Beautiful 3 bedroom log cabin with two car garage on 63 acres in Legacy Ranch. Nestled in the quakies in Monte Cristo. Ideal for hunting, snowmobiling and ATVs. Property borders and has direct gate access to state land, ideal for hunting. Well permit and well in process. Only 4 miles off Highway #39, 22 miles from Huntsville and a 15 minute snowmobile ride from the Monte Cristo parking lot. Sold furnished.
Although $/FT2 is not a perfect measure, this metric provides a good view of the market overall, and helps to identify trends. Listed below is annual data providing a historical snapshot of the Ogden Valley condominium real estate market. A large percentage of recent sales in 2009 are distressed, meaning many are short sales, REO or bank-owned properties.
Year AVG $/FT2
2000 $104/FT2
2001 $106/FT2
2002 $114/FT2
2003 $102/FT2
2004 $145FT2
2005 $173/FT2
2006 $232/FT2
2007 $245/FT2
2008 $198/FT2
* January - March 2009 $137/FT2
* April - June 2009 $154FT2
* July - September 2009 $171/FT2
* October 2009 (5 Condos sold to date) $177/FT2
Please don't hesitate to contact me if I can answer any questions or provide additional information.
I wanted to provide an update to the information I posted back in July regarding the status of the Ogden Valley real estate market. The results of the last few months continue to support what I feel represents a bottoming, and new baseline for the Ogden Valley real estate market.
Although $/FT2 is not a perfect measure, this metric provides a good view of the market overall, and helps to identify trends. Listed below is annual data providing a historical snapshot of the Ogden Valley real estate market. As you can see, the period 2002-2004 serves as a good baseline, when SFH home sales prices were very stable. A large percentage of recent sales in 2009 are distressed, meaning many are short sales, REO or bank-owned properties. This is a good test for any real estate market.
Year AVG $/FT2
2000 $90/FT2
2001 $78/FT2
2002 $85/FT2
2003 $84/FT2
2004 $89/FT2
2005 $110/FT2
2006 $150/FT2
2007 $150/FT2
2008 $154/FT2
* January - March 2009 $134/FT2
* April - June 2009 $93/FT2
* July - September 2009 $93/FT2
* October 2009 (10 SFH sold to date) $104/FT2
Please don't hesitate to contact me if I can answer any questions or provide additional information.
Just my opinion, but I believe the Ogden Valley (Eden, Liberty, Huntsville) single family home market has finally reached the bottom. I base this on several months of what appears to be support on a $/FT2 basis.
I typically use 2004 as the baseline year, and recent home sales (since April of 2009) have been running very close to that baseline.
Following is a rundown since 2000. Figures below represent home sales on a $/FT2 basis for the full calendar year:
Year $/FT2
2000 $90.16
2001 $78.22
2002 $85.21
2003 $83.99
2004 $88.82
2005 $109.72
2006 $150.25
2007 $150.32
2008 $154.06
*2009 $91.64
* April 1, 2009 through July 19, 2009
I have monthly sales statistics and graphs to back this up if anyone is interested.
Beautiful 1.1 acre lot at end of cul-de-sac in Sunridge, a gated recreational Subdivision. Great location for a cabin (approved building lot by Weber County) or just for a camping getaway. Locked gates for security. Excavated driveway and campspot with water. Sunridge features a spring-fed water system providing water 365 days/year to all lots. This lot borders common area on two sides, offering outstanding views of the vlley, mountain and Middlefork river and seclusion. HOA fee of $300/year covers road maintenance, water and security.
The attached data and graphs depict sales and price history for all single family homes sold in the Ogden Valley from 2000-2009. For more info, please contact me at John@RockyMountainHomes.net
Chart Below: Ogden Valley Home Sales Data by Quarter 2000-2009
Graph Below: # of Ogden Valley Homes Sold by Quarter 2000-2009, showing sales volume peaking at 36 homes sold in the second quarter, 2005. Federal and state programs recently announced for first time homebuyers and buyers of new construction are expected to have a positive impact on home sales in the Ogden Valley through the remainder of 2009.
