The Ogden Valley was packed with skiers, boarders, families and friends over the holiday season. Combined with some especially positive media about Snowbasin, Powder Mountain, the Summit Group and their development – the result is a lot of folks interested in property, and those buying in January are paying prices that, in some categories, are setting new records.
The median price per sq. ft. for single family homes sold in the Ogden Valley in January, although there were only three sales, soared to $225.00. Condos and townhomes in the Valley also increased in price per sq. ft. to $214.00 from $211.00. Single family home sales in the Mountain Green and Ogden Bench areas also remained strong.
The upward trend in prices and corresponding lack of inventory continues in the local real estate market. Sellers should be encouraged. Stay tuned to see what the beginning of the new decade will bring!
MARKET UPDATE – January 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 61 3 216 $556,000 $225.00
MGSF 27 8 32 $335,000 $130.00
OBSF 52 45 49 $239,000 $120.00
OVC/T 14 4 85 $423,000 $214.00
For comparative real estate statistics for all Utah ski resorts, click here.