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.
Thanks,
John Allaire
Prudential Utah Real Estate - Eden
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