Lisa’s Market Update – August 2021

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.