| |
real estate: 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)
|
real estate: Congress Extends Homebuyer Tax Credit Closing Deadline to September 30, 2010 - 07/01/10 12:41 PM
Good news. Congress has passed a bill that extends the Homebuyer Tax Credit closing deadline to September 30, 2010. Please understand this applies only to real estate transactions with ratified contracts in place as of April 30th, 2010 that have not yet closed. Previously, contracts had to close by June 30th, 2010.
John Allaire
Prudential Utah Real Estate - Eden Utah
John@RockyMountainHomes.net
RockyMountainHomes.net
… (1 comments)
|
real estate: Wolf Creek Properties Files for Bankruptcy Protection - 06/20/10 10:27 AM
Wolf Creek Properties recently filed for Chapter 11 bankruptcy protection. According to information released, Wolf Creek Properties has filed several motions allowing it to continue day to day operations. Wolf Creek Properties owns Wolf Creek Utah Ski Resort, formerly known as Wolf Mountain and Nordic Valley Ski Area.
Wolf Creek is exploring restructuring options while talking with potential purchasers of what it considers "non-strategic portions of its operations" in an effort to attract new ownership. The press release did not indicate which assets Wolf Creek may be interested in divesting.
Wolf Creek Properties has at least 100 creditors, and larger debts … (0 comments)
|
real estate: 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)
|
real estate: 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)
|
real estate: First Time Homebuyer Tax Credit - Summary - 02/22/09 12:25 PM
Good News! The new stimulus bill signed by the President last week makes some positive, immediate changes to the first time homebuyer tax credit. As you may recall, the tax credit was previously $7500, plus it had to be repaid over 15 years or whenever you sold the home. Last week, this changed to an $8000 CREDIT or 10% of the home's value, whichever is less. The Credit does NOT need to be repaid as long as you stay in the home for at least 3 years. Another big plus - if you purchase a home in 2009, the IRS will allow you to get the credit when you file your 2008 tax … (0 comments)
|
real estate: Standard Examiner Article - Utah Data Shows Homes Retaining Value - 03/14/08 08:20 PM
Home builders expect tighter margins By JESSE FRUHWIRTH Standard-Examiner Davis Bureau jfruhwirth@standard.net Housing data show Utah homes are retaining and even building on their value, so home owners might think they are the rare Americans who will emerge unscathed from the national housing crisis. Utah home builders, however, have been wounded by shrapnel expelled by the bursting national bubble, and their misfortune is just now beginning to bleed onto existing homes. Layoffs, price reductions and handsome extras that attract choosy buyers are ways large-volume Utah home builders are dealing with a lack of credit available to buyers. Smaller builders are simply … (0 comments)
|
real estate: Standard Examiner Article - Utah Poised for Rebound - 03/14/08 08:14 PM
Utah poised for rebound That is the prediction of area economists By JEFF DEMOSS Standard-Examiner staff jdemoss@standard.net SALT LAKE CITY - While the current economic picture looks bleak, fears about recession may actually help Utah and the United States avoid that fate, two leading local economists said Wednesday. A growing number of economic experts are saying the U.S. is either headed for a recession or is already in one, but the current situation is really more of a "fear-session," said Kelly Matthews, vice president and economist for Wells Fargo in Utah. Economic growth in Utah will slow noticeably this year, but … (0 comments)
|
real estate: Stability Seen in Utah Home Prices - Standard Examiner Article - 03/08/08 10:09 AM
Stability seen in Utah homes Foreclosure rates up, but still far below average for country By JORDAN MUHLESTEIN Standard-Examiner staff jmuhlestein@standard.net Utah's foreclosure rate is slightly higher than a year ago, but far lower than the national average. Statewide, the percentage of loans in foreclosure was 0.8 percent in the fourth quarter of 2007, up from 0.61 percent a year earlier, the Mortgage Bankers Association reported Thursday. The Utah rate was less than half the nationwide rate, which rose from 1.19 percent in 2006 to 2.04 percent in the fourth quarter of 2007. Nationally, more than one of every 20 home … (0 comments)
