.5

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	23	37	-37.8	63	80	-21.2
50,000-99,999	52	109	-52.3	185	254	-27.2
100,000-149,999	74	181	-59.1	345	561	-38.5
150,000-199,999	155	250	-38.0	610	758	-19.5
200,000-249,999	178	240	-25.8	722	694	4.0
250,000-349,999	389	410	-5.1	1121	1092	2.7
350,000-449,999	261	271	-3.7	648	604	7.3
450,000-549,999	131	141	-7.1	311	289	7.6
550,000-649,999	83	78	6.4	183	164	11.6
650,000-749,999	51	50	2.0	105	94	11.7
750,000-999,999	72	88	-18.2	136	139	-2.2
1,000,000-1,499,999	36	30	20.0	57	61	-6.6
1,500,000-1,999,999	18	19	-5.3	37	34	8.8
2,000,000-2,499,999	4	5	-20.0	8	9	-11.1
2,500,000-2,999,999	11	5	120.0	14	8	75.0
3,000,000+	8	9	-11.1	10	16	-37.5
Totals	1546	1923	-19.6	4555	4857	-6.2

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	8	7	14.3	34	45	-24.4
50,000-99,999	17	31	-45.2	99	155	-36.1
100,000-149,999	42	74	-43.2	238	370	-35.7
150,000-199,999	102	75	36.0	439	484	-9.3
200,000-249,999	109	77	41.6	497	426	16.7
250,000-349,999	134	124	8.1	712	675	5.5
350,000-449,999	81	65	24.6	413	369	11.9
450,000-549,999	42	38	10.5	195	180	8.3
550,000-649,999	14	18	-22.2	106	93	14.0
650,000-749,999	14	8	75.0	61	48	27.1
750,000-999,999	9	18	-50.0	74	77	-3.9
1,000,000-1,499,999	4	5	-20.0	32	29	10.3
1,500,000-1,999,999	4	6	-33.3	12	21	-42.9
2,000,000-2,499,999	0	2	-100.0	2	6	-66.7
2,500,000-2,999,999	1	1	0.0	7	3	133.3
3,000,000+	0	1	-100.0	3	5	-40.0
Totals	581	550	5.6	2924	2986	-2.1

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May 16, 2016

The Local Lookout- Warner Valley

The Local Lookout

Warner Valley

This month’s Local Lookout features the VAST expanse of desert to the south and east of the cities of St George and Washington. Mainly BLM land, the Warner Valley is a great way to get out in the middle of the desert and enjoy the open wide spaces without having to spend all day getting there.

Stretching from the southern border of the city, the Warner Valley extends into Arizona with a substantial network of roads. The main road is suitable for low clearance vehicles during dry conditions and the smaller roads and single-track trails endlessly jutting from the main roads are a large draw for UTV’s, ATV’s, 4x4’s, and dirt bikes.

If you don’t have an off road vehicle, don’t worry. The Warner Valley Dinosaur Track Site is accessible from the main road and a great opportunity to see some ancient Dinosaur footprints. Also accessible from the main road is the Ft Pearce Historic Site which is a site from the mid 1800’s that the Mormons constructed to repel Ute and Navajo raiders.

If you do have a dirt bike, ATV, or UTV, this is the place for you. Endless roads and trails stretch into Arizona, traverse the base of Sand Mountain, and climb Sand Mountain to access the sand dunes. Much of Sand Mountain is an Open OHV Area where you don’t need to stay on a ‘road’ making it an off roaders dream!

Go to Warner Valley for a nice drive, a taste of history, an exciting off road experience, to stargaze, to camp, and to enjoy yet another area fully open to the public that St George has to offer. As always, do not hesitate to call or email me with questions about this area or any others in the county! Have a great week.

David Alderman

Painted Hills Realty

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May 6, 2016

April Housing Market Report

Good morning and happy Friday to you. It is the first week of the month and you know what that means. It’s time to do the numbers. April was another great month for the local market in which we are continuing to see home sales outpace new homes coming on the market. With April being one of the most popular months to visit St George, we should also see another uptick in sales for May and even into June which should outpace 2015 numbers. Here are some of the highlights this month:

Homes SOLD $200,000- $250,000 increased 21.3% Year to Date

Average sales price increased 5.94% Year to Date

Sold listings increased 8.4% Year to Date

See the full report below and as always, if you have questions about a specific neighborhood or home, please don’t hesitate to call or email. Have a fantastic weekend!

