Ryan Andersen St. George Realtor at ERA Brokers Consolidated

05/07/2025

Here is a copy of the Market Report for Washington County for the month of April. The number of homes that sold this past month is up slighty over a year ago. There was an increase in number of sales over last month, but the average sales price dropped from last month. If you look at the average sales price it peaked in March. It seems to always do that in the March because of the St. George Area Parade of Homes. The Parade of homes takes place in February and many of the homes that sell are in a higher price range which drives up the average. Let me know if you have any questions about the market report. I would be happy to share my insights.

Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. Prepared by Ryan J Andersen, GRI,ABR on Wednesday, May 07, 2025 10:29 AM.

01/20/2025

Here is the market report for December 2024. Take a look at the graph and you can see that the average sales prices has taken a huge hit. If you look at the graph for sold properties it is definetely head down. It is interesting when looking at these reports on a monthly basis sometimes we don't get a great view of what is really going on in the market. Home sales have continued to increase over last years sale. The homes in the higher price ranges are staying on the market a little longer. The trend in the average sales price is healthy for our market. Home prices need to continue to drop so affordabilty will increase. This is just one component of affordability. Wages, interest rates are the other two issues. If homes sit on the market longer then prices will continue to move down. As inventories build prices will also continue to decline. It is simple supply and demand. More inventory will give buyers more choices and force sellers to be more competitive. It will be interesting to see the impact the California wildfires have on our market. With thousands losing their homes and businesses to the fires may change the supply dynamic in the short run. It may also increase building materials which will make it hard on builders to reduce pricing. The bottom line is if you are looking to purchase a home and are going to stay there for several years, it may be best to purchase a home now instead of waiting to try and time the market. What I have seen in my career is the market has always come back and continued to move upward. Here is the link to the report. Call me or message me if you have any questions.

Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. Prepared by Ryan J Andersen, GRI,ABR on Monday, January 20, 2025 2:57 PM.

10/03/2024

Here is the market report for September 2024. Sold listings were down this month compared to a year ago and compared to August. Pended listings were up this month compared to a year ago and compared to last month. A small drop in interest rates helped the pending sales. It will be interested to see what month brings. My guess is that interest rates will change a little in the downward direction because of the election in November. Meanwhile the maket is still moving forward but at a slower pace than in the past. It might be a good time to snag a home and make a good deal on it while you can. Overall the prices still are moving up at about a 4% rate year over year, which is about what it should be. Hopefully this will give those who have been on fence an opportunity to get in on a good deal and find the home they have been waiting for. Inventory went up a little this month, but that is because the sales were down as well. Let me know if you have any questions about the market and I will make sure you feel comfortable know what is going on.

Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by Ryan J Andersen, GRI,ABR on Thursday, October 03, 2024 3:12 PM.

09/04/2024

Inventory is starting to build in most price ranges. With a dip in interest rates now might be a perfect time to purchase your new home. Many in the lower price ranges are still finding it difficult to purchase a home. There are a lot of different options when purchasing a home. There are some assumable loans out there that have much lower interest rates that could save you hundreds of dollars a month. Also there are some low down payment options if you don't have a lot of cash sitting in the bank. If you have any questions on how to best navigate this market. Reach out to me and I will share some of my 21 years of experience to help you make a great decision and find the right home for you.

08/28/2024

Here is a link to this months market report. Things continue to improve on all levels. Even interest rates have come down in the past month. The rates are still keeping a lot of home buyers out of the market. Many sellers are recognizing a little bit longer time on the market. My experience over the past several months is that it is easier to sell a home priced in the million dollar range than in the $600k to $800 K. Hopefully lower interest rates will help some of the inventory in that price range sell. Let me know if you have any questions. Enjoy the report.

Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by Ryan J Andersen, GRI,ABR on Tuesday, August 27, 2024 9:21 PM.

