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, averaging 500" of snow/season) or Snowbasin (home of the 2002 Olympics Downhill competition) is missing out.
As of mid-February, 2007, the 12 Month Moving Average Sales price per transaction was $590,000 for Summit County and $415,000 for Ogden Valley home and condo transactions. Another useful statistic is Sales Price per Square Foot. As of mid-February 2007, the 12 Month Moving Average $/FT2 was $260 for Summit County vs $170 for the Ogden Valley. In other words, the cost per square foot in Ogden Valley is running 35% lower than the Park City area. The average size of a typical home/condo purchased over the previous year was 2242 Square Feet for Summit County and 2525 for Ogden Valley.
Go to this link to see a comparison chart for the 2002-2007 time period http://rockymountainhomes.net/market_analysis.htm
I would be happy to answer any questions regarding Utah real estate. Please send inquiries to Info@RockyMountainHomes.net
801-745-2619
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