Great St George market and area info

March 22, 2016

The Local Lookout- March

The Local Lookout

-Red Hills Desert Garden-

This month’s Local Lookout features a new park built by the Washington County Water Conservancy District. Red Hills Desert Garden. Overlooking the downtown St George area, the south and west mountains, and all the way east to Zion, many are attracted to the park to watch sunsets, fireworks, and the city lights after dark. The park was built by the WCWCD to highlight the beautiful plants in the area that are drought tolerant and require much less water.

The park features a wide array of cacti, agave, sage, and other natural and foreign desert plants. It also has a water feature running through the park and a mini slot canyon that meanders through the different plant exhibits. If you are wondering when the best time to see the park is, it’s right now! That’s because the many of the plants are in bloom and if you go soon, you can see something that only happens once a year.

Spring in the desert is certainly something to behold and the only suggestion I have to make the park more enjoyable it to bring a Larsen’s Frozen Custard to the park with you. From I-15 and St George Blvd. take a right on 1100 E. and a left on Red Hills Parkway. The park is on your right about a mile up the road.

Enjoy the park and make sure to get outside to enjoy the BEAUTIFUL weather set for this week! If you have questions about this or any other area, call or email as I would be happy to help.

Best, David Alderman

Painted Hills Realty, St George Utah

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March 7, 2016

February Housing Market Report

Good afternoon and happy Monday to you! It is the first part of the month and you know what that means. It is time to do the numbers. Historically, February is a very active month for new listings hitting the market because sellers know that is when people come to town for the Parade of Homes, the warm weather, or any number of events taking place. February kicks off the busy season here in St George and this February was no different.

We saw 636 listings hit our MLS in February which was slightly higher than February of 2015 and MUCH higher than the previous 3 months. This surge in listings along with a surge in new construction has also bumped up inventory levels a bit. According to the Department of Workforce Services, residential permits for the county are up 10% year to date which will help account for the leveling off of our average sale price. Although the inventory levels are still low, (22% lower than last year at this time) we are moving closer to a balanced market which should further stabilize prices.

See the full report below and if you have any questions about this information or if you would like more information about a particular home or neighborhood, please call or email. Have a FANTASTIC week and I hope you get a chance to enjoy the warm weather!

Best, David Alderman

Painted Hills Realty

Summary Statistics

Feb-16

Feb-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

5.18

6.62

-21.75

4.99

6.44

-22.52

Average List Price

$417,372

$374,145

11.55

$379,616

$349,192

8.71

Median List Price

$314,950

$275,000

14.53

$291,680

$262,700

11.03

Average Sale Price

$232,247

$234,913

-1.13

$240,877

$243,442

-1.05

Median Sale Price

$215,000

0.00

$215,750

$214,650

0.51

Average CDOM

92

106

-13.21

95

104

-8.65

Median CDOM

51

71

-28.17

57

69

-17.39

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	3	4	-25.0	14	9	55.6
50,000-99,999	17	11	54.5	35	25	40.0
100,000-149,999	42	52	-19.2	74	90	-17.8
150,000-199,999	51	57	-10.5	97	100	-3.0
200,000-249,999	56	54	3.7	92	97	-5.2
250,000-349,999	58	58	0.0	111	104	6.7
350,000-449,999	18	15	20.0	46	36	27.8
450,000-549,999	16	5	220.0	27	14	92.9
550,000-649,999	1	7	-85.7	5	8	-37.5
650,000-749,999	1	2	-50.0	3	3	0.0
750,000-999,999	0	1	-100.0	4	7	-42.9
1,000,000-1,499,999	0	1	-100.0	0	3	-100.0
1,500,000-1,999,999	0	0	0.0	0	0	0.0
2,000,000-2,499,999	0	0	0.0	0	0	0.0
2,500,000-2,999,999	0	0	0.0	0	0	0.0
3,000,000+	0	0	0.0	0	0	0.0
Totals	263	267	-1.5	508	496	2.4

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	6	5	20.0	12	10	20.0
50,000-99,999	21	19	10.5	49	36	36.1
100,000-149,999	56	69	-18.8	93	113	-17.7
150,000-199,999	86	75	14.7	143	147	-2.7
200,000-249,999	89	55	61.8	146	118	23.7
250,000-349,999	103	76	35.5	180	130	38.5
350,000-449,999	44	27	63.0	71	53	34.0
450,000-549,999	19	7	171.4	38	17	123.5
550,000-649,999	8	4	100.0	14	9	55.6
650,000-749,999	10	4	150.0	13	7	85.7
750,000-999,999	3	3	0.0	7	6	16.7
1,000,000-1,499,999	0	2	-100.0	0	2	-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	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	446	346	28.9	768	649	18.3

