Ogden, UT Real Estate News

By Peter Twain
(Progress)
 NEW VINYL WINDOWS, CARPET, TILE, HARDWOOD FLOORS AND MORE THIS RENTAL PROPERTY IN FULLY RENTED AND CASH FLOWING IT JUST NEEDS A NEW OWNER. SELLER MOTIVATED WILL DO POSIBLE SELLER CARRY WITH A DOWN, BRING ALL OFFERS! To directly access this property, use this shortcut: http://www.fizber.com/utah-buy-duplex-triplex-multi-family-home-12602885.html
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As predicted the Infrared Home Inspection phenomenon has caught on in Utah.  Fewer and fewer real estate agents are feeling good about recommending the old school "peek and poke" flashlight and clipboard "visual only" home inspector while being surrounded by all of this state of the art technology.  Our business has tripled this year-hence the third Utah inspector. The most powerful flashlight in the world simply cannot look behind walls, ceilings and floors. It just takes one unhappy buyer that moves into their new home and later discovers a hidden plumbing leak or missing insulation that their "legacy" inspector could not discover visually. Once the buyer finds out that Infrared Cameras would of found the hidden defect they want to know why the choice of an infrared home inspection wa...
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
* Only 19% of the current single family home MLS listings are under contract * 8% of those listings under contract are "short sales" * At least 36% of the listings under contract are vacant * The median price of the listings under contract is $123,500 * The median price of active listings is $139,900 * There is an 13.3% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home Source: Wasatch Front Regional Multiple Listing Service
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By Jim McEwen
(Keller Williams Success Realty)
The home prices in Ogden have been averaging $127,620 for the last 30 days making it affordable for many first time buyers.  The result is that homes in Ogden have been moving and have been selling in less time than the County average.  In the Ogden area there have been 92 homes sold in the last 30 days. They have ranged in price from $22,000 to $403,000 with an average of 89 days to get sold.  Homes under $250,000 are moving at a rate of 87 days on the market compared to homes over $250,000 that are taking an average of 135 days to sell.  At the time of this report there were 779 homes for sale in Ogden.  There is 8.47 months worth of inventory available in Ogden making it a slight buyers market, but not like it was when there was a year's worth of inventory.   For more information vis...
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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By Cache Valley Homes Cornerstone Real Estate
(Cornerstone Real Estate Professionals)
Cornerstone is just steps away from opening doors to a new real estate brokerage in Weber County. We should have everything ready by the middle of October. Cornerstone Real Estate Professionals started with just two agents at the beginning of 2008. It is now the largest, and highest producing real estate office in Cache Valley Utah. Our growth here didn't happen because we are good recruiters, It happened because we have a good thing going on. We are looking for FULL TIME experienced agents who reside in Davis and Weber County (Our new office will be conveniently located in South Ogden) who want to take their business to a new level. Some of the things Cornerstone Real Estate Offers Include: Real Estate Leads - We're not just talking about an occassional lead, we're talking about daily ...
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By Alan Barker
(Boomerang Leads)
78 less homes were sold in Ogden, dropping about one quarter.  Median sold price slipped just $750 but average sold price slid about $11,000.  Ogden Real Estate has 8 months of inventory and 675 active listings.  Ogden homes continue to be some of the cheapest around and are currently listed around the mid 100's.
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By Alan Barker
(Boomerang Leads)
Cornerstone Real Estate Professionals offers a fast and efficient way to search MLS listings of homes for sale in the Ogden, Utah area at their site RealEstateinOgden.com. The site provides a simple and user-friendly interface that allows an interested homebuyer to search all listings in a given city in the Ogden, Utah area. From Willard to Clearfield Utah Real Estate, home searchers can view all Realtor Listings with accurate updated information.  The site provides Google maps for the entire Ogden area that show exactly where all the listed homes are located.  Scrolling over each home on the map displays a picture of the home for sale and also information for the specific home including listing price, home features, and square footage.  Clicking on the home gives more detailed informat...
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By Alan Barker
(Boomerang Leads)
100 less Ogden homes were sold, dropping 37% when comparing with the first quarter of 2008.  166 homes sold over the first quarter of 2009.  There are 13.28 months of active inventory and 735 homes currently listed which is pretty normal for the area right now.   Sold price increased a few percent.  Median sold price of homes in Ogden rose 2.86% and average sold price is up 9.03%  
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION                    Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.     We are seeing the risk indictor move from High to Medium range.  This still is NOT a good time for those with low and/or no risk tolerance to purchase.  A strong case can be made that those who are looking for a home for their family with plans to stay long term.  Why not buy now?  Especially if the numbers make sense, i.e. Owning vs. Renting.  Even, if the market retracts more (which is extremely likely) in...
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION                    Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.     This is NOT a good time for those with low and/or no risk tolerance to purchase.  A strong case can be made that those who are looking for a home for their family with plans to stay long term.  Why not buy now?  Especially if the numbers make sense, i.e. Owning vs. Renting.  Even, if the market retracts more (which is extremely likely) in the future.  Between the coming market bounce and future normal cycle ...
