Lisa’s Market Update for September 2020

 

The real estate market remained on an upward trend in the Ogden Valley, Mountain Green and the Ogden Bench in August.

One of the issues contributing to the continued strong market is a lack of inventory.  An example – the Ogden Valley had only nine condos and town homes for sale in early September.

Other notable numbers rising in August were sales of single family homes in the Ogden Valley that jumped from 19 to 30, median sales price that went to  $662,000 from $575,000, and medial price per sq. ft. that was up to $181.00 from $179.00.  Condo and town home sales in the Valley went from 4 units to 11 units.

Median price per sq. ft. for single family home sales in the Mountain Green area was $159.99, up from $139.00.  Days on the market dropped from 34 to 11 – again, evidence of a lack of inventory.  Along the Ogden Bench, median price per sq. ft. for single family homes was $136.00 up from $130.00.

With Covid still a significant threat and constantly in the news, property in areas without the congestion of major cities are attracting a lot of interest – in particular the Ogden Valley.  There is widespread thought that even after the pandemic subsides, many more individuals will be able to work from remote locations, as the efficiency and cost savings have become obvious.  If that is the case, the strong real estate market in our area would have an additional stimulus well into the future.

MARKET UPDATE – August 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          44                    30                      34                       $662,000       $181.00

MGSF         10                     10                      11                        $386,000       $159.00

OBSF           26                    66                     16                       $316,000       $136.00

OVC/T          9                     11                      104                      $300,000      $238.00

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

   

Protecting the Ogden Valley from Excessive Development

Although I am a real estate broker, I am committed to preventing the excessive development, often in the wrong locations, that has resulted in the congestion and construction blight in numerous other resort communities.  Guarding against over-development will ensure that we, and future generations, continue to enjoy what we all recognize as the unique, wonderful “Ogden Valley Lifestyle.”

One of the most effective ways to control development, while giving owners of farms, open land and iconic properties a viable financial option to selling, is for a community, non-profit organization, to purchase and hold conversation easements.  Master plans, zoning ordinances, even laws, are open to revision, repeal, and the political whims of officials.  Once a conservation easement is finalized, the property is protected in perpetuity.  If the property is occupied, the owner (often generations of the same family) will always be able to stay on their land.

Since 1998, the Ogden Valley Land Trust has acquired 6,000 acres of conversation easements for landowners who wish to protect and preserve their property while retaining ownership.  This considerable acreage will forever be shielded from development, while preserving scenic view corridors, wildlife habitat, watershed and agriculture uses, and the history and culture of our beloved Valley.  The organization is constantly working to locate, and protect, additional properties.

Land Trust Sign

Jensen-Fowers Farm, Huntsville

The Land Trust is also looking for those interested in doing their part to preserve the extraordinary beauty and lifestyle of the Ogden Valley.  If you’re interested, check out their website.

 

Lisa’s Market Update for August 2020

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.

   

Rare Huntsville Town Building Lot

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Just Listed! This Rare Huntsville Town building Lot

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Street View

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Just listed!

This gorgeous property is a rare find in the lovely, idyllic town of Huntsville, in the heart of the spectacular Ogden Valley. Build your dream home on this flat lot, located near the town square and all the recreational opportunities the Valley offers. Snowbasin and Powder Mountain Resorts are minutes away, and arms of Pineview reservoir extend into Huntsville Town. The ¾  acre lot faces west, has a picture perfect cottonwood tree gracing the back of the property, and will accommodate a generous home with plenty of space for horses.

Click HERE for more property Details

Ogden Valley Dining Options Continue to Grow

Over the past few weeks, a number of new dining options have become available in the Valley.  Combined with those establishments already open, the options are significantly improving.

The always popular Pizza and Pints, on Thursday evenings at the Bower Lodge, is again operating.  No longer a buffet, friendly and efficient wait staff serve the same delicious pizzas, wings, salads, etc,. to your outdoor table, or well-spaced indoor seating.  Reservations are suggested.

The coffee bar at the Bower Lodge is serving brunch Thursday thru Sunday, 8a.m -2 p.m., and the Sky Lodge at Powder Mountain is once again hosting the intimate, community dinner series Toast to Trails that always seem to sell out.  On Wednesday and Friday evenings, 6-8 p.m.-there is now more of a picnic format on the large deck, but with the same renowned, spectacular views of the Wasatch range and Great Salt Lake at sunset.  Beer and wine are available.  Reservations are a must.

The outdoor grill at Wold Creek golf course is now serving a limited menu until 8 p.m.

The Saddlebag Saloon is not only open for food service and beer, but they are once again featuring a quality lineup of live music.

i.d.k. Barbecue has recently opened on the square in Huntsville, and early reviews are excellent.  Limited indoor seating, outdoor seating and takeout are all available.  i.d.k. has operated a highly successful, similar barbecue restaurant in Tropic, Utah, just outside Bryce Canyon National Park, since 2014.

As the economy and more businesses have re-opened, there has been a significant increase in the cases of Covid 19 in Utah, and to a lesser extent, in Weber County.  Stay diligent in your efforts to protect your family, friends and yourself, and hopefully we’ll all get through this difficult time sooner rather than later.

I continue to be careful and cautious when I show property.  I always wear a mask, and have masks, gloves and hand sanitizer for anyone who does not when they arrive for a showing.