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	25	31	-19.4	43	50	-14.0
50,000-99,999	66	103	-35.9	126	164	-23.2
100,000-149,999	107	205	-47.8	203	349	-41.8
150,000-199,999	170	274	-38.0	329	470	-30.0
200,000-249,999	239	274	-12.8	414	436	-5.0
250,000-349,999	462	470	-1.7	698	701	-0.4
350,000-449,999	283	263	7.6	406	386	5.2
450,000-549,999	134	128	4.7	199	183	8.7
550,000-649,999	88	75	17.3	125	107	16.8
650,000-749,999	54	51	5.9	70	62	12.9
750,000-999,999	87	81	7.4	105	100	5.0
1,000,000-1,499,999	39	40	-2.5	44	51	-13.7
1,500,000-1,999,999	21	18	16.7	26	23	13.0
2,000,000-2,499,999	4	3	33.3	7	6	16.7
2,500,000-2,999,999	8	5	60.0	9	7	28.6
3,000,000+	9	11	-18.2	11	13	-15.4
Totals	1796	2032	-11.6	2815	3108	-9.4

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	10	11	-9.1	15	16	-6.2
50,000-99,999	17	38	-55.3	41	68	-39.7
100,000-149,999	50	75	-33.3	95	159	-40.3
150,000-199,999	93	92	1.1	168	204	-17.6
200,000-249,999	109	86	26.7	193	177	9.0
250,000-349,999	148	139	6.5	302	284	6.3
350,000-449,999	93	86	8.1	170	155	9.7
450,000-549,999	30	34	-11.8	76	72	5.6
550,000-649,999	28	18	55.6	58	39	48.7
650,000-749,999	19	8	137.5	25	19	31.6
750,000-999,999	26	28	-7.1	46	40	15.0
1,000,000-1,499,999	8	8	0.0	18	17	5.9
1,500,000-1,999,999	2	4	-50.0	4	11	-63.6
2,000,000-2,499,999	1	0	N/A	1	3	-66.7
2,500,000-2,999,999	0	1	-100.0	1	1	0.0
3,000,000+	2	0	N/A	4	2	100.0
Totals	636	628	1.3	1217	1267	-3.9

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Feb. 19, 2016

The Local Lookout- Ferbuary

-The Local Lookout-

Brian Head Winter Edition

For this month’s Local Lookout, I would like to feature Brian Head, Utah. Although this town is only a 1.5 hour drive northeast of St George, it’s an entirely different world. At 10,000 feet, expect it to be about 30 degrees colder than St George and this time of year, expect several feet of snow on the ground.

Brian Head is popular in the winter months for skiing, snowmobiling, ice fishing, snow shoeing, and of course, sledding! Anyone looking to get a change of scenery for the weekend and wanting to enjoy a winter wonderland without having to drive all the way to Salt Lake City should be sure to give Brian Head a shot.

.

The ski resort has recently replaced the Giant Steps lift with a high speed quad making skiing all the more enjoyable. It also features a tubing hill for those who prefer tubes to skis. Snowmobile rentals are available through local shops if you feel like getting away from the 'crowds' and into the wilderness which surrounds town.

Snowshoeing and cross country skiing are also popular activities and can be done in many areas around Brian Head and Cedar Breaks National Monument.

The town of Brian Head is small but features a variety of lodging and dining options year round at much more attractive rates than its competitors in the Park City area. Reservations are not an issue most of the time but if you are up there on the weekend, it’s still a good idea.

So if for some silly reason you are tired of sunshine and dry weather, give Brian Head a shot because chances are high that snow will be in the forecast! One of the things that I love most about the area is that you can be in a blizzard in the morning and enjoy 60 degrees and sun that afternoon without much of a drive. Please don't hesitate to call or email me with any questions about this area or other areas around St George. Have a FANTASTIC weekend!

Best, David Alderman

Painted Hills Realty

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Feb. 8, 2016

January Housing Market Report

Good evening and happy Monday to you! It is the first part of the month and you know what that means. It’s time to do the numbers.

January showed a slowdown in sales typical of decreased buyer activity during the holiday season. Although the average list price increased by 10% from January of last year, the average sale price actually decreased marginally. This means that although asking prices are still increasing, demand for homes in more affordable ranges is still the highest ($250,000 and under) and inventory in that range is tight and becoming tighter resulting in fewer overall sales.

