“High End;” Big Early Season Snow; Ogden Valley Real Estate Boom

The High Endmy quarterly magazine, features unique, intriguing articles and gorgeous photography on subjects ranging from astrotourism, to elevated fast food, to hotel rooms with views into the underwater world. If you are not receiving a copy but would like to, contact me at lisa@lisakaram.com.

High End- Lisa Karam Outside Covers DM 601 Lisa Karam outside cover

Heavy snowfall covered the mountains and ski resorts above the Ogden Valley in late December. In addition to the excellent ski conditions, the snow was much needed to combat the recent drought.  I’m on a regular snow dance schedule to “keep it coming.”

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With the snow, the resorts are full, and the already torrid real estate market in the Ogden Valley should get an added boost from visitors who decide they want to own a piece of our paradise. We’re no longer a secret…there are numerous buyers and extremely limited inventory.

OVAS Cover Photo

Excellent coverage on the runs of Snowbasin, Powder Mountain and Nordic Valley has allowed Ogden Valley Adaptive Sports to once again offer a wide variety of thrilling, rewarding winter sports experiences to those with disabilities.

 

Lisa’s Market Update – January 2022

Lack of Inventory Biggest Real Estate News at Start of 2022 

 

MARKET UPDATE – December 2021 Real Estate Statistics

Real Estate inventory has been low for months in the Ogden Valley, with the accompanying rise in prices a result.  But as we ring in 2022, there has been a further, dramatic reduction.

Currently, there are only 11 single family homes and 2 condos for sale in all of the Ogden Valley.  That is roughly half of what was on the market at the end of November. Along the Ogden Bench, available inventory dropped from 29 to 19.

A further escalation in pressure on prices is a reasonable conclusion considering the extremely low inventory.  The median price per sq. ft. of condos and townhomes in the Valley jumped to $394.00 from $246.00 in November, while the price per sq. ft. for single family homes in the Mountain Green area was at $318.00, up from $178.00.

The low number of sales can undoubtedly skew the median prices, but it’s safe to say the seller’s market continues.  And there are good odds it may well get better!

MARKET UPDATE – December 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          11                       16                         9                      $953,000      $283.00

MGSF          5                        4                        24                     $758,000       $318.00

OBSF          19                       43                      13                      $350,000       $201.00

OVC/T         2                         2                        11                      $408,000       $394.00

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