06/06/2024

Here is the market report for May 2024. The market is continuing to improve. The prices of homes continues to go up. The year over year comparison is up over 8%. With all the news about the sky falling and the crash that is coming, real estate is definitely benefitting. I think a lot of people are putting their money into real estate. There are a lot of homes that have sold over $1,000,000 in Washington County. If you look at price breakdown it seems like it is easier to sell a home over $700K than to sell one under 700K. I have noticed that my own listings over $700K are selling faster than the ones under $700K. Let me know if you have any questions about the report or if you have any questions about real estate in general. Enjoy the report.

Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by Ryan J Andersen, GRI,ABR on Thursday, June 06, 2024 11:03 AM.

03/11/2024

Here is the monthly real estate market report for Washington County. This report shows that sales slowed a little bit in February. The pending contracts went up last month just a little. Overall the market hasn't change a whole lot in the past few months. Inventory is building a little bit. Prices don't seem to be falling much, but watching things on a daily basis, prices seem to be coming down a little bit. Take into consideration that February was the St. George area Parade of Homes. This event seems to infuse lots of energy into the market. We always see an increase in inventory in the month of February. Many people see this as an opportunity to get their property out in front of a lot of people who are descending on St. George this time of year. My guess is that things will remain about the same as they have been until we see a substantial change in interest rates. As rates go down and prices go down things become more affordable for the majority of the buyers. This will spur demand and also we will see an increase in prices as this happens over time. Here is the report. Let me know if you have any questions or insights about what you think is coming in the next several months. I love other peoples perspective.

Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Monday, March 11, 2024 11:32 AM.

12/08/2023

Here is the market report for land and lots in Washington County Utah for November. It is interesting to see the average sales price of a lot in Washington County. If you were wondering why homes are so expensive in Washington County, now you know. There has been a considerable slow down in the sale of lots and land in Washington County this year. Prices have started to come down a little bit. It is amazing that in my real estate career of 20 years that the average lot is now more than the average price of a home when I started in the business. Invest in Real Estate. Here is the report. Call or text me at 435-632-1622 if you have any questions about the market or need help selling your home or land. I do both!

Information is deemed to be reliable, but is not guaranteed. © 2023 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Friday, December 08, 2023 2:24 PM.

12/07/2023

Here is the monthly market report for Washington County. The big take away for me is that homes are still selling and Realtors are still getting people into homes and helping sellers move on to their new destination. Home prices year over year are still down and will continue to go down. That is good news for home buyers. Most sellers have acquired a ton of equity over the past several years so a little backwards movement isn't a bad thing. The one thing that I have learned if you want things to change just give it some time and it will change. The one thing to remember is real estate is usually a long term investment and a great way to build long term wealth. Let me know if you have any questions about the market. Text or call me at 435-632-1622.

Information is deemed to be reliable, but is not guaranteed. © 2023 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Wednesday, December 06, 2023 8:55 PM.

09/15/2023

Here is the monthly Real Estate market report for Washington County. One thing to notice is the spread of almost $170,000 between the average listing price and the average sales price. The inventory at the high end is starting to build and sitting on the market much longer. The 1,000,000 to 2,000,000 range has almost an 8 month absorption rate. Homes under $500 K are selling just a little better than homes over the $500 K range. Obviously there are a lot more homes over $500 K than under $500K. Most of the homes under $500 K are town homes and starter homes. Interest rates are still the biggest issue at this time . People are still buying homes and the market is still moving along. We do have inventory, but not enough at the lower end of the market. If you have any questions about the market give me a call at 435-632-1622 or send me a text. I would love to help you figure things out for your situation.
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07/05/2023

Here is the Washington County Board of Realtors market report for June of 2023. The average sales price is down 13.8 % from a year ago. The amount of inventory has also increased and sales are down about 7%. A year ago was the peak of the market for pricing. Interest rates have been the cause for the falling sales prices. The average home with 20% down is still over what the average wage earner in Washington County can afford. It is difficult even for two income families to afford a home. The base payment on $552,000 would be just under $2800.00 plus taxes and insurance. That is around $36,000 a year for just the house payment. Let me know if you have any questions about the market. I am happy to help you navigate through the market.

Information is deemed to be reliable, but is not guaranteed. © 2023 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Wednesday, July 05, 2023 12:51 PM.