October 2019 experienced the typical drop in units sold and listed during what is one of the “shoulder” seasons. In this case, the month prior to the beginning of the holidays, the opening of Snowbasin, Powder Mountain and Nordic Valley, and the crowds that will soon begin to flood into the Ogden Valley.
But overall the market remained strong, with median sales price and median sq. ft. price remaining relatively high. As an example, the median sq. ft. price of single family homes in the Ogden Valley was $184.00, which is still well above the price in this category a year ago, and only a slight drop from the $186.00 price in September. Condominiums and townhouses in the Valley increased to $240.00 per sq. ft. from $228.00 in September.
If the ski season gets off to a good start, visitors will begin to pay attention to various property categories as they visit the Ogden Valley, Mountain Green and Ogden areas. The pattern is familiar. They are taken with the beauty, recreational opportunities and lifestyle, the relatively low prices, and they start investigating what is available in the real estate market.
MARKET UPDATE – THROUGH OCTOBER 2019
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 59 13 112 $490,000 $184.00
MGSF 30 5 49 $318,000 $138.00
OBSF 87 47 24 $230,000 $122.00
OVC/T 13 3 27 $273,000 $240.00
