Lisa’s Market Update – September 2021

Market Still Strong…Select Prices Climbed Dramatically in August

Real estate in the Ogden Valley, Mountain Green and Ogden Bench areas continued its long run as an ever-escalating seller’s market in August.  And there were a few notable, dramatic jumps in median sales price and median price per square foot.

Single family home sales in Mountain Green jumped from a median sales price of $658,000 to an eye-popping $900,000, while the median price per sq. ft. went from $185.00 in July to $207.00 in August.  Median days on the market dropped from 24 to 10, continuing the trend of decreases in inventory.  In the Ogden Valley the median price per sq. ft.  of condos and town homes increased from $293.00 to $346.00.  Median price per sq. ft. for single family homes sold in the Valley also went up, from $307.00 to $312.00.  Along the Ogden Bench, the sale of single family homes showed a rise in median price per sq. ft., from $175.00 to $185.00.

After perusing numerous articles and qualified opinions on the state of the residential real estate market over the next few months, and considering the dynamics of our local market, there is no reason to expect the numbers not to continue on an upward trend.

MARKET UPDATE – August 2021 Real Estate Statistics

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          34                      22                       23                    $739,000       $312.00

MGSF         15                        9                        10                      $900,000       $207.00

OBSF          35                      44                       12                       $370,000       $185.00

OVC/T         1                        7                          20                     $510,000        $346.00

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

Two New Restaurants Open in the Ogden Valley

The Lovin Cup Photo

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Two new restaurants have recently opened in the Ogden Valley.  The Lovin’ Cup, located in downtown Huntsville, just off the Square, is now open for breakfast and lunch, as is Peddlers Cafe, located in the Mountain Luxury Lodge in Eden.  Links to both restaurants websites and menus are below.

https://www.thelovincup.com 

https://www.peddlerscatering.com/

Don’t forget – to order your tickets to the Ogden Valley Land Trust Summer Concert!!  Only 1 week left!  https://ogdenvalleylandtrust.org/summerconcert/

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Lisa’s Market Update – August 2021

Market Still Strong…But Mixed Numbers for First Time in Months

The real estate market in the Ogden Valley, Mountain Green and Ogden Bench continued its year-plus long strength in July, but for the first time in months there were a few sales statistics that showed some slight weakening.

The median sales price for Ogden Valley single family homes sold in July dropped to $864,000 from $917,000, but the median price per sq. ft. jumped from $278.00 to $307.00.  The median sales price for condos and townhomes in the Valley dropped to $499,000 from $635,000, and the price per sq. ft. also decreased, from $311.00 to $293.00.

In Mountain Green, median sales price for single family homes in July slipped to $658,000 from $680,000, and price per sq. ft. to $185.00 from $202.00.

Sales statistics for one month, and in particular when there were few sales (only 5 condos/townhomes sold in Ogden Valley) are not necessarily indicative of a trend.  The dynamics that have driven the escalating prices over the past year are still in place.  Statistics for the next few months will bear watching.

MARKET UPDATE – July 2021 Real Estate Statistics

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          26                      14                       22                    $864,000       $307.00

MGSF         11                        8                        24                      $658,000       $185.00

OBSF          32                      61                         8                       $370,000       $175.00

OVC/T         3                        5                          33                     $499,000        $293.00

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

Monty Powell, Anna Wilson to Perform at Annual Land Trust Concert

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The Ogden Valley Land Trust is proud to announce the return of their  annual summer concert for 2021, with a performance by Grammy winners and Golden Globe nominated singers, songwriters, and producers Monty Powell and Anna Wilson.

The evening program, a fund-raiser for the Land Trust, will be held August 27, 2021, at Kelly Creek Farm, in Huntsville.  Admission price is $50.00 per person.  There will be a silent auction.

The Ogden Valley Land Trust is an organization critically important to preserving, in perpetuity, iconic properties, farms, wildlife habitat, and the idyllic beauty and open space of the Valley we all cherish.  The Land Trust can also act as the last line of defense against development of key properties deemed inappropriate for development.

The Ogden Valley Land Trust is fresh off a major victory with the preservation of 1,000+ acres of what was formerly the iconic Huntsville Monastery.  Please order your tickets today and help us continue the good work and growing influence of the Ogden Valley Land Trust.

CLICK HERE TO PURCHASE TICKETS

 

Lisa’s Market Update – July 2021

Another month of record breaking real estate statistics

Rather than showing any signs of slowing, the red-hot real estate market in the Ogden Valley, Mountain Green and Ogden Bench areas reached new highs in June in the key statistics of median sales price, median price per sq. ft., and median days on the market.  The most eye-popping numbers were along the Ogden Bench and in the Ogden Valley.

Median price for single family home sales along the Ogden Bench area jumped to $392,000, up from $325,000 in May.  The median price per sq. ft. climbed to $185.000 from $169.00

In the Ogden Valley, median sales price reached a record $917,000 and median price per sq. ft. also increased to another record, $278.00, up from $271.00 in May.  Median days on the market dropped to 19 from 30.

July?  Low inventory, lifestyle migration, strong overall economy, etc. – all the dynamics are still in place to indicate the seller’s market will continue its’ long, upward trajectory.

MARKET UPDATE – June 2021 Real Estate Statistics

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          28                      19                       19                    $917,000        $278.00

MGSF          8                        5                         7                      $680,000       $202.00

OBSF          27                      62                       6                       $392,000       $185.00

OVC/T         5                        6                        11                      $625,000        $311.00

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

Gorgeous Highlands at Wolf Creek View Lot- 10 Minutes to Powder Mountain!

