St. George Condominium Market
Semi-Annual Report: July 1, 2007 - June 30, 2008
| Median Condo Price
(Sold) |
$165,000 |
| Average Condo Price
(Sold) |
$184,720 |
| Low Condo Price
(Sold) |
$53,000 |
| High Condo Price
(Sold) |
$343,000 |
| Number of Condos Sold |
42 |
| Average Days on Market Until Sold |
78 |
| Dominate Price Range |
$100,000 - $199,999 |
| Dominate Price Range % of Total |
61% |
________________________________________________________
|
Demand
|
Saint George,
UT condo
demand is low.
Condos in Saint George
average 78 days
listed on the market
until sold. It takes an
additional 21 days
to sell than the
state average of 65
days. Over the
past year, 42 condos
sold in Saint George
compared with 59 for
Washington County.
|
|
Supply
|
There is a good selection of
condos on the market
in St. George with a
current listing count of
78 and an average of 106
days on the market.
There are 31 townhouses
currently listed.
Current condo
listings range in
price from $89,900
to $1,068,300.
|
|
Price
|
The
average sold
residential price
in St. George has dropped $18,394 so far this
year compared with
the average price
sold for the
first half of
2007. Saint George
condos and
townhouses have a
median price $1,000
higher than the
state median
condo price of
$164,000.
|
|
Financing
|
Conventional
loans account for
over 60% of home
financing in
Saint George.
Cash purchases
represent 21% of the
transactions. FHA
loans are growing
and currently make
up 8%.
|
|
Conclusion
|
The
St. George Condo
market currently
favors Buyers.
|
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
________________________________________________________
Search for Saint George Condos
Barry J. Preusz,
REALTOR®, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale Utah, 84047
© 2007 - 2008 CondosUtah
.com
All Rights Reserved
|
