Tuesday, February 23, 2010
Statistics for St. George (Washington County) Real Estate
St. George Real Estate is alive and well. At the current date we have 2454 active listings in Washington County, that is residential and does not include multi-family unit. There are 370 pending contract at present and there have been 268 closed properties since the first of 2010. The average days on market for residential property is 141 days, so see folks, even with the market rebounding a little, we are still seeing a long wait for the banks to make decisions on these short sales and that is the big reason why the number is so high. Also there is a lot of competition and buyers are taking their time in deciding. But I want to warn buyers here because I have also seen this attitude backfire on many buyers; they think they have time and so a bank owned property comes along that is a great price and they want to think about it and it is GONE!! Don't wait if you find something because buyers are in St. George and they have cash and they are writing offers. Total volume of sales in Washington County since the first of the year is $54,422,243 - that's an average of just over $27,000,000 each month. That is a lot of real estate and keep in mind, this is only residential, single family, condo, townhomes, etc. Almost a million a day. Now if you want to get complete listings for the Washington County Utah area, you can create your own portal website here http://www.mlsfinder.com/ut_wcmls/leannwalters/index.cfm?action=userlogin - it's private, easy to use, and no obligation search!!
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