Best,

David Alderman

Painted Hills Realty

Summary Statistics

Apr-16

Apr-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.53

6.27

-27.75

4.91

6.57

-25.27

Average List Price

$425,410

$377,260

12.76

$362,545

$335,955

7.91

Median List Price

$319,900

$284,900

12.29

$284,900

$259,900

9.62

Average Sale Price

$283,952

$243,931

16.41

$259,728

$245,161

5.94

Median Sale Price

$249,950

$213,000

17.35

$229,000

$215,000

6.51

Average CDOM

91

101

-9.90

91

101

-9.90

Median CDOM

44

42

4.76

51

61

-16.39

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	2	8	-75.0	22	26	-15.4
50,000-99,999	13	17	-23.5	75	63	19.0
100,000-149,999	32	64	-50.0	176	219	-19.6
150,000-199,999	67	85	-21.2	234	253	-7.5
200,000-249,999	72	56	28.6	245	202	21.3
250,000-349,999	98	86	14.0	326	286	14.0
350,000-449,999	50	23	117.4	145	90	61.1
450,000-549,999	15	12	25.0	54	36	50.0
550,000-649,999	12	9	33.3	28	23	21.7
650,000-749,999	6	3	100.0	13	10	30.0
750,000-999,999	3	2	50.0	10	15	-33.3
1,000,000-1,499,999	2	1	100.0	2	5	-60.0
1,500,000-1,999,999	0	1	-100.0	0	1	-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	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	372	367	1.4	1332	1229	8.4

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	6	-50.0	17	24	-29.2
50,000-99,999	8	17	-52.9	78	71	9.9
100,000-149,999	49	46	6.5	182	237	-23.2
150,000-199,999	95	92	3.3	313	318	-1.6
200,000-249,999	93	88	5.7	327	273	19.8
250,000-349,999	103	100	3.0	417	346	20.5
350,000-449,999	38	50	-24.0	161	142	13.4
450,000-549,999	25	15	66.7	83	51	62.7
550,000-649,999	11	9	22.2	36	27	33.3
650,000-749,999	2	2	0.0	19	15	26.7
750,000-999,999	12	5	140.0	24	14	71.4
1,000,000-1,499,999	2	0	N/A	4	5	-20.0
1,500,000-1,999,999	0	0	0.0	1	3	-66.7
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	0	0	0.0	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	441	430	2.6	1664	1527	9.0

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	27	36	-25.0	55	73	-24.7
50,000-99,999	51	104	-51.0	165	223	-26.0
100,000-149,999	89	170	-47.6	301	487	-38.2
150,000-199,999	155	267	-41.9	507	683	-25.8
200,000-249,999	191	250	-23.6	608	617	-1.5
250,000-349,999	405	430	-5.8	983	968	1.5
350,000-449,999	268	291	-7.9	563	539	4.5
450,000-549,999	130	137	-5.1	276	251	10.0
550,000-649,999	83	83	0.0	164	146	12.3
650,000-749,999	49	44	11.4	93	86	8.1
750,000-999,999	77	82	-6.1	125	121	3.3
1,000,000-1,499,999	33	34	-2.9	56	56	0.0
1,500,000-1,999,999	19	15	26.7	33	28	17.9
2,000,000-2,499,999	4	4	0.0	8	7	14.3
2,500,000-2,999,999	9	5	80.0	11	7	57.1
3,000,000+	9	11	-18.2	11	15	-26.7
Totals	1599	1963	-18.5	3959	4307	-8.1

