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market: Update - Ogden Valley Home Prices - 07/21/10 04:52 PM
When comparing Upper Ogden Valley single family home sales transactions for the first two quarters of 2010 vs the same period in 2009, it appears our local market is continuing to form a baseline and may be starting to show signs of life and appreciation after many challenging quarters.
Below are statistics pulled from the Wasatch Front MLS comparing volume, price and price per square foot data for single family home transactions for the first half of 2009 and 2010. Sales volume improved from 16 to 35 untis (+119%) and average cost/square foot increased from $98.29 to $109.82 (+12%). The inventory … (0 comments)
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market: One and Five Year Housing Price Index Comparisons for Utah - 05/27/10 01:11 PM
The latest housing appreciation/depreciation indexes as provided by the Federal Housing Finance Agency (FHFA) showed the following information for 2010 vs 2009, 1st quarter:
- United States: -3.07%
- * Mountain States: -7.6%
- Utah: -8.9%
> St George Area: -17.45%
> Provo-Orem Area: -13.30%
> Salt Lake City Area: -9.91%
> Ogden-Clearfield Area: -6.17%
* Includes Montana, Idaho, Wyoming, Nevada, Utah, Colorado, New Mexico and Arizona
5 Year Appreciation/Depreciation Rates for the same breakdown above are as follows:
- United States: -2.85%
- Mountain States: -3.05%
- Utah: +13.29%
> St George Area: -2.33%
> Provo-Orem Area: +13.41%
… (0 comments)
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market: Ogden Valley Condo Market - 10/31/09 08:16 PM
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 … (0 comments)
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market: Update - Ogden Valley Single Family Home Market - 10/31/09 07:59 PM
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, … (0 comments)
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market: The Market is Never Wrong - Distressed Property Sales as Comparables - 04/09/08 12:11 PM
I work in a beautiful resort area where many people purchased homes, condos and land (many with cash) over the last few years.
Many buyers got in before or while prices shot up in 2005 and 2006. Since 2006, inventory levels have increased and sales prices have slowly fallen. List prices on properties where sellers don't need to sell have been slow to come down. Sellers have every right to list a property at whatever price they feel most comfortable with, as long as there is an agent willing to list it for them. I don't have an issue with that. Personally, I would rather lose a significantly over-priced listing than continue to market it, but another discussion.
I take issue … (1 comments)
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market: Mid April Update - Ogden Valley / Park City Real Estate Comparison - 04/23/07 08:20 PM
As of mid-April 2007, the 12 Month Moving Average Sales price was $613,000 for Summit County (Park City) and $421,000 for Ogden Valley home and condo transactions. Another useful statistic is Sales Price per Square Foot. As of mid-April 2007, the 12 Month Moving Average $/FT2 was $262 for Summit County vs $166 for the Ogden Valley. In other words, the cost per square foot in Ogden Valley is running 37% (this difference was 35% in mid-February 2007) lower than the Park City area. The average size of a typical home/condo purchased over the previous year was 2274 Square Feet in Summit County and 2571 for Ogden Valley.
An apples to apples comparison, separating condo and home sales for the two areas is in the chart below.
Go to this … (1 comments)
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market: Ogden Valley, Utah vs Park City, Utah Real Estate Market >>> Update and Comparison - 02/26/07 10:23 AM
I have developed an interesting graph comparing average sales prices and cost/FT2 since 2002 for two resort communities in Northern Utah. The two areas compared are:
a) Ogden Valley, Utah (Eden, Huntsville and Liberty), 60 minutes from SLC airport, serving Snowbasin, Powder Mountain and Wolf Mountain ski areas along with Pineview Reservoir, Wolf Creek Championship Golf Course, surrounded by National Forest and best of all ... no crowds
b) Summit County, Utah (Park City). serving Park City, Deer Valley and The Canyons ski areas.
The Park City area is much better known, but I know that anyone who has not visited the Ogden Valley or skied at Powder Mountain (at 5500 acres, the largest ski area in the United States, … (3 comments)
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John Allaire
Eden,
UT
More about me…
Prudential Utah Real Estate, Eden Utah
Address: PO Box 623, Eden, UT, 84310
Office Phone: (801) 745-2619
Cell Phone: (208) 841-6774
Email Me
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, Pleasant View,Morgan and Mountain Green. Covering Weber, Morgan, Davis and Cache County Utah.
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