Lisa’s Market Update – July 2021

Another month of record breaking real estate statistics

Rather than showing any signs of slowing, the red-hot real estate market in the Ogden Valley, Mountain Green and Ogden Bench areas reached new highs in June in the key statistics of median sales price, median price per sq. ft., and median days on the market.  The most eye-popping numbers were along the Ogden Bench and in the Ogden Valley.

Median price for single family home sales along the Ogden Bench area jumped to $392,000, up from $325,000 in May.  The median price per sq. ft. climbed to $185.000 from $169.00

In the Ogden Valley, median sales price reached a record $917,000 and median price per sq. ft. also increased to another record, $278.00, up from $271.00 in May.  Median days on the market dropped to 19 from 30.

July?  Low inventory, lifestyle migration, strong overall economy, etc. – all the dynamics are still in place to indicate the seller’s market will continue its’ long, upward trajectory.

MARKET UPDATE – June 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          28                      19                       19                    $917,000        $278.00

MGSF          8                        5                         7                      $680,000       $202.00

OBSF          27                      62                       6                       $392,000       $185.00

OVC/T         5                        6                        11                      $625,000        $311.00

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