Ryan Andersen St. George Realtor at ERA Brokers Consolidated

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.

flexmls 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.

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.

flexmls 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.

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.

flexmls 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.

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!

flexmls 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.

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.

flexmls 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.

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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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.

flexmls 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.

Here is the link to the latest market report for Washington County Real Estate Market for April 2023. Let me know if you have any questions or just leave a comment below.

flexmls Information is deemed to be reliable, but is not guaranteed. © 2023 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Wednesday, May 10, 2023 11:46 AM.

Here is the market report for Washington County. Sales are slower than a year ago. This report is great to get a year over year comparison. It is for December 2022 and it compares with December 2021. We are building inventory. About 38 % of the inventory is new construction. It is a great time to score a deal on a new home if you are in the market. Here is the report.

flexmls Information is deemed to be reliable, but is not guaranteed. © 2023 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Monday, January 23, 2023 12:51 PM.

Here is some good information you need to know if you are planning on purchasing a home with a mortgage in the coming months. It may be beneficial to do it before these new fees kick in.

Some BIG Changes to Mortgage Costs Were Just Announced In a single moment, the fees for a vast majority of new mortgages in the US have changed.  In some cases, the changes are drastic, both for better and worse.  Let's break it down. What do you mean by "fees/costs?"   This refers to Loan Level Price Ad...

Check out this local event about a local young lady and her incredible story. This is this Saturday night in St. George. If you love a good story then you won't want to miss this.

Here is a good article about the housing market and where it is head. There are so many people out there who are saying the market is going to crash and is going to continue to go down. This article is more realistic in my view. I lived through the last market down turn and it was nasty and took a long time to recover. This market correction is very different. Most people who have a mortgage are in the 3% range. Most people have a lot of equity in their homes. We have a nationwide shortage of homes and with some 4 million people coming across the southern border it will get even tighter. Prices are moderating a little bit and that is actually a good thing. Interest rates have also started to come back down. Even with the Fed increasing the prime rate yesterday by .5% the mortgage rates at now down to about 5.5% APR. That is a move in the right direction. Even though our inventories spiked over the last few months as people are trying to figure things out, we are starting to see a decline in available inventory as many sellers have pulled homes off the market because they don't want to have a higher interest rate than what they have on their current home. We see major investors pulling out of the market, because most of what they were doing was speculating. Some markets will be affected more adversely by the pull out, but it will increase inventories making homes more affordable for those who have been priced out. Several months ago I was encouraging people to purchase homes because the builders needed to get rid of inventory. That still holds true as we see many big builders starting to give bigger allowances on homes and helping with closing costs. When those who purchased and we able to get some of those great deals will be able to refinance when the rates are lower and they will have purchased their homes at lower prices. As always I am happy to answer your real estate questions and give you some good data to help you navigate the current market. There are opportunities in every market.

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago.

Here is the market report for November. Average sales prices is down from may by about $25K One of the things that is happening in our market with the higher interest rates is that the homes on the lower end of the market are sitting on the market and not selling as quickly. Homes in the higher price range are still selling as many of those buyers are paying cash or aren't affected as much by the higher interest rates. Inventory also fell this month which is contrary to the trend of the past 6 months. Many people aren't willing to trade their 3% interest rate for a 6.5 to 7% interest rate. Hopefully we will see rates begin to moderate back down in the spring. Let me know if you have any real estate questions or need more information about the market. Enjoy the report: https://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1oi31vh2sjbi&s=6&id=1&san=85340&cid=1

Here is the Real Estate market report for September 2022. The number of sales has definitely taken a sharp downward turn from one year ago. Almost 14% of the homes sold in September were over $1,000,000. That is a crazy statistic and holding the average home prices at a higher rate. If you asked most people they would have no clue that the average sales price year over year had increased by over 20%. The change in the market is starting to become more evident and will be reflected in the coming months reports. Enjoy the numbers!

flexmls Information is deemed to be reliable, but is not guaranteed. © 2022 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Monday, October 24, 2022 4:25 PM.

Check out this great home in Bloomington Hills. It is on Dixie Power and has lots of square footage. Price to sell at only $180 per square foot. Here is the link:

Blooming Bloomington Hills Two Story Come check out this beautifully updated home on a cul-de-sac in Bloomington Hills. Enjoy mountain view from your kitchen windows. This beautiful home has been updated and is ready for a new owner. The yard has a block wall around it. The backyard is ready for your creativity. You don't want to miss....

Here is my latest listing in Dammeron Valley. This is an incredible horse property. Everything you need for you and your horses. This property is sure to please everyone. Here is a link to view all the pictures and detailed information. https://helloarti.com/view/59758

Gorgeous Dammeron Valley Ranch If you want to own a great horse property then you need to check out this home. This property has it all for the horse lover. There is a huge barn, a guest house with its own garage. A separate shop with lots of storage. A wood shed with a cellar underneath it. The large riding arena with chutes and...