Don’t worry, I have some good news for buyers too. Homes sold to list ratio dropped from a high 96.5% in November to 94.5% in January meaning that on average, sellers are dropping their prices a little more in order to get their homes sold. Average days on market also increased from a low in September of 78 days to 97 days on market in January.

Please see the full report below and as always, if you have a more specific question in regards to how the local housing market is doing, please don’t hesitate to call or email. Have a GREAT week!

Best, David Alderman

Painted Hills Realty

·

· Market Summary for January 2016

Summary Statistics

Jan-16

Jan-15

% Chg

2016 YTD

2015 YTD

% Chg

Absorption Rate

4.74

6.25

-24.16

4.74

6.25

-24.16

Average List Price

$403,656

$364,092

10.87

$389,588

$356,236

9.36

Median List Price

$299,900

$269,900

11.12

$298,500

$264,250

12.96

Average Sale Price

$248,610

$253,387

-1.89

$248,482

$253,387

-1.94

Median Sale Price

$214,450

$212,990

0.69

$215,000

$212,990

0.94

Average CDOM

96

101

-4.95

95

101

-5.94

Median CDOM

46

53

-13.21

52

58

-10.34

Sold Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	11	5	120.0	11	5	120.0
50,000-99,999	18	14	28.6	18	14	28.6
100,000-149,999	32	38	-15.8	32	38	-15.8
150,000-199,999	45	43	4.7	45	43	4.7
200,000-249,999	31	43	-27.9	31	43	-27.9
250,000-349,999	50	46	8.7	50	46	8.7
350,000-449,999	27	21	28.6	27	21	28.6
450,000-549,999	10	9	11.1	10	9	11.1
550,000-649,999	4	1	300.0	4	1	300.0
650,000-749,999	2	1	100.0	2	1	100.0
750,000-999,999	4	6	-33.3	4	6	-33.3
1,000,000-1,499,999	0	2	-100.0	0	2	-100.0
1,500,000-1,999,999	0	0	0.0	0	0	0.0
2,000,000-2,499,999	0	0	0.0	0	0	0.0
2,500,000-2,999,999	0	0	0.0	0	0	0.0
3,000,000+	0	0	0.0	0	0	0.0
Totals	234	229	2.2	234	229	2.2

Pending Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	6	5	20.0	6	5	20.0
50,000-99,999	28	17	64.7	28	17	64.7
100,000-149,999	46	44	4.5	46	44	4.5
150,000-199,999	55	72	-23.6	55	72	-23.6
200,000-249,999	58	63	-7.9	58	63	-7.9
250,000-349,999	80	54	48.1	80	54	48.1
350,000-449,999	27	26	3.8	27	26	3.8
450,000-549,999	18	10	80.0	18	10	80.0
550,000-649,999	7	5	40.0	7	5	40.0
650,000-749,999	3	3	0.0	3	3	0.0
750,000-999,999	4	3	33.3	4	3	33.3
1,000,000-1,499,999	0	0	0.0	0	0	0.0
1,500,000-1,999,999	0	0	0.0	0	0	0.0
2,000,000-2,499,999	0	1	-100.0	0	1	-100.0
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	333	303	9.9	333	303	9.9

Active Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	25	33	-24.2	32	39	-17.9
50,000-99,999	81	98	-17.3	108	126	-14.3
100,000-149,999	107	204	-47.5	149	274	-45.6
150,000-199,999	164	271	-39.5	233	378	-38.4
200,000-249,999	213	254	-16.1	301	349	-13.8
250,000-349,999	424	440	-3.6	537	561	-4.3
350,000-449,999	252	238	5.9	309	299	3.3
450,000-549,999	128	117	9.4	169	149	13.4
550,000-649,999	66	73	-9.6	93	90	3.3
650,000-749,999	44	45	-2.2	50	54	-7.4
750,000-999,999	65	62	4.8	78	72	8.3
1,000,000-1,499,999	30	36	-16.7	35	42	-16.7
1,500,000-1,999,999	21	15	40.0	23	19	21.1
2,000,000-2,499,999	6	1	500.0	6	6	0.0
2,500,000-2,999,999	6	5	20.0	8	6	33.3
3,000,000+	9	11	-18.2	10	13	-23.1
Totals	1641	1903	-13.8	2141	2477	-13.6