|
real estate: Powder Mountain Agrees to Hold Off on Incorporation - Standard Examiner Article - 03/08/08 10:05 AM
By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net OGDEN - Weber County Commissioner Craig Dearden woke up at 3 a.m. one day last week, thinking about Powder Mountain resort's petition to incorporate as a town to pave the way for increased development. "I wondered if anyone has ever talked to the Powder Mountain owners about a way to do this without forming a town," he said. "So I got ahold of the owners, and they said they were willing to sit down and talk with us." After meeting with the resort developers on Monday, Dearden decided to move to table the incorporation petition … (0 comments)
|
real estate: WIDESPREAD HOUSE PRICE DECLINES IN FOURTH QUARTER - OFHEO NEWS RELEASE - 02/26/08 10:51 AM
For Immediate Release February 26, 2008 WIDESPREAD HOUSE PRICE DECLINES IN FOURTH QUARTER
Pockets of Strength Remain; Coasts, Midwest Show Biggest Declines
WASHINGTON, DC - U.S. home prices fell in the fourth quarter of 2007 according to OFHEO's seasonally-adjusted purchase-only house price index. The index, which is based on data from home sales, was 1.3 percent lower on a seasonally-adjusted basis in the fourth quarter than in the third quarter of 2007. This decline was substantially greater than the 0.3 percent price decline between the second and third quarters. Over the past year, prices fell 0.3 percent, as the fourth quarter decline … (0 comments)
|
real estate: Standard Examiner Article - Eden Residents to Take on Powder Mountain Over Vote - 02/25/08 08:11 PM
STAY TUNED!!!
‘Powderville Six' to take on ski resort over vote
By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net
EDEN - As the Powder Mountain developers' petition to form a chunk of the Ogden Valley into a town moves forward, future residents are taking matters into their own hands. A group of 40 voting-age residents met Friday to elect their own ad hoc council. Darla Van Zeben, Deja Mitchell, Jim Halay, Ryan Bushell, Layne Sheridan and Norman Belnap are the six people who will unofficially represent "Powderville," which is a nickname for the residential neighborhoods that were drawn into Powder Mountain Town without a vote. … (0 comments)
|
real estate: Powder Mountain Township Decision - Get Involved! - 02/16/08 11:13 AM
The future of Powder Mountain, and the entire Ogden Valley is at stake.
Regardless how you may feel about the bill that passed the Utah House and Senate in late 2007 (allows easy incporporation of a township with no vote required by those who find themselves within the township boundary, circumventing the county planning and zoning approval process), I recommend you subscribe to "The Ogden Valley Utah Forum" by clicking on this link: http://ogden-valley.blogspot.com/, then provide your email address under "For Email Updates, Subscribe Below" box. In addition, if you feel strongly about allowing development to proceed at more reasonable density levels, I strongly recommend you sign the petition link on this same website.
The ultimate … (1 comments)
|
real estate: Standard Examiner Article - Powder Mountain Owners Say Feasibility Study Backs Town Concept - 02/06/08 11:44 AM
By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net OGDEN - Powder Mountain owners released the results of their privately commissioned feasibility study Friday showing the ski resort could become a viable municipality if the developers provided cash upfront. If Western America Holding, LLC, coughs up $750,000 for its proposed town government, there would be no need to levy an additional municipal property tax or telecommunication tax on the residents, the study said. "Assuming creation of a fund from prepayment of development fees, there is adequate funding to allow the newly incorporated town to operate through the end of Fiscal Year 2012," the report read. … (1 comments)
|
real estate: Standard Examiner Article - Powder Mountain Town Incorporation Could Be Only Two Months Away - 01/20/08 09:32 PM
Ski resort going to town?
