Lisa’s Market Update – November

The real estate market again remained strong through October in the Ogden Valley, Mountain Green and Ogden Bench areas, with only a few small percentage drops in sales statistics from what has been an exceedingly hot market through the summer and early fall.  However, there is significant uncertainty as the winter ski season approaches…around how the dramatic Covid increases in Utah and resulting  resort restrictions could affect visitors, skier days, and the real estate market.

Traditionally, people come to ski at one or more of the Valley resorts, like what they see, and decide to look at property.  They may start investigating the market while they are here, or after they leave.  A lot of transactions that occur in the spring or summer result from interest and research that started during ski season.

This season could bring two forces acting on the market from different directions.  Due to Covid, there could be fewer out-of-town, out-of-state visitors who become interested in real estate…but at the same time the trend toward people wanting to own property in less congested settings could positively impact the market.

MARKET UPDATE – October 2020

OVSF- Ogden Valley Singe Family; MGSF – Mountain Green Single Family; OBSF – Ogden Bench Single Family; OV C/T – Ogden Valley Condominiums & Townhomes

Prop. for Sale   Prop. Sold   Med. Days on Mkt.   Med. Price   Med. Sq. Ft.

OVSF          38                    14                      50                       $692,000       $198.00

MGSF          7                       5                        5                        $470,000       $148.00

OBSF          23                    49                       9                       $285,000       $146.00

OVC/T          4                     10                     89                       $353,000       $233.00

For comparative real estate statistics for all Utah ski resorts,  click here.

   

Lisa’s Market Update – October

The real estate market remained on an upward trend in the Ogden Valley, Mountain Green and the Ogden Bench in August.

One of the issues contributing to the continued strong market is a lack of inventory.  An example – the Ogden Valley had only nine condos and town homes for sale in early September.

Other notable numbers rising in August were sales of single family homes in the Ogden Valley that jumped from 19 to 30, median sales price that went to  $662,000 from $575,000, and medial price per sq. ft. that was up to $181.00 from $179.00.  Condo and town home sales in the Valley went from 4 units to 11 units.

Median price per sq. ft. for single family home sales in the Mountain Green area was $159.99, up from $139.00.  Days on the market dropped from 34 to 11 – again, evidence of a lack of inventory.  Along the Ogden Bench, median price per sq. ft. for single family homes was $136.00 up from $130.00.

With Covid still a significant threat and constantly in the news, property in areas without the congestion of major cities are attracting a lot of interest – in particular the Ogden Valley.  There is widespread thought that even after the pandemic subsides, many more individuals will be able to work from remote locations, as the efficiency and cost savings have become obvious.  If that is the case, the strong real estate market in our area would have an additional stimulus well into the future.

MARKET UPDATE – September 2020

OVSF- Ogden Valley Singe Family; MGSF – Mountain Green Single Family; OBSF – Ogden Bench Single Family; OV C/T – Ogden Valley Condominiums & Townhomes

Prop. for Sale   Prop. Sold   Med. Days on Mkt.   Med. Price   Med. Sq. Ft.

OVSF          37                    18                      40                       $662,000       $231.00

MGSF          9                     16                      19                        $636,000       $155.00

OBSF          24                    47                        6                       $305,000       $148.00

OVC/T          6                     14                     49                       $437,000       $239.00

For comparative real estate statistics for all Utah ski resorts,  click here.

   

Just Listed! 4834 East Patio Springs Circle, Eden

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(Click on Photo Above for Property Details)

Nestled in a cul- de sac backed up by open space and Wolf Creek Golf Course, this 4 bedroom 4 bath home has it all!

The peaceful setting provides ample space for entertaining family and guests with impeccable landscaping, a pond and waterfall, fire pit and generous deck.

Inside, the open floorplan boasts vaulted ceilings, hardwood floors, granite countertops and a cozy fireplace on the main. The upper level features the master suite and two additional bedrooms and bath. The lower level provides additional space with a generous family room, wet bar and fire place.

Outside find an oversized garage / shop with an extra high door, electricity, and storage loft and additional parking for at least 4 vehicles, boat, trailer or RV.

