Southern Utah Real Estate Market in December 2009

I am a little late on this, but Happy New Year! I want to thank the following for making December a great month. We ended helping a total of 53 families, individuals or businesses either buy or sale real estate this year. Thanks to all of you that either referred or bought or sold this entire year, and especially those that helped in the month of December, the are:

1. Dall, Rita and Myrtle Flanders (purchase)
2. Jennifer Schnabel (listing sold)
3. Diana Stanley (purchase)
4. Jerry and Jeanne Snider (purchase)
5. Jessica Ham (listing sold)
6. Merlin and Tana Sullivan (purchase)

The Flanders called on one of my other listings, and we were able to help them find this house that works better for them, Jennifer Schnabel is a past client, Diana Stanley was a referral from Dave and Traci Stanley, current clients, Jerry and Jeanne Snider are referrals from past clients Omar and Judy Huntington, Jessica Ham is an asset manager for Olympus Asset management, and Merlin and Tana Sullivan, just happen to like the house I listed across the street from them, so they bought it.
Thank you to all.

I just thought I would send you all the deal of the Month, so check this big house out. It is 4200 square feet, 7 beds 3 baths, with a new roof, new carpet, new paint, new tile, newly finished basement, new vinyl siding on exterior, new drive way, and fencing. The house is a bit older, it was built in 1977, but it is nicely priced at only $199,900. That is under $49 bucks a foot!!! Check out the video below...

Here is what happened in the month of December…

Total Market Activity on Homes in December
Active Listings: 1,623 (Nov 1,447)
New Listings: 266 (Nov 318)
Sold Listings: 203 (Nov 195)
Months of Inventory: 8.00 (Nov 7.42)

Homes priced up to $150,000
Active Listings: 380 (Nov 347)
New Listings: 67 (Nov 88)
Sold Listings: 72 (Nov 44)
Months of Inventory: 5.28 (Nov 7.89)

Homes priced from $150,001 to $200,000
Active Listings: 327 (Nov 295)
New Listings: 56 (Nov 78)
Sold Listings: 55 (Nov 54)
Months of Inventory: 5.95 (Nov 5.46)

Homes priced from $200,001 to $250,000
Active Listings: 235 (Nov 205)
New Listings: 43 (Nov 48)
Sold Listings: 27 (Nov 34)
Months of Inventory: 8.70 (Nov 6.03)

Homes priced from $250,001 to $300,000
Active Listings: 169 (Nov 147 )
New Listings: 33 (Nov 30)
Sold Listings: 18 (Nov 25)
Months of Inventory: 9.39 (Nov 5.88)

Homes priced from $300,001 to $350,000
Active Listings: 103 (Nov 94)
New Listings: 14 (Nov 21)
Sold Listings: 5 (Nov 13)
Months of Inventory: 20.16 (Nov 7.23)

Homes priced from $350,001 to $400,000
Active Listings: 96 (Nov 81)
New Listings: 19 (Nov 14)
Sold Listings: 8 (Nov 7)
Months of Inventory: 12.00 (Nov 11.57)

Homes priced from $400,001 to $450,000
Active Listings: 45 (Nov 38 )
New Listings: 7 (Nov 6)
Sold Listings: 1 (Nov 3)
Months of Inventory: 45.00 (Nov 12.67)

Homes priced from $450,001 to $500,000
Active Listings: 48 (Nov 44)
New Listings: 4 (Nov 6)
Sold Listings: 4 (Nov 6)
Months of Inventory: 12.00 (Nov 7.33)

Homes priced from $500,001 to $550,000
Active Listings: 35 (Nov 33)
New Listings: 1 (Nov 5)
Sold Listings: 3 (Nov 4)
Months of Inventory: 11.67 (Nov 8.25)

Homes priced from $550,001 to $600,000
Active Listings: 37 (Nov 31)
New Listings: 4 (Nov 5)
Sold Listings: 4 (Nov 1)
Months of Inventory: 9.25 (Nov 31.00)

Homes priced from $600,001 to $650,000
Active Listings: 25 (Nov 22)
New Listings: 1 (Nov 4)
Sold Listings: 0 (Nov 1)
Months of Inventory: No Sales in Dec (Nov 22.00)

Homes priced from $650,001 to $700,000
Active Listings: 20 (Nov 16)
New Listings: 2 (Nov 4)
Sold Listings: 2 (Nov 0)
Months of Inventory: 10.00 (No Sales in Nov)

Homes priced from $700,001 to $750,000
Active Listings: 5 (Nov 4)
New Listings: 1 (Nov 0)
Sold Listings: 0 (Nov 1)
Months of Inventory: o Sales in Dec (Nov 4.00)

Homes priced from $750,001 to $1,000,000
Active Listings: 48 (Nov 44)
New Listings: 5 (Nov 6)
Sold Listings: 4 (Nov 1)
Months of Inventory: 12.00 (Nov 44.00)

Homes priced from $1,000,001 and Up
Active Listings: 49 (Nov 45)
New Listings: 9 (Nov 3)
Sold Listings: 0 (Nov 1)
Months of Inventory: No Sales in Dec (Nov 45.00)

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: 1,046 (Nov 932)
New Listings: 130 (Nov 74)
Sold Listings: 28 (Nov 36)
Months of Inventory: 37.36 (Nov 25.89)

Here are the data ranges:

Building lots up to $50,000
Active Listings: 133 (Nov 112)
New Listings: 26 (Nov 13)
Sold Listings: 3 (Nov 20)
Months of Inventory: 44.33 (Nov 5.60)

Building lots $50,001 to $100,000
Active Listings: 428 (Nov 386)
New Listings: 38 (Nov 26)
Sold Listings: 15 (Nov 8)
Months of Inventory: 28.53 (Nov 48.25)

Building lots from $100,001 to $150,000
Active Listings: 211 (Nov 188)
New Listings: 30 (Nov 9)
Sold Listings: 3 (Nov 2)
Months of Inventory: 70.33 (Nov 94.00)

Building lots from $150,001 to $200,000
Active Listings: 126 (Nov 109)
New Listings: 22 (Nov 3)
Sold Listings: 3 (Nov 2)
Months of Inventory: 42.00 (Nov 54.50)

Building lots from $200,001 and up
Active Listings: 148 (Nov 137)
New Listings: 14 (Nov 23)
Sold Listings: 4 (Nov 1)
Months of Inventory: 37.00 (Nov 34.25)

Short Sales:
Frankly, it is difficult to get away from them. More and more people, and even banks are going to third party negotiators in an effort to stream line then and make them go more smoothly. I guess they have finally realized that they are here to stay! They still work ok if you don’t mind jumping through the hoops and waiting a while.

Foreclosures:
Same thing, 10-15% are excellent deals, 60% are just ok and the rest are not deals at all. If I can do anything to help, please don’t hesitate to give me a call or send me a quick email.