February 2019 Market Update

Market Update- February 2019

February real estate sales statistics for the Ogden Valley, Mountain Green, and Ogden Bench depict a market that is still strong in both the single family and condo sectors, with inventories remaining relatively low.

The greatest strength is in Ogden Valley/single family homes, under $500,000, with properties being snapped up within a few days of listing, and multiple offers in many cases.  There is also some strengthening in the Valley’s $1,000,000 plus homes, and median sales price jumped to $247,000 for single family homes on the Ogden Bench.

The snow and ski season has been extraordinary, with record skier days recorded at Snowbasin.  Many new visitors have been introduced to the Ogden, Ogden Valley, and Mountain Green areas.  It will be interesting to watch the market after the ski season ends…to see how many of these visitors return to look at property after getting a glimpse of the stunning beauty, exemplary lifestyle and myriad opportunities this area offers.