Here is the latest market report for Washington County Utah. Things are changing and I think for the better. If you look at our inventory it has doubled in the past 90 days. Days on Market is still very low, but our absorption rate is no over 1 and a half months. We need to be around 6 months to be in a fairly normal market. Pricing is starting to moderate and the days of asking way over asking price and finding a buyer are gone as well. New construction is increasing as far as availability which means that builders are now putting inventory on the Multiple Listing Service, something that has been missing for the past couple of years. Much of the increase in inventory is new construction. Sales have decreased for the past 3 months. Not because of a lack of inventory, but buyer confidence is waning because of interest rate hikes. We have also seen a decrease in lumber pricing. Lumber futures dropped 47% a couple of weeks ago. I have started to notice the decrease in lumber prices at the local hardware stores. 7/16" wafer board dropped from $36.00 to $24.00 in less than a week. This is a great sign for those wanting to purchase and new home in the next few months. Pricing is starting to come down as sales have slowed in the past few months. Many are panicking because of these changes. Not me. It is a great time to sale your home. You may have missed the top of the market, but still are at one of the highest if not the highest market in history. You just have to price your home appropriately and it will sell. There are a lot of buyers out there looking to purchase a home. They now have more choices, but not in all price ranges. If you would like to talk about the market and what to expect in the coming months, please reach out to me. I would love to give you might insights without any hype. I have many clients who use me to purchase and sell their homes. They trust me and they know that experience that I have acquired over the past 20 years will benefit them greatly in navigating the real estate market. Here's the report. https://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1oc8udpk2kx2&s=6&id=1&san=79301&cid=1

https://helloarti.com/view/56822
Here is my newest listing in Washington Fields. It is on a 1/2 acre lot and has a huge 54'x16' RV garage and also has RV parking on the side. This is a quality built home in a great neighborhood.

Absolutely Stunning Home! Custom home on .50 acre lot in Washington Meadows subdivision. Absolutely stunning home with front courtyard and large covered rear patio area for outside relaxing. Inside you will find a very custom home with quality throughout. Hardwood floors throughout the living area. Large hidden pantry as wel...

Here is the monthly market report for Washington County for the month of January. Let me know if you have any questions.
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flexmls Information is deemed to be reliable, but is not guaranteed. © 2022 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Thursday, February 10, 2022 3:12 PM.

Here is my newest Listing. It was a 2017 Parade home and the sellers have made is so much better with new finishes and upgrades. https://helloarti.com/view/54550

Stunning! Stunning Pennsylvania Dutch 2017 Parade Home by Slate Ridge Homes, further enhanced by current owners, with following additions: Motorized and stationary screens on covered back porch. 2 ½ Ton Heat/AC Mini split in garage, insulation in all garage walls and ceiling, upgraded house attic insulation ...

We just closed on this beautiful home in Dammeron Valley. It was sold in 60 days for full asking price. If you or someone you know needs similar results feel free to contract me.

https://helloarti.com/view/52473

Pine Valley Mountain Views! Nestled on a beautiful ridge with views of Pine Valley Mountain and the valley below. This home was the Parade of Homes entry in 2011. It features many upgrades and features not found in many homes. Beautiful cabinetry with granite countertops. Custom fireplaces, travertine floors and log accents. V...

Dammeron Valley Real Estate ERA Brokers Consolidated
Here is the latest market report for November 2021 in Washington County. We had a very active month. We closed more homes than in October and our inventory dropped by almost 100 units. I was looking at inventory levels this morning and they have dropped 240 units from October. We currently have 501 Active listings on the Multiple Listing Service. We need more homes to sell. That number keeps on dropping and so we could be in a similar scenario as we were last spring. If you want to take advantage of all time home prices in Washington County, give me a call. Enjoy the report. https://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1lrmc9mk7i7j&s=6&id=1&san=64139&cid=1

flexmls Information is deemed to be reliable, but is not guaranteed. © 2021 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Monday, December 06, 2021 11:05 AM.

It will be interesting to see what the guidelines are for doing the desktop appraisals. It could be another mortgage disaster waiting to happen. This could really hurt the home buyer. The appraisers see much more than an automated desk top appraisal can see. Having a real person walk through the home is a much better way to have an appraisal completed. Our appraisers now use different technologies to do their jobs, which allows them to do them much quicker than previously. Having an automate appraisal is like having Zillow do it for you. The results are usually not very accurate.

FHFA: Desktop Appraisals to Become a Permanent Option The Federal Housing Administration will accept appraisals conducted remotely starting in early 2022 on Fannie– or Freddie–backed mortgages.

I just listed this great home in Pinion Hills in Dammeron Valley, Utah. It was the Parade home in 2011. It has lots of high end finishes and incredible craftsmanship. The views are incredible and the home is in great condition. Check out the website below: https://helloarti.com/view/52473

Pine Valley Mountain Views! Nestled on a beautiful ridge with views of Pine Valley Mountain and the valley below. This home was the Parade of Homes entry in 2011. It features many upgrades and features not found in many homes. Beautiful cabinetry with granite countertops. Custom fireplaces, travertine floors and log accents. V...

There has been a little slow down in the market in the past few months. This has been a good time for those buyers who have waited a little bit. The pricing hasn't changed much but their ability to actually purchase a home has improved. There are not as many multiple offer situations and you can actually see more than a couple of homes that might meet your needs. This situation could and most likely will change in the coming months as the demand or need for housing is still way behind the availability. As always if you have any questions please feel free to contact me.

