Lisa’s Market Update – March 2021

February saw real estate sales statistics in the Ogden Valley continue the hot, upward trend of the past nine months.  But a big jump in inventory in single family homes along the Ogden Bench could mean that market is beginning to slow.

The price per sq. ft. for single family homes in the Ogden Valley jumped from$248.00 to $287.00, an all-time high.  Little more than a year ago the number was consistently below $200.00.  Median days on the market in the Valley dropped to 38 from 179, a strong indication of scarce inventory driving prices.  Sales of condos and townhomes in the Valley also showed statistical increases.  The median price per sq. ft. was $275.00, up from $267.00, and median days on the market dropped to an eye-popping 1 in February, from 3 in January.

Mountain Green single family home sales dropped from 39 median days on the market to only 10 days, while the median sales price rose to $918,000 from $870,000.

Most sales statistics for single family homes along the Ogden Bench stayed strong, even though the inventory jumped from 11 properties for sale in January to 28 in February.

MARKET UPDATE – February 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          24                    10                       38                       $710,000       $287.00

MGSF          5                       2                       10                        $918,000       $228.00

OBSF           7                     28                         8                        $304,000       $158.00

OVC/T         4                      8                          1                       $436,000        $275.00

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