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.