New Listings
	This Month			Year to Date
	2016	2015	% Chg	2016	2015	% Chg
0-49,999	5	5	0.0	5	5	0.0
50,000-99,999	24	30	-20.0	24	30	-20.0
100,000-149,999	43	84	-48.8	43	84	-48.8
150,000-199,999	72	112	-35.7	72	112	-35.7
200,000-249,999	83	91	-8.8	83	91	-8.8
250,000-349,999	149	145	2.8	149	145	2.8
350,000-449,999	75	69	8.7	75	69	8.7
450,000-549,999	45	38	18.4	45	38	18.4
550,000-649,999	29	21	38.1	29	21	38.1
650,000-749,999	5	11	-54.5	5	11	-54.5
750,000-999,999	19	12	58.3	19	12	58.3
1,000,000-1,499,999	9	9	0.0	9	9	0.0
1,500,000-1,999,999	2	7	-71.4	2	7	-71.4
2,000,000-2,499,999	0	3	-100.0	0	3	-100.0
2,500,000-2,999,999	1	0	N/A	1	0	N/A
3,000,000+	2	2	0.0	2	2	0.0
Totals	563	639	-11.9	563	639	-11.9

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Jan. 25, 2016

The Local Lookout- January

The Local Lookout

-Zen Trail-

For January’s Local Lookout, I am very excited to talk about my all-time favorite trail in the city. Zen Trail. Located on the west side of the city, ½ mile to the west of Green Valley Spa, Zen trail is about 6 miles long and gains roughly 1000 feet in elevation.

From the bottom of the valley, it is a long, gradual climb to the top of the anticline. Very unique and massive rock structures surround the trail near the top which look completely different than the typical St George red rock. If you like red rock, do not be deterred. From the top of the hill, you can see vast distances in every direction to include Zion, Kolob, Snow Canyon, and the city of St George. Some of the best views in the area can be enjoyed from the top.

This is a challenging ride or hike but can easily be cut short with an out and back versus doing the entire loop. For more information about the trail or other fun things to do in the area, please don’t hesitate to call or email me. Have a fantastic weekend and make sure to get out and enjoy the St George sun as the temperatures start to warm up!

Best, David Alderman

Painted Hills Realty

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Jan. 8, 2016

2015 Housing Market Report

Good afternoon and Happy Friday. I hope that you had a fantastic New Year and my best to you and yours in 2016!!! It is the first part of the month and you know what that means. It’s time to do the numbers.

Although all of the numbers for 2015 are not in from various data agencies, 2015 was a great year for the housing market both locally and nationally. Here is a rundown of some important numbers for Washington County:

Absorption Rate (inventory in months) 16.52% DECREASE from 2014

Average Sale Price 3.56% INCREASE from 2014

Sold Listings 15.4% INCREASE from 2014

New Listings 4.7% DECREASE from 2014

A rise in sales and a reduction in new listings sharply diminished the amount of inventory on the market and helped to push prices up. Although prices increased, they did so at a stable rate.

Looking at 2016, the variables that will affect supply and demand will be rising interest rates, new housing developments, and increased prices among others. See the full report below and please let me know if you have questions about the these numbers or a specific area within the market.

Best, David Alderman

Painted Hills Realty

Summary Statistics

Dec-15

Dec-14

% Chg

2015 YTD

2014 YTD

% Chg

Absorption Rate

4.85

6.49

-25.27

5.61

6.72

-16.52

Average List Price

$401,181

$360,475

11.29

$327,297

$315,261

3.82

Median List Price

$299,900

$269,000

11.49

$257,500

$249,000

3.41

Average Sale Price

$248,833

$262,838

-5.33

$252,604

$243,931

3.56

Median Sale Price

$219,000

$233,476

-6.20

$220,000

$209,900

4.81

Average CDOM

79

88

-10.23

N/A

Median CDOM

39

46

-15.22

49

55

-10.91

Sold Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	11	4	175.0	73	62	17.7
50,000-99,999	14	17	-17.6	207	242	-14.5
100,000-149,999	44	49	-10.2	625	594	5.2
150,000-199,999	69	54	27.8	822	760	8.2
200,000-249,999	57	46	23.9	720	580	24.1
250,000-349,999	70	61	14.8	946	747	26.6
350,000-449,999	36	34	5.9	392	317	23.7
450,000-549,999	10	19	-47.4	152	119	27.7
550,000-649,999	8	4	100.0	78	68	14.7
650,000-749,999	2	2	0.0	36	29	24.1
750,000-999,999	3	5	-40.0	41	27	51.9
1,000,000-1,499,999	0	1	-100.0	11	8	37.5
1,500,000-1,999,999	0	0	0.0	3	2	50.0
2,000,000-2,499,999	0	0	0.0	0	2	-100.0
2,500,000-2,999,999	0	0	0.0	1	1	0.0
3,000,000+	0	0	0.0	0	1	-100.0
Totals	324	296	9.5	4107	3559	15.4

