Four fewer sales, eight million more dollars.
The second quarter traded fewer homes than last spring and moved considerably more money doing it. Fifty-seven single-family closings against sixty-one, with total dollar volume up about fifteen percent. The average sale price crossed into seven figures for the quarter, up roughly twenty-three percent, while the median rose a more modest eleven percent.
That gap between the average and the median is the whole quarter in one line. When the average climbs at twice the rate of the median, the top of the price range is doing more of the work. In Ivins that usually means Kayenta, the Snow Canyon view lots, and the custom end of Padre Canyon all cleared inventory inside the same three months.
Fifty-seven closings is a real sample, which no single Ivins month ever gives you. That is why I weight the quarterly read heavier than the monthly one in this city, and why the eleven percent median move is the figure I would actually trust.