Located minutes to all the Ogden Valley Lifestyle has to offer- Powder Mountain, Snowbasin and Pineview reservoir.

Hot Market! Listed and Under Contract Within 48 Hrs!

Red hot is an apt description of the current real estate market in the Ogden Valley! Within the week I have had a house go under contract within 48 hrs. of the listing going live, and within the past month I have sold two lots within a week of listing them.  One of the lots received multiple offers.

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6207 East Quail Lane, Huntsville – Under Contract in 48 Hours!

Until recently, land sales in the Valley lagged well behind home, condo and townhouse sales.  But starting a couple of months ago, land sales have picked up dramatically.  Inventory has dwindled, and as many people have become interested in moving out of congested cities, all aspects of the residential property market in the Valley are on quite a roll.

Not only have the number of units sold increased and days on the market decreased, prices are also rising.  Dramatically at some price points.  A number of homes that were valued in the $800,000-$900,000 range just six months ago are now selling for over $1,000,000.

 

Lisa’s Market Update for September 2020

 

The real estate market remained on an upward trend in the Ogden Valley, Mountain Green and the Ogden Bench in August.

One of the issues contributing to the continued strong market is a lack of inventory.  An example – the Ogden Valley had only nine condos and town homes for sale in early September.

Other notable numbers rising in August were sales of single family homes in the Ogden Valley that jumped from 19 to 30, median sales price that went to  $662,000 from $575,000, and medial price per sq. ft. that was up to $181.00 from $179.00.  Condo and town home sales in the Valley went from 4 units to 11 units.

Median price per sq. ft. for single family home sales in the Mountain Green area was $159.99, up from $139.00.  Days on the market dropped from 34 to 11 – again, evidence of a lack of inventory.  Along the Ogden Bench, median price per sq. ft. for single family homes was $136.00 up from $130.00.

With Covid still a significant threat and constantly in the news, property in areas without the congestion of major cities are attracting a lot of interest – in particular the Ogden Valley.  There is widespread thought that even after the pandemic subsides, many more individuals will be able to work from remote locations, as the efficiency and cost savings have become obvious.  If that is the case, the strong real estate market in our area would have an additional stimulus well into the future.

MARKET UPDATE – August 2020

OVSF- Ogden Valley Singe Family; MGSF – Mountain Green Single Family; OBSF – Ogden Bench Single Family; OV C/T – Ogden Valley Condominiums & Townhomes

Prop. for Sale   Prop. Sold   Med. Days on Mkt.   Med. Price   Med. Sq. Ft.

OVSF          44                    30                      34                       $662,000       $181.00

MGSF         10                     10                      11                        $386,000       $159.00

OBSF           26                    66                     16                       $316,000       $136.00

OVC/T          9                     11                      104                      $300,000      $238.00

For comparative real estate statistics for all Utah ski resorts,  click here.

   

Protecting the Ogden Valley from Excessive Development

Although I am a real estate broker, I am committed to preventing the excessive development, often in the wrong locations, that has resulted in the congestion and construction blight in numerous other resort communities.  Guarding against over-development will ensure that we, and future generations, continue to enjoy what we all recognize as the unique, wonderful “Ogden Valley Lifestyle.”

One of the most effective ways to control development, while giving owners of farms, open land and iconic properties a viable financial option to selling, is for a community, non-profit organization, to purchase and hold conversation easements.  Master plans, zoning ordinances, even laws, are open to revision, repeal, and the political whims of officials.  Once a conservation easement is finalized, the property is protected in perpetuity.  If the property is occupied, the owner (often generations of the same family) will always be able to stay on their land.

Since 1998, the Ogden Valley Land Trust has acquired 6,000 acres of conversation easements for landowners who wish to protect and preserve their property while retaining ownership.  This considerable acreage will forever be shielded from development, while preserving scenic view corridors, wildlife habitat, watershed and agriculture uses, and the history and culture of our beloved Valley.  The organization is constantly working to locate, and protect, additional properties.

Land Trust Sign

Jensen-Fowers Farm, Huntsville

The Land Trust is also looking for those interested in doing their part to preserve the extraordinary beauty and lifestyle of the Ogden Valley.  If you’re interested, check out their website.

