Conventional wisdom aside, the real estate market in the Ogden Valley, Mountain Green and Ogden Bench areas continues to be strong with stable or rising prices. This trend has existed since the early days of the Covid pandemic and an acknowledged recession, and shows no signs of slowing down.
The more dramatic increases in the July statistics over June were in the Ogden Valley, where units sold went from 6 to 19, the median price per sq. ft. jumped to $179.00 from $170.00, and median days on the market took a precipitous drop from 168 days to 28. Sales of condos and town homes in the Valley jumped to 4 from 1, and the median sales price went up from $287,000 to $405,000.
Statistics in the Mountain Green area show a strong market that remained fairly stable from June through July, although the median days on the market did drop to 30 from 49.
Along the Ogden Bench, median sales price took a big jump from $248,000 to $345,000.
MARKET UPDATE – July 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 40 19 28 $575,000 $179.00
MGSF 12 19 30 $555,000 $139.00
OBSF 23 62 9 $345,000 $130.00
OVC/T 19 4 87 $405,000 $242.00
For comparative real estate statistics for all Utah ski resorts, click here.