Lisa’s Market Update – November

The real estate market again remained strong through October in the Ogden Valley, Mountain Green and Ogden Bench areas, with only a few small percentage drops in sales statistics from what has been an exceedingly hot market through the summer and early fall.  However, there is significant uncertainty as the winter ski season approaches…around how the dramatic Covid increases in Utah and resulting  resort restrictions could affect visitors, skier days, and the real estate market.

Traditionally, people come to ski at one or more of the Valley resorts, like what they see, and decide to look at property.  They may start investigating the market while they are here, or after they leave.  A lot of transactions that occur in the spring or summer result from interest and research that started during ski season.

This season could bring two forces acting on the market from different directions.  Due to Covid, there could be fewer out-of-town, out-of-state visitors who become interested in real estate…but at the same time the trend toward people wanting to own property in less congested settings could positively impact the market.

MARKET UPDATE – October 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          38                    14                      50                       $692,000       $198.00

MGSF          7                       5                        5                        $470,000       $148.00

OBSF          23                    49                       9                       $285,000       $146.00

OVC/T          4                     10                     89                       $353,000       $233.00

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