For the latest, detailed information on the Coronavirus and testing sites in Utah please visit these websites:

coronavirus.utah.gov

coronavirus testing information/sites in Utah

cdc.gov.coronavirus

 

Lisa’s Market Update for June 2020

The real estate market in the Ogden Valley, Mountain Green and Ogden Bench areas saw some wild swings in selected aspects in June, and the majority of the movement indicates a continuing upward trend.  In other words, it’s still a seller’s market.

In the Ogden Valley, there was only 1 sale in the condo/town home category, which skewed the median numbers.  The median sales price decreased from $470,000 to $287,000, but the median price per sq. ft. increased from$182.00 to $261.00.  There were six single family homes sold in June in the Valley, offering more meaningful median prices.  The sales price increased to $620,000 from $485,000.

In the Mountain Green area, the single family median sales price jumped to $610,000 from $521,000 and the price per sq. ft. from $134.00 to $163.00.

Single family homes sold along the Ogden Bench showed an increase in median price per sq. ft. from $123.00 to $135.00.  The number of sales took a dramatic spike upward from 47 in May to 73 in June

 

MARKET UPDATE – June 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          59                     6                     168                       $620,000       $170.00

MGSF         18                     15                      49                       $610,000       $163.00

OBSF           27                    73                      10                        $248,000       $135.00

OVC/T         23                     1                       69                         $287,000      $261.00

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

   

Snowbasin, Powder Mountain Open for Summer Season

As the economy and more businesses open back up, there has been a significant increase in the cases of Covid 19 in Utah, and to a lesser extent, in Weber County.  Stay diligent in your efforts to protect your family, friends and yourself.

Please wash your hands a lot, wear a mask in congested public spaces, practice social distancing, etc.,  and hopefully we’ll all get through this difficult time sooner rather than later.

I continue to be careful and cautious when I show property.  I always wear a mask, and have masks, gloves and hand sanitizer for anyone who does not when they arrive for a showing.

For the latest, detailed information on the Coronavirus and testing sites in Utah please visit these websites:

coronavirus.utah.gov

coronavirus testing information/sites in Utah

cdc.gov.coronavirus

With Snowbasin and Powder Mountain now open for limited summer activities, there are many recreational opportunities available in the Ogden Valley.  

Snowbasin and Powder Mountain are open for hiking, biking, and limited food and beverage service.  Both resorts are working diligently to provide the safest environment possible in this summer of Covid…while allowing folks to get back out responsibly and pursue their favorite warm weather recreational activities.

Wolf Creek golf course is open, Pineview Reservoir is teeming with boaters, paddle boarders, and folks fishing, as is Causey Reservoir.  Tennis courts and pickle ball courts are available, and restaurants are offering outdoor seating.  Musicians are beginning to play in outdoor settings.  The Ogden Valley is a good place to be right now.  Hopefully we can keep it that way.

 

 

 

Lisa’a Market Update for May 2020

The real estate market in the Ogden Valley, Mountain Green and Ogden Bench areas remained strong in May, with only a few dramatic changes in specific statistics in certain areas, and many remaining fairly constant.

The largest jump in prices was the median price of condos and town homes sold in the Ogden Valley, which went from $224,000 in April to $470,000 in May.  Only 3 units sold in each month, so a large rise or decline in the average is less meaningful than months when more units sold.  The median price per sq. ft. of those 3 units sold dropped from $225.00 to $182.00.  The median sales price of single family homes in the Valley, based on 10 units sold, dropped from $552,000 to $485,000.

Single family home sales in the Mountain Green area showed an increase in median sales price from $405,000 to $520,000.  Days on the market, across all geographical areas and types of property, remained low, a strong indicator of a vibrant market and low inventory.

MARKET UPDATE – May 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           60                   10                      39                       $485,000       $171.00

MGSF         27                     12                       7                        $521,000        $134.00

OBSF           42                    45                    13                         $303,000       $123.00

OVC/T         36                     3                      57                         $470,000      $182.00

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

   

Eden Horse Property Overlooking Pineview Reservoir

 

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An Uncrowded 4-Seasons Resort Community…in a Spectacular, Rural, Alpine Setting…20 Minutes to the City and 50 to an International Airport

This is your opportunity to live the renowned “Ogden Valley Lifestyle”…in the heart of Ogden Valley.  Spacious, 4700 sq. ft. home with acreage, horse barn, sport court, stunning views, directly across from Pineview Reservoir and boat launches.  Just 15 minutes to Snowbasin and Powder Mountain ski resorts, and 5 minutes to a spectacular golf course, hiking and biking trails.  An idyllic, uncrowded resort community with a rural feel, but only 20 minutes to all a city of 90,000 has to offer, and another 30 minutes to Salt Lake and its’ international airport.   

Through the wall of windows in the great room and dining room, look across magnificent vistas of the lake and Wasatch peaks.  Maple hardwood floors on the main, 4 fireplaces, expansive, wrap-around deck, 5 bedrooms/2 with en-suite baths, spacious 4 car garage, 5 stall-barn, tack room and outdoor riding area, RV and boat parking.  Your own resort area compound…ideal for families or couples…will let you become a part of the beauty, unlimited recreational opportunities and warm, welcoming residents of the Ogden Valley.