 

Lisa’s Market Update for August 2020

Conventional wisdom aside, the real estate market in the Ogden Valley, Mountain Green and Ogden Bench areas continues to be strong with stable or rising prices.  This trend has existed since the early days of the Covid pandemic and an acknowledged recession, and shows no signs of slowing down.

The more dramatic increases in the July statistics over June were in the Ogden Valley, where units sold went from 6 to 19, the median price per sq. ft. jumped to $179.00 from $170.00, and median days on the market took a precipitous drop from 168 days to 28.  Sales of condos and town homes in the Valley jumped to 4 from 1, and the median sales price went up from $287,000 to $405,000.

Statistics in the Mountain Green area show a strong market that remained fairly stable from June through July, although the median days on the market did drop to 30 from 49.

Along the Ogden Bench, median sales price took a big jump from $248,000 to $345,000.

MARKET UPDATE – July 2020

OVSF- Ogden Valley Singe Family; MGSF – Mountain Green Single Family; OBSF – Ogden Bench Single Family; OV C/T – Ogden Valley Condominiums & Townhomes

Prop. for Sale   Prop. Sold   Med. Days on Mkt.   Med. Price   Med. Sq. Ft.

OVSF          40                    19                      28                       $575,000       $179.00

MGSF         12                     19                      30                       $555,000       $139.00

OBSF           23                    62                       9                        $345,000       $130.00

OVC/T         19                     4                       87                         $405,000      $242.00

For comparative real estate statistics for all Utah ski resorts,  click here.

   

Rare Huntsville Town Building Lot

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Just Listed! This Rare Huntsville Town building Lot

Cover 2 Small

Street View

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Just listed!

This gorgeous property is a rare find in the lovely, idyllic town of Huntsville, in the heart of the spectacular Ogden Valley. Build your dream home on this flat lot, located near the town square and all the recreational opportunities the Valley offers. Snowbasin and Powder Mountain Resorts are minutes away, and arms of Pineview reservoir extend into Huntsville Town. The ¾  acre lot faces west, has a picture perfect cottonwood tree gracing the back of the property, and will accommodate a generous home with plenty of space for horses.

Click HERE for more property Details

Ogden Valley Dining Options Continue to Grow

Over the past few weeks, a number of new dining options have become available in the Valley.  Combined with those establishments already open, the options are significantly improving.

The always popular Pizza and Pints, on Thursday evenings at the Bower Lodge, is again operating.  No longer a buffet, friendly and efficient wait staff serve the same delicious pizzas, wings, salads, etc,. to your outdoor table, or well-spaced indoor seating.  Reservations are suggested.

The coffee bar at the Bower Lodge is serving brunch Thursday thru Sunday, 8a.m -2 p.m., and the Sky Lodge at Powder Mountain is once again hosting the intimate, community dinner series Toast to Trails that always seem to sell out.  On Wednesday and Friday evenings, 6-8 p.m.-there is now more of a picnic format on the large deck, but with the same renowned, spectacular views of the Wasatch range and Great Salt Lake at sunset.  Beer and wine are available.  Reservations are a must.

The outdoor grill at Wold Creek golf course is now serving a limited menu until 8 p.m.

The Saddlebag Saloon is not only open for food service and beer, but they are once again featuring a quality lineup of live music.

i.d.k. Barbecue has recently opened on the square in Huntsville, and early reviews are excellent.  Limited indoor seating, outdoor seating and takeout are all available.  i.d.k. has operated a highly successful, similar barbecue restaurant in Tropic, Utah, just outside Bryce Canyon National Park, since 2014.

As the economy and more businesses have re-opened, there has been a significant increase in the cases of Covid 19 in Utah, and to a lesser extent, in Weber County.  Stay diligent in your efforts to protect your family, friends and yourself, and hopefully we’ll all get through this difficult time sooner rather than later.

I continue to be careful and cautious when I show property.  I always wear a mask, and have masks, gloves and hand sanitizer for anyone who does not when they arrive for a showing.

For the latest, detailed information on the Coronavirus and testing sites in Utah please visit these websites:

coronavirus.utah.gov

coronavirus testing information/sites in Utah

cdc.gov.coronavirus