Report: America Is Short 5.24M Homes More listings are coming, but they won’t fill the housing gap that’s making it difficult to meet the nation’s real estate needs, a new study shows.

Here is the latest market report for Washington County Real Estate. This is for the residential listings that are on the Washington County Board of Realtors Multiple Listing Service. This isn't a comprehensive report of all transaction in Washington County.
There are some builders and owners that sell their homes without putting them on the Multiple Listing Service. Not on this months report that inventory is continuing to build, but not to the levels that would make the market more neutral. Homes are still experiencing multiple offers and some areas don't have any homes currently on the market. We have also had some builders starting to list their homes on the Multiple Listing Service which hasn't happened for several months. Expect inventory to continue to build in the coming months. This will mean that buyers will be able to find homes that work for them and that there won't be as many multiple offers on homes. Prices should moderate as well. Let me know if you have any questions or would like more information. Here's a link to the report. https://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1lnpm6f25x8o&s=6&id=1&san=36331&cid=1

flexmls Information is deemed to be reliable, but is not guaranteed. © 2021 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Monday, August 09, 2021 1:30 PM.

I just wanted to share the market report for June. June numbers are in and it looks like we outpaced May in some areas. We had more closed sales in June than May. In May we closed 355 Residential units and in June we closed 421 units. We put 468 units under contract compared to 417 in May. We also had a few more listings available to sell in June with 553 new listings vs 498 new listings in May. Average sales price jumped to $556,160 from $533,948 in May. One thing that doesn't show up on the report is that with the increase of inventory, a lot of the new listings were new construction from builders listing their homes on the Multiple listing service. What this indicates to me is that new home sales are slowing down just a bit. Builders over the past several months are just building spec homes instead of pre sold homes. It is easier for them to control the costs and not be committed to a price that they can't control, because of increases in material costs. Now that some of these homes are hitting the market, buyers will actually have an opportunity to come in and buy new construction without having to wait a year to get into a home. The downside is they will have to take what the builder is offering instead of being able to personalize the home. If you have any questions about the real estate market feel free to contact me and I will help you navigate your way through the market. Enjoy the report. https://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1lmnom1zcduu&s=6&id=1&san=38276&cid=1

flexmls Information is deemed to be reliable, but is not guaranteed. © 2021 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Friday, July 02, 2021 11:46 AM.

Here is my latest listing in Dammeron Valley. This beautiful log home needs a new owner. It has 3 bedrooms upstairs and one full bathroom. It has the living area on the main floor with an additional half bathroom. If you want to live in the country you should check out this great home. https://helloarti.com/view/49288

Rocky Mountain Log Home Rocky Mountain Log Homes Log Home. This lovely log home is a Dammeron Valley Icon. Used as one of the first model homes in Dammeron Valley. This home features quality finishes throughout. Newer windows, roof and other items make this home a real deal. Large side yards to accommodate a large garage o...

I just listed this great home in St. George. It sits up on the hill overlooking the city. It backs up to open space. It is a very nice home and is located in a nice area of town. Minutes from downtown and shopping. It has nice sized rooms and several different gathering areas in the home. Call me to schedule your showing! https://helloarti.com/view/48856

Secluded Backyard! Nestled on the black hill with a secluded backyard. This home has 4 bedrooms and 4 bathrooms. It features a large kitchen with granite countertops and lots of cabinets. There is a fireplace in the living area as well as vaulted ceilings and a beautiful oak staircase leading to the second level. The....

Here is the monthly market report for April 2021. This report covers Washington County Utah as reported through the Washington County Board of Realtors Multiple Listing Service. The market continues to be really strong in Washington County. This growth in pricing is way above historical averages. We have never had higher home values in Washington County. We are seeing more listings come to market and fewer homes on the market to sell than I have seen in my 18 plus years in the business in Washington County. We sold 453 homes in April compared to 365 homes last year. We listed 534 homes in April which was 12 more than last April. We had 1401 homes on the market in April 2020 and only 290 homes on the market in April 2021. Most new listings are on the market for a few days why sellers make a decision about which of many offers they want to take. I have heard of homes selling for hundreds of thousands over asking price. That is not a misprint. I have seen homes priced in the high $400,000 dollar price range sell in the high $500,000 price range. If you are looking to sell your home then I wouldn't wait to much longer, if you are looking to purchase a home the sooner you do it the cheaper the pricing will be. When our market does shift and it will, it will still take a few years for people to adjust to it. When we start to see inventory increase in larger numbers then we need to pay attention. As for now, nothing is looking like a slow down. If you need some advice or help in knowing how to navigate this market feel free to reach out to me and I will put my years of experience to work for you. Let me know if you have any questions about the market report. Enjoy https://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1lkpi18owogt&s=6&id=1&san=72821&cid=1

flexmls Information is deemed to be reliable, but is not guaranteed. © 2021 MLS and FBS. Prepared by RYAN J. ANDERSEN, GRI,ABR on Tuesday, May 04, 2021 11:34 AM.