Status of The Southern Utah Real Estate Market for October

Well folks, October 2008 is in the books. I hope you are already for Thanksgiving and getting ready for the turkey. In the spirit of Thanksgiving, I would like to thank those who we were able to close this month. We know you have a lot of choices and we are always flattered you have chosen us.

Randy and Beth Wyatt (Sold Listing)
Bob and Brenda Crow (Sold Listing)
Toni Thompson (Purchase)

I would also like to thank Dustin and Traquel Dayley for referring the Wyatts, and Gerald and Cortney Brewer for referring the Crows. I was able to find Toni when I spoke to her mother Colleen Simkins about a listing I had in the neighborhood.

So this is what happened in the Greater St. George and Hurricane during the course of this last month. Once again, remember, this only includes homes and lots that have conveyed on the MLS, I have no way of being accurate on non-MLS sales.

Total Market Activity on Homes in October
Active Listings: 2,083 (Sept 1,733)
New Listings: 413 (Sept 385)
Sold Listings: 133 (Sept 144)
Months of Inventory: 15.66 (Sept 12.03)

Homes priced up to $150,000
Active Listings: 178 (Sept 156)
New Listings: 43 (Sept 34)
Sold Listings: 20 (Sept 24)
Months of Inventory: 8.90 (Sept 6.50)

Homes priced from $150,001 to $200,000
Active Listings: 305 (Sept 254)
New Listings: 61 (Sept 65)
Sold Listings: 35 (Sept 28)
Months of Inventory: 8.71 (Sept 907)

Homes priced from $200,001 to $250,000
Active Listings: 349 (Sept 279)
New Listings: 67 (Sept 82)
Sold Listings: 29 (Sept 30)
Months of Inventory: 12.03 (Sept 9.30)

Homes priced from $250,001 to $300,000
Active Listings: 289 (Sept 248)
New Listings: 60 (Sept 48)
Sold Listings: 22 (Sept 18)
Months of Inventory: 13.14 (Sept 13.78)

Homes priced from $300,001 to $350,000
Active Listings: 195 (Sept 162)
New Listings: 40 (Sept 33)
Sold Listings: 14 (Sept 13)
Months of Inventory: 13.93 (12.46)


Homes priced from $350,001 to $400,000
Active Listings: 145 (Sept 125)
New Listings: 25 (Sept 28)
Sold Listings: 6 (Sept 13)
Months of Inventory: 24.17 (Aug 9.62)

Homes priced from $400,001 to $450,000
Active Listings: 99 (Sept 83)
New Listings: 22 (Sept 18)
Sold Listings: 3 (Sept 6)
Months of Inventory: 33.00 (Sept 13.83)

Homes priced from $450,001 to $500,000
Active Listings: 99 (Sept 80)
New Listings: 17 (Sept 16)
Sold Listings: 1 (Sept 1)
Months of Inventory: 99.00 (Sept 80.00)

Homes priced from $500,001 to $550,000
Active Listings: 65 (Sept 52)
New Listings: 7 (Sept 10)
Sold Listings: 0 (Sept 1)
Months of Inventory: No Sales in October (Sept 52.00)

Homes priced from $550,001 to $600,000
Active Listings: 54 (Sept 42)
New Listings: 14 (Sept 12)
Sold Listings: 1 (Sept 2)
Months of Inventory: 54.80 (Sept 21.00)

Homes priced from $600,001 to $650,000
Active Listings: 31 (Sept 28)
New Listings: 4 (Sept 5)
Sold Listings: 1(Sept 2)
Months of Inventory: 31.00 (Sept 14.00)

Homes priced from $650,001 to $700,000
Active Listings: 51 (Sept 43)
New Listings: 12 (Sept 6)Sold Listings: 0 (Sept 0)
Months of Inventory: No Sales in October or Sept


Homes priced from $700,001 to $750,000
Active Listings: 16 (Sept 11)
New Listings: 4 (Sept 3)
Sold Listings: 0 (Sept 1)
Months of Inventory: No Sales in October (Sept 11.00)

Homes priced from $750,001 to $1,000,000
Active Listings: 96 (Sept 76)
New Listings: 18 (Sept 13)
Sold Listings: 0 (Sept 4)
Months of Inventory: No Sales in October (Sept 19.00)

Homes priced from $1,000,001 and Up
Active Listings: 110 (Sept 91)
New Listings: 19 (Sept 14)
Sold Listings: 0 (Sept 0)
Months of Inventory: (No Sales in October or September)

The following information is for building lots in the same general area as the housing data listed above. All Building Lots in the Greater St. George and Hurricane Valley

Active Listings: 1393 (Sept 1227)
New Listings: 143 (Sept 145)
Sold Listings: 14 (Sept 21)
Months of Inventory: 99.50 (Sept 58.43)

Here are the data ranges:

Building lots up to $100,000
Active Listings: 537 (Sept 463)
New Listings: 82 (Sept 57)
Sold Listings: 9 (Sept 13)
Months of Inventory: 59.67 (Sept 35.62)

Building lots from $100,001 to $150,000
Active Listings: 382 (Sept 334)
New Listings: 31 (Sept 37)
Sold Listings: 0 (Sept 1)
Months of Inventory: No Sales in October (Sept 334.00)


Building lots from $150,001 to $200,000
Active Listings: 199 (Aug 198)
New Listings: 11 (Aug 7)
Sold Listings: 2 (Aug 2)
Months of Inventory: 99.50 (Aug 99.00)

Building lots from $200,001 and up
Active Listings: 289 (Sept 262)
New Listings: 16 (Sept 39)
Sold Listings: 3 (Sept 4)
Months of Inventory: 96.00 (Sept 65.00)

Foreclosures and Short Sells

The foreclosure market is really ramping up. I am in the process of revamping my foreclosure website so that it will give everyone full access to any foreclosed listing on the MLS. No bull, just listings you can actually buy. The site is www.southernutahforeclosure.com. Check it out. It should be up in the next few days. I am excited about it, and I think it will help.

Short sells. Starting to see fewer of them, a lot of them, of course are turning into foreclosures.

Good deals are abounding. I am seeing more and more of them everyday. It is a great time to buy.

As always, please let me know what I can do to help you and yours with any and all of your real estate needs.