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	4	13	-69.2	26	38	-31.6
50,000-99,999	13	30	-56.7	79	124	-36.3
100,000-149,999	58	65	-10.8	194	296	-34.5
150,000-199,999	88	103	-14.6	336	409	-17.8
200,000-249,999	83	92	-9.8	382	349	9.5
250,000-349,999	141	134	5.2	576	551	4.5
350,000-449,999	80	87	-8.0	330	304	8.6
450,000-549,999	35	40	-12.5	156	142	9.9
550,000-649,999	23	17	35.3	90	75	20.0
650,000-749,999	10	13	-23.1	47	40	17.5
750,000-999,999	11	13	-15.4	63	59	6.8
1,000,000-1,499,999	9	3	200.0	29	24	20.8
1,500,000-1,999,999	2	3	-33.3	8	15	-46.7
2,000,000-2,499,999	1	0	N/A	2	4	-50.0
2,500,000-2,999,999	2	1	100.0	4	2	100.0
3,000,000+	0	1	-100.0	4	4	0.0
Totals	560	615	-8.9	2326	2436	-4.5

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April 25, 2016

Local Lookout April Edition

The Local Lookout

~Church Rocks Trail~

This month’s Local Lookout features a fantastic trail that I use almost every day. Church Rocks. Located on the north side of Washington City in the Red Cliffs Desert Reserve, Church Rocks Trail is a place that hikers, bikers, runners and equestrians frequent.

Known for its crimson red slickrock, its views in all directions, and for not being too long, Church Rocks is a must do for everyone who enjoys the quintessential St George red rocks.

Trail from the park leading to the other side of the I-15. LOVE those flowers!

My favorite place to access this trail is from Highland Park, in Washington City, which leads you under the freeway in a drainage culvert. Some of you who are afraid of the dark may want to bring a flashlight! From the other side of the freeway, the trail leads you directly up onto the slickrock and makes a loop of about 2.5 miles. From the top of the slickrock section, you will be able to enjoy beautiful red rock outcroppings, a view of Zion and Pine Valley Mountain, and a view of the southern mountains.

Church Rocks can be done in a couple of hours or be a part of a multi-day trip as it interconnects with many other trails within the Red Cliffs Desert Reserve. Guess which weekend will be PERFECT to give it a try? This one! The weather is supposed to be fantastic so whatever you do, make sure to get out and enjoy one of the many outdoor activities St George has to offer. See this link for detailed directions and as always, please don’t hesitate to call or email me for more info. Have a great weekend!

David Alderman

Painted Hills Realty

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April 8, 2016

March Housing Market Report

Good morning and Happy Friday to you!

It is the first part of the month and you know what that means. It’s time to do the numbers. At the risk of sounding repetitive, March was another notable month in which we saw an increase in sold listings and a decrease in new listings coming on the market. An inventory crunch.

The lack of inventory is especially evident in the $200,000 or less price point which year to date, is quite low in regards to new listings on the market.

New Listings $150,000-$199,999 down 19% year to date

New Listings $100,000-$149,999 down 42% year to date

New Listings of any price down 3% year to date

Sold Listings of any price up 9.5% year to date

Our local market is experiencing similar conditions as other markets across the nation which has made national headlines as of late. Affordable housing for first time home buyers and those looking in a lower price point is becoming increasingly rare. Many developers in the area have noticed and are working to create new housing projects with lower price points in mind.

One of the things currently keeping these buyers in the market is cheap credit which is still close to historically low levels. If you are considering listing your home, now is a great time to do so as the demand is certainly there.

See the full report below. If you have any questions about the information above or questions about a specific neighborhood or area, please don’t hesitate to call or email as I am happy to help. Have a FANTASTIC weekend!