Graph Below: Average Price of Ogden Valley Homes Sold by Quarter 2000-2009 reflects a spike to just under $800,000 in average sales price during the first quarter of 2008. This was due to an unusually high percentage of homes (four of the 15) selling for $1 million to $2 million during this period. To date, average home prices in the Ogden Valley have weathered the current economic storm fairly well, but we have begun to see some significant price reductions in the past several weeks.
Graph Below: Average Square Footage (Total, Above Grade, Finished) for Ogden Valley Homes Sold by Quarter 2000-2009. This shows the average size of single family homes sold in the Ogden Valley has remained fairly steady over the past several years. However, the current quarter has seen a significant increase in the average size of homes sold, impacted by distress sales of larger homes in the area.
Graph Below: Average Cost per Square Foot (Total, Above Grade, Finished) for Ogden Valley Homes Sold by Quarter 2000-2009. This shows a recent trend downward in cost/square foot, impacted by larger homes being sold at discounted prices during the first quarter of 2009.
Although the excellent video segments from "UTAH LIVING WITH FIRE" and "Firewise Landscaping For Utah" (links below) were produced and designed for Utah, these are an excellent source of information for anyone living in what is referred to as the "wildland-urban interface", especially those of us who live in the western U.S. The video segments total over an hour of worthwhile information to help all of us better understand what each of us living "in nature" should be doing to minimize the risk of losing our homes (and our neighbors' homes) to wildfire. Most important... this is something all of us should be doing to help the firefighters, police, and other professionals who devote their careers and lives to keeping us all safe!
A recent Gallup / Healthways survey of over 355,000 Americans compared "well being" rankings between all 50 states. As provided by the Gallup website (links below), "the Well-Being Index score ... for each state is an average of six sub-indexes, which examine life evaluation, healthy behaviors, work environment, physical health, emotional health, and access to basic necessities".
Utah was ranked first in this survey, followed by Hawaii and Wyoming.
For the subcategory "Work Environment", Utah also ranked #1.
Following are highlights of a new housing stimulus package, to be administered by the Utah Housing Authority, for homes purchased in the state of Utah. This law was passed just yesterday, March 12, 2009:
- $6000 Grant for new construction (to qualify, the home must have never been lived in)
- Income guidelines are the same as the federal tax credit program
- Any type of loan can be used to purchase the home, not limited to FHA or Utah Housing
- Applications are to be obtained through Utah Housing, and must be submitted to them once completed
- Once an application has been approved, applicants have 90 days to close on a NEW home
- ALL Homebuyers are eligible for this program, not just first time homebuyers!
- $10,000 Million is Available for this program - First Come, First Serve
- First time homebuyers can combine the $8000 first time federal tax credit with this program for a total $14,000 in federal and state credits.
Please feel free to contact me for additional details on this great new program
Please click on the link below to open a printable flyer with information on some of the cabins and camping, hunting and other recreational properties I currently have listed and all of the recreational properties I sold over the past year. Although 2008 was a difficult year for real estate, my track record speaks for itself.
BUYERS: In addition to my own listings, and those on the MLS, I typically find out about other non-MLS lots and cabins as soon as they become available. I own property in many of these areas, and have first hand knowledge and experience to answer many of your questions, eliminate surprises, and line up the resources needed to make your buying experience a rewarding one.
SELLERS: If you are interested in selling your recreational property or cabin, please give me a call. If you list with me,, your property will be aggressively marketed, listed on multiple websites and most importantly shown to prospective buyers. My location allows quick access to popular recreational communities throughout Northern Utah. I am in these areas often and frequently have buyers waiting for the right property to become available.
Market update on trends, statistics, comparisons and listings for the Northern Utah Real Estate Market. Market area includes Eden,Liberty,Huntsville,Powder Mountain,Snowbasin,Ogden, Morgan,Mountain Green,Brigham City,Logan,Tremonton. Covering Weber, Morgan, Davis, Box Elder and Cache County, Utah.
http://www.rockymountainhomes.net
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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