Lisa’s Market Update for February 2020

The first couple of weeks of February continued to produce consistent storms and great ski and riding at Snowbasin, Powder Mountain and Nordic Valley.  The Junior National Alpine Championship Super Giant Slalom, Giant Slalom and Slalom races were held at Snowbasin the week of February 24th, along with a couple of days of FIS point races.  According to press reports, this was the most important alpine race series held as Snowbasin since the 2002 Olympics.

An event as significant as the Junior Alpine Championships brings a number of family members, friends and athletes to the Ogden Valley for the first time.  History assures us a number of these visitors, along with those newcomers with Epic Passes, or those just curious about the great press Snowbasin and Powder Mountain have been recently receiving – will start checking out the local property markets.

Real estate sales statistics February for the Valley, Mountain Green, and Ogden Bench areas show markets that are mostly steady, although there were a few decreases and increases across different areas and categories of the numbers.  The median price of single family homes sold in the Ogden Valley dropped from $556,000 to $540,000 and the median price per sq. ft. went from $225.00 to $172.00.  At the same time, the median sales price for single family homes in the Mountain Green area increased from $335,000 to $381,000 and along the Ogden Bench the median sales price went to $263,000 from $239,000.  One month is too short a period to indicate a trend, but the numbers in March will bear watching.

MARKET UPDATE – February 2020

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           57                    7                      110                       $540,000        $172.00

MGSF         22                     7                      42                        $381,000        $116.00

OBSF           48                   34                    39                         $263,000        $121.00

OVC/T         24                     5                     10                         $225,000        $213.00

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