Powder Mountain developers find alternative for expansion
By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net OGDEN - Powder Mountain ski resort may soon become Powder Mountain Town - developers filed paperwork Friday with the Weber County clerk to incorporate as a municipality. The action could allow resort developers to move ahead with plans to expand into a massive four-season resort in the Ogden Valley without going through the county planning commission. Last month, after months of workshops and public hearings, the Ogden Valley Planning Commission voted in favor of the resort's rezoning proposal, but attached almost 20 conditions that limited the … (3 comments)
|
real estate: Owners File Petition to Create Town of Powder Mountain - Salt Lake Tribune Article - 01/18/08 09:32 PM
By Kristen Moulton The Salt Lake Tribune 1/18/08
The owners of Powder Mountain Ski Resort, frustrated with delays in securing permission for a 4,400-acre rezoning, this morning filed a petition with Weber County to incorporate as a new town.Scott Doughman, one of the owners, said in a news release that the law allowing incorporation ensures the resort's property rights are fairly represented in local government.The resort last month wrested endorsement for the rezoning from the Ogden Valley Township Planning Commission, but there were many strings attached. The Planning Commission, for instance, wants the owner to essentially build a second road into the … (1 comments)
|
real estate: Come Enjoy The Best Snow on Earth! Utah Powder Report - 01/10/08 10:04 AM
In an effort to provide skiers and riders with the most accurate snow condition information possible, Ski Utah lists elevations for the base, summit and snow report stake location of each resort below. In general, snowfall totals will be greatest at the summit and decrease with elevation. SKI CONDITIONS … (0 comments)
|
real estate: Powder Mountain Rezone Request Approved - Standard Examiner Article - 12/11/07 11:31 AM
Ogden Valley commission OKs rezone Powder Mountain developers must meet 15 conditions B Y MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net OGDEN - The Ogden Valley Planning Commission voted Monday to approve a rezone application for Powder Mountain Resort - but only after setting 15 conditions and capping density at current levels. Five commissioners voted for the rezone, and two did not vote. Jim Banks was absent, and Jamie Lythgoe abstained. Several Ogden Valley residents had complained that Lythgoe had a conflict of interest because her family, the Cobabes, originally owned the resort and retained 213 acres within Powder Mountain boundaries. On Monday, … (1 comments)
|
real estate: Standard Examiner Article - Powder Mountain Rezone Conditions - Ogden Valley Planning Commisison Meeting 11/29/2007 - 11/30/07 01:49 PM
BY MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net OGDEN - The Ogden Valley Planning Commission set down a list of conditions Thursday that Powder Mountain developers would have to meet before getting approval for a massive rezoning. One of the conditions stipulated by the commission was the creation of a second, permanent, all-season road to the resort. Currently, only one two-lane road from the Ogden Valley services the Powder Mountain area. The resort covers about 8,000 acres in Weber and Cache counties. The proposed rezone would allow for 805 singlefamily homes, 2,090 multiplefamily units, 500 hotel rooms, 11 corporate retreats, a 60,000-square-foot recreation center, … (0 comments)
|
real estate: Salt Lake Tribune Article: "Deal Deadline Looms for Powder Mountain Project" - 10/15/07 09:39 AM
Article in Salt Lake Tribune on 10/13/2007
Deal Deadline Looms for Powder Mountain Project
by Arrin Newton Brunson, Special to the Tribune
Last Updated: 10/13/2007 02:49:12 AM MDT
LOGAN - Time is running out for investors who began the process more than two years ago to turn Powder Mountain resort into a four-season luxury development. The project involves plans to develop 7,960 acres of resort property, which straddles the Cache/Weber county line, six miles north of Eden in the Ogden Valley and 19 miles northeast of Ogden. But Cache County Attorney George Daines insists that Western America Holding Co.'s time is up. Oct. 31 is … (0 comments)
|
|
|
|
|
|
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.
 Listings
Links
Archives
|
;)
;)
;)