Pending Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	6	3	100.0	67	64	4.7
50,000-99,999	14	11	27.3	226	239	-5.4
100,000-149,999	43	44	-2.3	637	625	1.9
150,000-199,999	45	44	2.3	889	773	15.0
200,000-249,999	42	42	0.0	737	616	19.6
250,000-349,999	50	43	16.3	963	818	17.7
350,000-449,999	25	23	8.7	437	352	24.1
450,000-549,999	16	6	166.7	172	134	28.4
550,000-649,999	2	2	0.0	81	61	32.8
650,000-749,999	1	0	N/A	37	32	15.6
750,000-999,999	3	3	0.0	46	47	-2.1
1,000,000-1,499,999	0	2	-100.0	11	15	-26.7
1,500,000-1,999,999	1	2	-50.0	6	6	0.0
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	2	0.0
3,000,000+	0	1	-100.0	0	3	-100.0
Totals	248	226	9.7	4312	3788	13.8

Active Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	32	35	-8.6	124	133	-6.8
50,000-99,999	90	98	-8.2	420	499	-15.8
100,000-149,999	114	203	-43.8	920	1077	-14.6
150,000-199,999	160	293	-45.4	1295	1382	-6.3
200,000-249,999	226	276	-18.1	1264	1283	-1.5
250,000-349,999	411	434	-5.3	1924	1909	0.8
350,000-449,999	248	263	-5.7	1020	984	3.7
450,000-549,999	132	112	17.9	492	422	16.6
550,000-649,999	73	69	5.8	271	251	8.0
650,000-749,999	48	44	9.1	154	147	4.8
750,000-999,999	63	65	-3.1	211	196	7.7
1,000,000-1,499,999	23	35	-34.3	88	118	-25.4
1,500,000-1,999,999	23	13	76.9	49	43	14.0
2,000,000-2,499,999	7	3	133.3	16	9	77.8
2,500,000-2,999,999	6	6	0.0	15	12	25.0
3,000,000+	9	10	-10.0	21	21	0.0
Totals	1665	1959	-15.0	8284	8486	-2.4

New Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	4	5	-20.0	88	106	-17.0
50,000-99,999	15	24	-37.5	324	382	-15.2
100,000-149,999	29	44	-34.1	732	888	-17.6
150,000-199,999	62	52	19.2	1030	1122	-8.2
200,000-249,999	61	49	24.5	1004	1037	-3.2
250,000-349,999	83	81	2.5	1507	1523	-1.1
350,000-449,999	40	37	8.1	787	781	0.8
450,000-549,999	21	20	5.0	381	329	15.8
550,000-649,999	8	10	-20.0	204	194	5.2
650,000-749,999	8	8	0.0	111	114	-2.6
750,000-999,999	8	9	-11.1	149	150	-0.7
1,000,000-1,499,999	4	7	-42.9	56	83	-32.5
1,500,000-1,999,999	1	3	-66.7	38	28	35.7
2,000,000-2,499,999	0	0	0.0	13	5	160.0
2,500,000-2,999,999	0	0	0.0	10	6	66.7
3,000,000+	0	2	-100.0	10	16	-37.5
Totals	344	351	-2.0	6444	6764	-4.7

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Dec. 21, 2015

The Local Lookout- December

-The Local Lookout-

Zion Canyon Offseason

This month’s Local Lookout features a place that is visited by tourists from all over the world. Zion Canyon is one of the most popular National Parks in the country but in the winter months, it is practically deserted which makes it one of the best times to enjoy it.

My wife Katy and I decided to have a staycation for her birthday and take advantage of the park which just received a fresh coat of snow this past week. Snow rarely makes its way to the canyon floor and when it does, it adds its own special touch to an already special place by intensifying the red, white, and tan colors of the rocks.

We enjoyed several of the many hikes that you can access from the bottom of the canyon which we normally avoid because of the sheer numbers of people trying to appreciate the parks beauty. Although we had to wear a jacket, the hikes were still very comfortable and much more enjoyable void of the crowds.

Our room at the Desert Pearl was booked at a discounted rate because of the decreased demand and was within earshot of the Virgin River. We had views of Zion Canyon beyond the river from the over-sized balcony and we were literally the only guests in the entire building.

Anyone looking to experience the Canyon in a different way should definitely take advantage of the decreased visitation during December, January, and February. At those times, you are able to drive your car through the entire canyon which is usually only accessible by shuttle and you will get a better idea of what the Canyon was like before it became such a destination.

