St. George, UT - Local Housing Data - Summary

Change location:

Region

State

City

St. George, UT

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

St. George, UT Local News

Prices of New Homes Gain in St. George, Sales Drop According to Recent Data

Posted on: Aug 08, 2014 11:51:52 AM

In May, there was a drop year-over-year in new home closings in the St. George, UT market, and there were suggestions of weakening market conditions with a percentage decline steeper than that of April 2014. New home closings saw a 31.4% drop from a year earlier to 48. This was after the housing market saw a 6.0% drop year-over-year in April.

A total of 652 new homes were sold during the 12 months that ended in May, down from 674 for the year that ended in April.

As a percentage of overall housing closings, new home closings made up 10.0%. This is a drop 12.7% of closings a year earlier. Closings of new and existing homes slid year-over-year in May after also falling in April year-over-year.

Pricing and Mortgage Trends

The average per-unit price of newly sold homes grew year-over-year to $325,304 in May, up 2.5% from last year. This gain is smaller than the 6.7% hike in April year-over-year.

In May 2014, average mortgage size on new homes went from $281,963 in May 2013 to $284,069 in May 2014. In April 2014, average mortgage size on newly sold homes saw a 2.8% lift year-over-year from a year earlier.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.