The Q4 2024 Market Report from Engel & Völkers provides a comprehensive look at the current market in the St George area. Whether you’re considering purchasing a home, selling a property, or simply staying informed, understanding these market dynamics is essential.
As 2024 came to a close, the St. George real estate market continued to evolve, offering both challenges and opportunities for buyers, sellers, and investors. The 2024 Q4 Market Report from Engel & Völkers provides valuable insights into current trends, pricing shifts, and market activity in this sought-after Southern Utah region. Here’s what you need to know:
Q4 Results
The luxury real estate market in Southern Utah is thriving, with strong year-over-year growth, according to Engel & Völkers. Closed sales have risen by 6.9% from the fourth quarter of 2023, reflecting ongoing high demand for luxury properties. The median sales price also increased by 2.4% from last year’s fourth quarter and 3.2% year-over-year, highlighting the region’s solid investment potential. Southern Utah’s appeal lies in its stunning natural beauty, outdoor recreation, vibrant culture, and growing economy, making it a prime location for both buyers and investors.
Looking Ahead to 2025
As the St. George market stabilizes, industry experts anticipate steady growth, with moderate price adjustments and sustained interest in luxury and resort-style living. With its proximity to Zion National Park, Sand Hollow Reservoir, and world-class golf, St. George continues to be one of Utah’s most desirable real estate destinations.
If you’re considering buying or selling in St. George, now is a great time to explore your options. Contact us today to learn more about available properties and expert insights on navigating the market.