Please call me or email me for more information as I LOVE to share my affinity for Southern Utah with anyone who wants to know more about it. Have a very happy holiday season, Merry Christmas, and Happy New Year to you and yours!

Best, David Alderman

Painted Hills Realty

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Dec. 8, 2015

November Market Report

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

November was another strong month in the local residential market which will help finish out a fantastic year overall. New listings on the market compared to November 2014 were almost the same which helped to stabilize our inventory a bit. Although the absorption rate still fell, it did so less sharply.

Some big national news also made headlines. Following a very strong jobs report, the FED has finally decided that a modest rate increase is something that the market can bare and many expect this rate change to be announced before the end of the month. This increase will affect the buying power of buyers obtaining loans and I anticipate demand to increase for homes in lower price points because of this rate hike.

If you do not live in the St George area, perhaps you have not seen one of the many housing projects or commercial projects happening locally. The most notable are the large grocery complexes being built in Santa Clara and Washington and the housing projects in Washington and St George. Developers and businesses alike are noticing the improved market conditions and committing to large capital investments in the area which is a GREAT thing for the city and its residents.

If you have any questions about a specific area or neighborhood, please call or email me anytime. Also, see the full numbers report below. Thanks and have a great week! Dave :)

Best, David Alderman

Painted Hills Realty

Summary Statistics

Nov-15

Nov-14

% Chg

2015 YTD

2014 YTD

% Chg

Absorption Rate

4.91

6.81

-27.90

5.68

6.76

-15.98

Average List Price

$406,613

$361,010

12.63

$328,381

$314,332

4.47

Median List Price

$299,900

$267,700

12.03

$258,000

$248,810

3.69

Average Sale Price

$271,398

$259,359

4.64

$252,684

$242,216

4.32

Median Sale Price

$227,900

$218,500

4.30

$220,000

$208,000

5.77

Average CDOM

85

96

-11.46

N/A

Median CDOM

37

49

-24.49

49

55

-10.91

Sold Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	4	7	-42.9	62	58	6.9
50,000-99,999	12	16	-25.0	193	225	-14.2
100,000-149,999	33	39	-15.4	581	545	6.6
150,000-199,999	50	55	-9.1	750	706	6.2
200,000-249,999	63	44	43.2	661	534	23.8
250,000-349,999	51	53	-3.8	872	686	27.1
350,000-449,999	29	29	0.0	355	283	25.4
450,000-549,999	12	11	9.1	140	100	40.0
550,000-649,999	7	11	-36.4	69	64	7.8
650,000-749,999	3	2	50.0	34	27	25.9
750,000-999,999	3	4	-25.0	38	22	72.7
1,000,000-1,499,999	1	1	0.0	11	7	57.1
1,500,000-1,999,999	0	0	0.0	3	2	50.0
2,000,000-2,499,999	0	0	0.0	0	2	-100.0
2,500,000-2,999,999	1	0	N/A	1	1	0.0
3,000,000+	0	0	0.0	0	1	-100.0
Totals	269	272	-1.1	3770	3263	15.5

Pending Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	6	8	-25.0	61	61	0.0
50,000-99,999	12	14	-14.3	211	228	-7.5
100,000-149,999	37	47	-21.3	602	581	3.6
150,000-199,999	61	51	19.6	842	729	15.5
200,000-249,999	53	39	35.9	700	574	22.0
250,000-349,999	75	64	17.2	919	775	18.6
350,000-449,999	40	34	17.6	414	329	25.8
450,000-549,999	18	19	-5.3	157	128	22.7
550,000-649,999	5	7	-28.6	80	59	35.6
650,000-749,999	4	2	100.0	37	32	15.6
750,000-999,999	5	9	-44.4	44	44	0.0
1,000,000-1,499,999	1	2	-50.0	11	13	-15.4
1,500,000-1,999,999	0	0	0.0	5	4	25.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	1	0	N/A	1	2	-50.0
3,000,000+	0	0	0.0	0	2	-100.0
Totals	318	296	7.4	4085	3562	14.7

Active Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	31	40	-22.5	118	128	-7.8
50,000-99,999	90	91	-1.1	405	475	-14.7
100,000-149,999	122	237	-48.5	895	1033	-13.4
150,000-199,999	157	294	-46.6	1225	1330	-7.9
200,000-249,999	222	291	-23.7	1201	1234	-2.7
250,000-349,999	400	442	-9.5	1833	1828	0.3
350,000-449,999	258	270	-4.4	985	947	4.0
450,000-549,999	138	123	12.2	469	402	16.7
550,000-649,999	75	78	-3.8	266	241	10.4
650,000-749,999	50	41	22.0	146	139	5.0
750,000-999,999	72	66	9.1	202	187	8.0
1,000,000-1,499,999	23	37	-37.8	85	111	-23.4
1,500,000-1,999,999	24	12	100.0	48	40	20.0
2,000,000-2,499,999	6	4	50.0	16	9	77.8
2,500,000-2,999,999	7	7	0.0	14	12	16.7
3,000,000+	9	11	-18.2	21	19	10.5
Totals	1684	2044	-17.6	7929	8135	-2.5

New Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	4	5	-20.0	82	101	-18.8
50,000-99,999	21	18	16.7	309	358	-13.7
100,000-149,999	32	51	-37.3	707	844	-16.2
150,000-199,999	52	67	-22.4	959	1070	-10.4
200,000-249,999	70	57	22.8	942	988	-4.7
250,000-349,999	87	81	7.4	1419	1442	-1.6
350,000-449,999	62	53	17.0	752	744	1.1
450,000-549,999	18	21	-14.3	358	309	15.9
550,000-649,999	13	11	18.2	199	184	8.2
650,000-749,999	6	4	50.0	103	106	-2.8
750,000-999,999	11	11	0.0	141	141	0.0
1,000,000-1,499,999	4	4	0.0	53	76	-30.3
1,500,000-1,999,999	2	1	100.0	37	25	48.0
2,000,000-2,499,999	2	1	100.0	13	5	160.0
2,500,000-2,999,999	0	0	0.0	9	6	50.0
3,000,000+	0	1	-100.0	10	14	-28.6
Totals	384	386	-0.5	6093	6413	-5.0

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Nov. 19, 2015

The Local Lookout- November

The Local Lookout

Snow Canyon State Park

This Local Lookout features a very place special to me - Snow Canyon State Park. One of the reasons Snow Canyon is so great is because it is where my wife Katy and I were married. The reason we picked this outdoor paradise is because of its sheer beauty, its close proximity to town, and because it is so much less crowded than Zion Canyon. Bordering the west side of Ivins and only a 15 minute drive from downtown St George, Snow Canyon epitomizes the beauty of the red desert we live in.

The canyon offers hiking, road biking, camping, bouldering, canyoneering, horseback riding, and even a couple small lava tube caves to explore! The main entrance is at the bottom of the canyon in Ivins and the road winds up the canyon gaining substantial elevation until it terminates at SR-18.

Even if you never get out of the car, the canyon is worth the drive and the $10 entrance fee. If you do get out of the car (which you should!) I recommend checking out the lava tubes or walking in the dune fields. My other recommendation is to head north on SR-18 from the top of the canyon and make the 10 minute drive to Veyo for lunch at the world famous Veyo Pies!

Regardless of the amount of time you have, Snow Canyon State Park is a fantastic experience. Going near sunrise or sunset will offer some of the best views and going on the weekdays will help you avoid the crowds. For more information call or email me or visit http://stateparks.utah.gov/parks/snow-canyon/

Have a WONDERFUL weekend and Happy Thanksgiving!

Dave :)

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Nov. 6, 2015

October Market Report

Good morning and HAPPY FRIDAY! It is the first week of the month and you know what that means. It is time to do the numbers. Another strong month to start Quarter 4 as our inventory level dipped even lower to 5.1 which is the lowest it has been all year. Surprisingly, SOLD listings dropped this month by 11% most of which was in the $350,000 and below market. This could mark the beginning of our seasonal slowdown for the holidays or may just be a hiccup for the month in an otherwise strong sales year.

Average sale price year to date compared to last year - Up 4.41

Absorption rate (Inventory Level) year to date compared to last year - Down 14.71%

Sold listings year to date compared to last year - Up 16.4%

What does this mean for you? Buyers may have slowed down a bit for the holidays but demand is still high and homes are selling quickly when they are priced correctly. If you would like information about a particular neighborhood or area in the county, please call or email me for more information and see the full report below. HAVE A GREAT WEEKEND!