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By Alan Barker
(Boomerang Leads)
Like many other cities in Weber County, Ogden saw an increase in median and average sold price. Median price increased from $120,000 to $126,000 and average sold price increased from $132,704 to $138,026. Ogden homes are among the most affordable in Utah, even when they are overpriced by 10% like they are currently.  There are 7.66 months of active inventory and 763 active listings. These numbers are not official.
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.  On a year over year, YTD comparison currently (15.57) % of new listings are being sold.         SUMMARY  Currently we are not seeing the needed positive price action (along with other indictors) to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing. For more details or just to chat about market conditions please feel ...
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Yes, Ogden is ranked #11 in the nation as "Best Places for Business & Careers."  If you want to read the full article, please follow the link below: http://www.forbes.com/lists/2007/1/07bestplaces_Best-Places-For-Business-And-Careers_Rank.html  
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By Alpine Real Estate
(Alpine Real Estate)
CITY OF OGDEN, UTAH Own in Ogden is an Ogden City, a Utah Municipal Corporation program designed to increase home ownership in specific targeted neighborhoods. Persons buying primary residence homes in the overall Own in Ogden Target Area (see map) can qualify for a $3,000 zero interest, deferred payment, declining loan to assist with that purchase. Specified Target Neighborhoods receive $5,000 loans (see page 2). Income qualified, sworn Ogden City Police Officers and Ogden City Fire Fighters receive $10,000 loans when buying a primary residence within the overall target area. Own in Ogden loans can only be used at the time of closing for down payment, closing costs, or, if funds are remaining, a principal reduction toward the first mortgage loan. Own in Ogden funds are available on a ...
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Real Estate in Ogden is the least expensive for urban areas of Northern Utah. The 2008 median price of homes sold in Ogden is $125,000, nearly half of the Northern Utah median average sold price of $212,000. One of the big real estate problems with most of Utah is the huge surplus of high end homes. Ogden has very few "high end homes" but it still may be struggling from the fact that the average Ogden listing is still substantially  more expensive than the average price people are willing to pay for Ogden Homes. At the beginning of July, Ogden had 841 active MLS listings. This includes homes, condos, and occasionaly a mobile home. These listings had a median price 20% higher than the median sales price.  At the second quarter sales pace of 115 homes sold each month, it would take 8 mont...
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By Dana L Thompson, Let My Experience make your experience Great!
(Coldwell Banker South Ogden)
It's like Wall Mart out there! Prices are falling but not drastically. I think Agents are becoming more realistic about initial pricing of listings. Seems like the prices are not starting so high and stabalizing the Market a bit. Lately I have noticed that there is less of an area spike for price points. Meaning that in the 140k area the homes all seem to be within the bounds of the price range. This is nice because prospective Sellers who as we all do think our home is better than the ones on the market, dont get caught up in the pricing. This is a fun and changing market in the Greater Ogden area and I LOVE it. My activity as increased with buyers and sellers so not so much time on my hands for seminars. I did go to the By Referral Only 2 weeks ago and I live by that philosiphy.After ...
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By Denise Regan
(Keller Williams - Ogden, Utah)
I am often asked why I love real estate.  Well that can be hard to answer because just like most of you my needs have changed as time went on and goes on.  I have tried other fields of employment and I like working with people best, helping them with their needs or dreams of home ownership.  I love to go into homes not just prospecting for properties because that is what Real Estate Agents do, but because I love styles and architecture.  I also love decorating.  Some of my favorite homes are those that are historical or considered art because of the designer.  I like homes that have a simple flair the best for my own personal living style, but in California I loved the homes built by Ole Hansen.  I have had the pleasure of walking into a home build by Frank LLoyd Right.  Those homes whi...
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It appears that even super affordable Ogden is not immune from the credit crunch affecting the housing market nationwide.  With an average sales price of $160,238, Ogden is one place that the average family can still afford a home.  But a look at the statistics from the WFRMLS shows a real slow down in the market about the second quarter of 2007 when the credit problems began. But it is not all bad news.  Ogden still has a healthy level of homes on the market and homes being closed.  There currently is a 8.6 month supply of homes not counting pending home sales.  Last month 86 homes sold with 31 of them selling below the $100,000 mark.  Ogden 4th Quarter to 4th Quarter Weber County Comparison     4th Quarter 2006 4th Quarter 2007 Percentage Change Home Sales Price $160,238 $175,273   9...
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By Natalie Larsen, Associate Broker, ABR, GRI, ePRO
(Market Edge Real Estate)
 Due to the Pipeline break in the Ogden Canyon - we have certain areas you can go to for assistance:  If you need or know of anyone in need of a shower please go to: •1)        Gold's Gym, Marshall White Center, Mt. Fort Middle School, and Highland Middle School. Anyone in need of flushing toilets please go to: •1)         3rd and Tyler, Mt. Fort Middle School, and Horace Mann Elementary.  Red Cross will have bottled water at Horace Mann Elementary -   If you know of any Senior Citizens in need of help - please call or have them call the City's help line 399-HELP.  Thank you   Leah M. StoneExecutive Assistant to the CAO  Office of the Chief Administrative OfficerOgden City Corporation2549 Washington Blvd., Suite 914Ogden, Utah 84401Ph:801.629.8101Fax: 801.629.8123leahstone@ci.ogden.ut.us  
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