Real Estate Morning Drive

What Are The Odds Of Selling Your St. George Home?

Jeremy Episode 55

We dive deep into St. George's segmented real estate landscape, revealing how price point dramatically shapes your selling experience and success odds.

Market Segmentation by Price
Under $500K: Seller's market with 34% of homes selling within 30 days
$500K-$1M: Transitional market conditions
$1M-$2M: Buyer-favored environment
$2M+: Extreme buyer's market with only 2.9% selling in first 30 days and 34.3 months of inventory

Critical Market Metrics
• Washington County averages 5.3 months of supply (balanced market overall)
• Homes consistently sell for ~97% of asking price across all segments
• Mortgage payments have more than doubled from $1,400 to $3,200 since 2019

Buyer Psychology & Timing
• The crucial 30-day threshold: After this point, buyer interest shifts from enthusiasm to skepticism
• Even in seller's markets, buyers remain cautious and negotiate actively
• Each neighborhood (Hurricane, LaVerkin, Toquerville, Ivins, St. George) operates as its own micro-market

The Professional Edge
Understanding market "temperament" - the emotional and behavioral patterns of buyers and sellers - proves as valuable as traditional metrics like pricing and inventory.

Planning a move in the next 12 months? Visit gostgeorge.com or search "Larkin Group" for downsizing guides, selling resources, and expert consultation.