Dave :)

Summary Statistics

Oct-15

Oct-14

% Chg

2015 YTD

2014 YTD

% Chg

Absorption Rate

5.1

7.32

-30.33

5.74

6.73

-14.71

Average List Price

$395,351

$356,309

10.96

$329,155

$315,151

4.44

Median List Price

$299,900

$265,000

13.17

$259,000

$248,270

4.32

Average Sale Price

$259,404

$235,842

9.99

$251,271

$240,657

4.41

Median Sale Price

$217,748

$213,503

1.99

$220,000

$207,428

6.06

Average CDOM

86

103

-16.50

N/A

Median CDOM

38

50

-24.00

50

56

-10.71

Sold Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	10	6	66.7	59	51	15.7
50,000-99,999	15	21	-28.6	180	209	-13.9
100,000-149,999	46	65	-29.2	545	506	7.7
150,000-199,999	59	75	-21.3	695	651	6.8
200,000-249,999	51	60	-15.0	595	490	21.4
250,000-349,999	71	85	-16.5	815	633	28.8
350,000-449,999	38	25	52.0	325	254	28.0
450,000-549,999	10	9	11.1	127	89	42.7
550,000-649,999	5	5	0.0	62	53	17.0
650,000-749,999	2	5	-60.0	31	25	24.0
750,000-999,999	8	1	700.0	35	18	94.4
1,000,000-1,499,999	1	1	0.0	10	6	66.7
1,500,000-1,999,999	0	0	0.0	3	2	50.0
2,000,000-2,499,999	0	0	0.0	0	2	-100.0
2,500,000-2,999,999	0	0	0.0	0	1	-100.0
3,000,000+	0	0	0.0	0	1	-100.0
Totals	316	358	-11.7	3482	2991	16.4

Pending Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	6	3	100.0	55	53	3.8
50,000-99,999	16	18	-11.1	199	214	-7.0
100,000-149,999	49	51	-3.9	568	535	6.2
150,000-199,999	80	59	35.6	779	678	14.9
200,000-249,999	75	60	25.0	648	535	21.1
250,000-349,999	75	76	-1.3	843	711	18.6
350,000-449,999	33	38	-13.2	372	295	26.1
450,000-549,999	7	17	-58.8	141	109	29.4
550,000-649,999	9	8	12.5	74	52	42.3
650,000-749,999	2	3	-33.3	34	30	13.3
750,000-999,999	0	5	-100.0	39	35	11.4
1,000,000-1,499,999	0	1	-100.0	10	11	-9.1
1,500,000-1,999,999	0	0	0.0	5	4	25.0
2,000,000-2,499,999	0	0	0.0	1	1	0.0
2,500,000-2,999,999	1	0	N/A	1	2	-50.0
3,000,000+	0	0	0.0	0	2	-100.0
Totals	353	339	4.1	3769	3267	15.4

Active Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	31	41	-24.4	113	123	-8.1
50,000-99,999	79	97	-18.6	378	457	-17.3
100,000-149,999	156	238	-34.5	864	982	-12.0
150,000-199,999	184	298	-38.3	1166	1263	-7.7
200,000-249,999	227	324	-29.9	1129	1177	-4.1
250,000-349,999	409	482	-15.1	1739	1747	-0.5
350,000-449,999	273	274	-0.4	925	894	3.5
450,000-549,999	141	121	16.5	452	381	18.6
550,000-649,999	75	83	-9.6	251	230	9.1
650,000-749,999	50	41	22.0	142	135	5.2
750,000-999,999	71	72	-1.4	189	176	7.4
1,000,000-1,499,999	26	36	-27.8	82	107	-23.4
1,500,000-1,999,999	21	16	31.3	44	39	12.8
2,000,000-2,499,999	4	3	33.3	13	8	62.5
2,500,000-2,999,999	8	7	14.3	16	12	33.3
3,000,000+	9	9	0.0	21	18	16.7
Totals	1764	2142	-17.6	7524	7749	-2.9

New Listings
	This Month			Year to Date
	2015	2014	% Chg	2015	2014	% Chg
0-49,999	5	12	-58.3	77	96	-19.8
50,000-99,999	26	22	18.2	281	338	-16.9
100,000-149,999	46	70	-34.3	672	792	-15.2
150,000-199,999	75	92	-18.5	894	1002	-10.8
200,000-249,999	93	102	-8.8	868	929	-6.6
250,000-349,999	120	156	-23.1	1317	1360	-3.2
350,000-449,999	59	66	-10.6	693	691	0.3
450,000-549,999	33	38	-13.2	338	287	17.8
550,000-649,999	16	20	-20.0	182	173	5.2
650,000-749,999	8	9	-11.1	98	102	-3.9
750,000-999,999	10	11	-9.1	127	129	-1.6
1,000,000-1,499,999	1	4	-75.0	48	70	-31.4
1,500,000-1,999,999	2	1	100.0	32	24	33.3
2,000,000-2,499,999	1	0	N/A	10	4	150.0
2,500,000-2,999,999	2	1	100.0	10	6	66.7
3,000,000+	1	2	-50.0	10	13	-23.1
Totals	498	606	-17.8	5657	6016	-6.0

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