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5732 E Porcupine Drive, Eden

Build your dream home on this gorgeous view lot in the Highlands at Wolf Creek. Enjoy expansive views of Ogden Valley, Pineview Reservoir and Snowbasin. Only 10 minutes to Powder Mountain, 20 minutes to Snowbasin and surrounded by all the recreation that Ogden Valley has to offer. This lot is fully developed and ready to build, with water, sewer, gas and electric all stubbed to the lot.

CLICK HERE FOR ADDITIONAL LISTING DETAILS AND PHOTOS

Lisa’s Market Update – June 2021

Largest monthly jump; record price per sq. ft.

Reporting on the year-long upward trend in the local real estate market can begin to sound like the proverbial broken record, but May saw a truly dramatic increase to head-shaking highs in one statistical category for sales in the Ogden Valley.  The median price per sq. ft. for single family homes sold reached $323.00 and $321.00 for condos and town homes.  The previous high was $293.00 (April), and just over six months ago the median price per sq. ft. was routinely in the $150.00 – $180.00 range.

There were a few other notable changes in the stats – the vast majority of which are further indication of a hot market continuing to heat up.  Single family home sales along the Ogden Bench also saw a record in price per sq. ft., at $193.00, up from $169.00 in April, and the median sales price climbed to $335,000, from $325,000.  In the Mountain Green area, single family homes on the market increased from 6 to 10, indicating a desire of some homeowners to cash in on the excellent seller’s market.

The forecast going forward for the local market is nothing but rosy, as the contributing dynamics (lifestyle migration, etc.) and strong forecasts for the US economy remain unchanged.

MARKET UPDATE – May 2021 Real Estate Statistics

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          20                      18                       30                    $880,000       $271.00

MGSF          3                        6                         4                      $848,000       $199.00

OBSF          21                      43                        5                       $325,000       $169.00

OVC/T         3                        9                       12                       $453,000      $293.00

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

It’s Spring in the Ogden Valley

Valley- MayAs we are little more than a month away from the Summer Solstice, after a  cold and moderately wet April and early May, Spring has finally arrived in the Valley.  The hills are greening up to match the Valley floor, flowers are blooming everywhere, and Pineview Reservoir’s level is up (although still low).  The remaining snow on the peaks and upper elevations of Snowbasin complete the picture-postcard views of the stunning, idyllic beauty of our little slice of heaven.

The summer season is fast approaching, and there are questions to be answered related to the lasting effects of the pandemic.  Will the crowds return to the Valley this year as they did last summer as  Covid restrictions continue to be rolled back?  During the height of the crisis, the pent-up urge to get outside and recreate played a big factor, as did many family’s decision to vacation locally rather than risk flying or travelling long distances.  And of course many countries that are popular destinations were completely off-limits.  Due to this year’s low snow levels and drought conditions, the level of Pineview may remain well below normal, and this could impact the amount of boat traffic, which was extremely high last summer.

The good news – as the vaccination rate continues to rise, hospitalization and death rates decrease, and people begin to feel much safer that they did last summer, something approaching the “new normal” should make for a great summer!

Lisa’s Market Update – May 2021

The real estate market in the Ogden Valley, Mountain Green, and Ogden Bench remained strong through April, but for the first time in months a few selected statistics remained static or saw slight decreases.  At the same time, other categories showed significant increases consistent with an overall upward trend.

Single family home price per sq. ft. for properties sold in the Ogden Valley dropped from $293.00 in March to $271.00, but the median sales price jumped to $880,000 from $739,000.  18 properties were sold, compared to 7 in March.  There were 3 active listings of condo and town homes in the Valley in April, down from 6 in March, while the price per sq. ft. went up to $293.00 from $257.00.  Lack of inventory is still a major factor in the strong seller’s market.

In the Mountain Green area, the median price of single family homes sold in April increased to $848,000 from $540,000, and days on the market dropped dramatically from 80 to 4.

Along the Ogden Bench, price per sq. ft. remained constant at $169.00, as did days on the market at 5, while the median price of single family homes sold inched up slightly to $325.000 from $318,000.

MARKET UPDATE – April 2021 Real Estate Statistics

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          20                      18                       30                    $880,000       $271.00

MGSF          3                        6                         4                      $848,000       $199.00

OBSF          21                      43                        5                       $325,000       $169.00

OVC/T         3                        9                       12                       $453,000      $293.00

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

Just Listed- 6378 East Quail Lane, Huntsville

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6378 East Quail Lane, Huntsville 84317

In the heart of the magnificent beauty of the idyllic Ogden Valley, looking over Pineview Reservoir and just below Snowbasin Ski Resort, this stunning 5 bedroom/4 bath home comes substantially furnished and hosts a unique array of highlights throughout.

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After a day on the slopes, hiking or biking on trails just outside your door, boating or a round of golf…relax in the sauna, beside any of the three fireplaces, or on the large deck or patio.  All the gear and equipment you’ll use for the amazing recreational opportunities in the Valley can be stored in 3 large ceiling-attached shelving units in the 3 car garage.

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The home also showcases a world-class recording studio/media room designed and built by award-winning Carl Tatz Designs.  Constructed to be a sonically flawless listening room with a completely isolated acoustic environment for multiple audio media pursuits, the space is currently being used as a professional recording studio. Repurposed, you will have the ultimate zoom tele-conferencing facility for a podcast, internet radio station, home schooling, home office, or simply the best sound / acoustics in a theater room west of the Mississippi.

Don’t miss this opportunity to experience all the renowned “Ogden Valley Lifestyle” has to offer.