Author: LisaKaramfuller

MARKET UPDATE 

February 2022 was yet another month of upward movement in key sales statistics for the Ogden Valley, Mountain Green, and Ogden Bench real estate markets. Another month of a strong seller’s market. But, there were also some wild swings in the stats, some within the same geographical market.  As always, it makes sense to view the numbers relative to multiple, consecutive months before trying to establish any meaningful variations to current trends.

The median sales price for single family homes in the Ogden Valley jumped from $905,000 in January to $1,455,000 in February, and the median price per sq. ft. increased from $275.00 to $333.00.  Townhome and condo sales in the Valley also showed a dramatic rise in median sales price from $382,000 to $875,000, but the median price per sq. ft. dropped to $273.00 from $442.00.

In the Mountain Green single family home market, sales jumped from 4 properties sold in January to 9 in February, while average days on the market dropped from 47 to 23. But the median sales price slipped to $695,000 from $825,000 and median price per sq. ft. fell from $347.00 to $217.00.

With the current inflation rates and promise of additional interest rate hikes, not to mention the evolving situation in Ukraine – the next few months should be interesting relative to local real estate markets.

February 2022 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          16                        6                       89                    $1,455,000    $333.00

MGSF          6                         9                       23                     $695,000       $217.00

OBSF           7                       27                       11                      $410,000        $191.00

OVC/T         1                         3                         2                     $875,000       $273.00

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

Save the Date! Ogden Valley Adaptive Sports annual Demo Day fundraiser and online Auction. Additional details and link to register can be found HERE

6842 East Summit Peak Circle, Huntsville, Utah

Enjoy breathtaking views of Powder Mountain, Pineview Reservoir, and the idyllic Ogden Valley from one of the most iconic, prestigious, gated neighborhoods in the Valley.  Just below Snowbasin, only 50 minutes to Salt Lake and its’ international airport, this unobstructed view lot has underground utilities and a central water and sewer system.

Your home on this spacious, 1.24-acre lot will not only offer stunning vistas, but all the spectacular recreational opportunities available to Valley residents.  Hiking and biking just outside your door.  World-class skiing 10 minutes away at Snowbasin, or just across the Valley at Powder Mountain. Boating and fishing on Pineview or Causey Reservoir, golf at Wolf Creek, tennis, pickle ball, trout fishing on the South Fork, etc., etc.

Click HERE for additional details

Nestled in the foothills just below Snowbasin and above Pineview Reservoir in Edgewater Chalets, this recently updated home offers the epitome of the Ogden Valley Lifestyle.

 There is a newly expanded primary suite on the main floor, along with an additional bedroom or office.

The finished lower level will accommodate your family or guests in the additional 3 bedrooms, a second laundry, spacious family/game room and a wet bar for entertaining.

An oversized, heated garage is large enough to accommodate your RV or boat, as well as two cars, and contains additional storage. The 220 volt outlet will accommodate electric vehicles or keep your RV charged in the winter. And your spot in paradise is less than an hour from the SLC airport.

LISTED AT: $1,575,000

CLICK HERE FOR ADDITIONAL INFO

 

Ski-in, ski-out, and build your future home on this lot with stunning views – at Powder Mountain, the most uncrowded resort with the largest skiable terrain in North America. Enjoy 8,464 skiable acres, where daily tickets are limited to only 1,500 people.

Perched high above Ogden Valley and Pineview Reservoir…with views across to Snowbasin Resort and the Great Salt Lake…this ½ acre lot will put you squarely in the middle of a unique, innovative community, evolving in a spectacular, four-seasons environment. Over 37 miles of pristine biking and hiking trails with a lift-served downhill course. Only minutes away from the Pine View Reservoir where you can enjoy sailing, water skiing, and fishing, while world class fly fishing is less than a half-hour away-

Now Listed at $1,450,000

CLICK HERE FOR ADDITIONAL INFORMATION

 MARKET UPDATE 

Real estate sales statistics for January, 2022, in the Ogden Valley, Mountain Green and Ogden Bench areas showed little significant change from December 2021.  But this lack of change is news in itself, in that it is the first month in some time there wasn’t upward movement in median sales price, median price per sq. ft., and a decrease in inventory.

There were actually more decreases in prices, price per sq. ft., in January than increases; but again, it’s only one month and the drops were relatively small.  As an example, median sales price for single family homes in the Ogden Valley dropped from $953,000 in December to $905,000 in January, and median price per sq. ft. was $275.00, down from $283.00.

Yes, it’s only one month.  But another month or two of the same stagnant numbers could well signal a slowing of the long, hot seller’s market.

January 2022 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          12                        13                      82                     $905,000     $275.00

MGSF          3                         4                       47                     $825,000       $347.00

OBSF           7                        33                       11                      $360,000        $188.00

OVC/T         1                         2                         11                     $382,000        $442.00

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

The High End, my 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.

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.”

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.

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.

 

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.

My sincerest wishes to all my clients and friends for a wonderful Holiday Season!

As I look out my window, big flat flakes of snow are floating down. If the forecast is correct, the resorts could end up with 2-3 ft. over five days and 4-5 ft. over the past ten.

As winter finally arrives, the real estate market continues to accelerate (see stats below), and with seasonal visitors piling into the Valley, there is no slow down in sight.

One note of caution. Covid, with each new varient, is still very much with us. Please stay vigilant…and insure that you, your family, and friends stay safe and enjoy the Holiday Season to the fullest.

Ogden Valley Sees Biggest Rise in November Property Price Stats 

The real estate market continued to get better for sellers in November, particularly in the Ogden Valley.  A few of the numbers were eye-popping. For the first time, the median sales price for single family homes in the Valley reached $1,000,000. Median price per sq. ft. for single family family went from $271.00 in October to $304.00 in November, and properties on the market (a significant factor in price increases) dropped to 20 from 26.

The median sales price of condos and townhomes in the Ogden Valley also took a dramatic jump, rising from $421,000 to $803,000, although there were only 2 sales.  For the first time in recent memory, there are no condos or townhomes for sale in the Valley.  This total lack of inventory should exert additional pressure on prices.

In the Mountain Green area, median sales price of single family homes increased to $723,000 from $593,000. Along the Ogden Bench, the median price per sq. ft. rose to $191.00 to from $174.00 in October.

A number of new, high-end residential developments have recently broken ground in the Valley. These involve lot sales, and the prices are also at the the high end of the surge in all real estate prices.  Combined with the low inventory of existing homes, the dramatically rising cost of construction and builders now scheduling up to two years out – don’t expect to see prices of existing homes slow down over the coming months.

MARKET UPDATE – November 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                       9                       45                      $1,000,000   $304.00

MGSF          4                        6                       48                      $723,000       $178.00

OBSF          29                       54                      16                     $369,000       $191.00

OVC/T         2                         2                          0                      $803,000       $246.00

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