Best, Dave

· Market Summary for March 2016

Summary Statistics

Mar-16

Mar-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.88

6.65

-26.62

5.02

6.67

-24.74

Average List Price

$427,627

$371,951

14.97

$368,351

$340,713

8.11

Median List Price

$319,000

$279,900

13.97

$285,500

$259,900

9.85

Average Sale Price

$263,015

$248,722

5.75

$249,376

$245,684

1.50

Median Sale Price

$225,000

$220,000

2.27

$219,000

$215,000

1.86

Average CDOM

87

99

-12.12

91

102

-10.78

Median CDOM

38

50

-24.00

52

65

-20.00

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	6	9	-33.3	20	18	11.1
50,000-99,999	25	21	19.0	62	46	34.8
100,000-149,999	63	65	-3.1	143	155	-7.7
150,000-199,999	65	68	-4.4	165	168	-1.8
200,000-249,999	75	49	53.1	172	146	17.8
250,000-349,999	104	96	8.3	220	200	10.0
350,000-449,999	44	31	41.9	92	67	37.3
450,000-549,999	14	10	40.0	39	24	62.5
550,000-649,999	10	6	66.7	15	14	7.1
650,000-749,999	4	4	0.0	7	7	0.0
750,000-999,999	3	6	-50.0	7	13	-46.2
1,000,000-1,499,999	0	1	-100.0	0	4	-100.0
1,500,000-1,999,999	0	0	0.0	0	0	0.0
2,000,000-2,499,999	1	0	N/A	1	0	N/A
2,500,000-2,999,999	1	0	N/A	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	415	366	13.4	944	862	9.5

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	8	-62.5	14	18	-22.2
50,000-99,999	26	20	30.0	73	54	35.2
100,000-149,999	43	79	-45.6	136	191	-28.8
150,000-199,999	92	81	13.6	223	226	-1.3
200,000-249,999	100	69	44.9	242	185	30.8
250,000-349,999	137	118	16.1	315	246	28.0
350,000-449,999	52	40	30.0	123	92	33.7
450,000-549,999	18	19	-5.3	59	36	63.9
550,000-649,999	11	9	22.2	25	18	38.9
650,000-749,999	5	6	-16.7	17	13	30.8
750,000-999,999	6	4	50.0	12	9	33.3
1,000,000-1,499,999	2	3	-33.3	2	5	-60.0
1,500,000-1,999,999	1	3	-66.7	1	3	-66.7
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	0	0	0.0	1	0	N/A
3,000,000+	0	0	0.0	0	0	0.0
Totals	496	459	8.1	1244	1097	13.4

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	22	32	-31.2	50	60	-16.7
50,000-99,999	69	110	-37.3	153	193	-20.7
100,000-149,999	80	197	-59.4	242	424	-42.9
150,000-199,999	171	269	-36.4	416	587	-29.1
200,000-249,999	214	280	-23.6	527	529	-0.4
250,000-349,999	428	461	-7.2	846	843	0.4
350,000-449,999	276	278	-0.7	484	453	6.8
450,000-549,999	133	137	-2.9	243	216	12.5
550,000-649,999	88	80	10.0	144	130	10.8
650,000-749,999	52	44	18.2	83	73	13.7
750,000-999,999	83	84	-1.2	116	109	6.4
1,000,000-1,499,999	38	36	5.6	46	55	-16.4
1,500,000-1,999,999	21	19	10.5	30	26	15.4
2,000,000-2,499,999	5	3	66.7	8	7	14.3
2,500,000-2,999,999	8	5	60.0	9	7	28.6
3,000,000+	10	10	0.0	11	14	-21.4
Totals	1698	2045	-17.0	3408	3726	-8.5

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	7	9	-22.2	22	25	-12.0
50,000-99,999	20	26	-23.1	66	94	-29.8
100,000-149,999	39	72	-45.8	134	231	-42.0
150,000-199,999	74	102	-27.5	245	306	-19.9
200,000-249,999	106	80	32.5	296	257	15.2
250,000-349,999	127	133	-4.5	435	417	4.3
350,000-449,999	80	62	29.0	249	217	14.7
450,000-549,999	38	30	26.7	119	102	16.7
550,000-649,999	14	19	-26.3	71	58	22.4
650,000-749,999	8	8	0.0	37	27	37.0
750,000-999,999	9	6	50.0	53	46	15.2
1,000,000-1,499,999	1	4	-75.0	19	21	-9.5
1,500,000-1,999,999	2	1	100.0	6	12	-50.0
2,000,000-2,499,999	0	1	-100.0	1	4	-75.0
2,500,000-2,999,999	1	0	N/A	2	1	100.0
3,000,000+	0	1	-100.0	4	3	33.3
Totals	526	554	-5.1	1759	1821	-3.4

DAVID ALDERMAN

PAINTED HILLS REALTY

(435) 414-4615
david@aldermanrealty.com

StGeorgeResidences.com

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