Lisa’ Market Update – November 2021

Ogden Valley Area Property Market Jumps Again in October 

After a couple of months of still-escalating prices, but some signs of moderation, statistics for real estate sold or for sale in the Ogden Valley, Mountain Green, and Ogden Bench areas in October showed almost across-the-board increases.  If the hot market had slowed to warm, it is now back to red hot.

In the Ogden Valley, the median sales price for single family homes  jumped from $697,000 to $854,000.  Median price per sq. ft. was at $271.00, up from $263.00.  There is currently only one condo or townhome on the market in the Valley. Three sold in October, after an average of only seven days on the market. Scarce inventory is  certain to put upward pressure on prices.  The median price per sq. ft. rose from $356.00 to $365.00.

Median sales price for single family homes in the Mountain Green area jumped to $185.00 from $177.00 in September.  Days on the market dropped from twenty-two to thirteen.

Along the Ogden Bench, the median sales price of single family homes climbed to $440,000 from $365,000, while median days on the market declined from an already low eight, to seven.

Ski season is just around the corner, and if we have a decent snow year, many potential property buyers will see a lot to like. The impact on real estate sales of Snowbasin’s major development announcement should also come into clearer focus.  As always – stay tuned!

MARKET UPDATE – September 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                      19                       28                      $854,000       $271.00

MGSF          9                        12                       13                      $593,000       $185.00

OBSF          41                       50                        7                       $440,000       $174.00

OVC/T         1                         7                          9                      $421,000        $365.00

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