Eden, UT

Although $/FT2 is not a perfect measure, this metric provides a good view of the market overall, and helps to identify trends. Listed below is annual data providing a historical snapshot of the Ogden Valley condominium real estate market. A large percentage of recent sales in 2009 are distressed, meaning many are short sales, REO or bank-owned properties.

Year AVG $/FT2

2000 $104/FT2

2001 $106/FT2

2002 $114/FT2

2003 $102/FT2

2004 $145FT2

2005 $173/FT2

2006 $232/FT2

2007 $245/FT2

2008 $198/FT2

* January - March 2009 $137/FT2

* April - June 2009 $154FT2

* July - September 2009 $171/FT2

* October 2009 (5 Condos sold to date) $177/FT2

Please don't hesitate to contact me if I can answer any questions or provide additional information.

Thanks,

John Allaire

Prudential Utah Real Estate - Eden

I wanted to provide an update to the information I posted back in July regarding the status of the Ogden Valley real estate market. The results of the last few months continue to support what I feel represents a bottoming, and new baseline for the Ogden Valley real estate market.

Although $/FT2 is not a perfect measure, this metric provides a good view of the market overall, and helps to identify trends. Listed below is annual data providing a historical snapshot of the Ogden Valley real estate market. As you can see, the period 2002-2004 serves as a good baseline, when SFH home sales prices were very stable. A large percentage of recent sales in 2009 are distressed, meaning many are short sales, REO or bank-owned properties. This is a good test for any real estate market.

Year AVG $/FT2

2000 $90/FT2

2001 $78/FT2

2002 $85/FT2

2003 $84/FT2

2004 $89/FT2

2005 $110/FT2

2006 $150/FT2

2007 $150/FT2

2008 $154/FT2

* January - March 2009 $134/FT2

* April - June 2009 $93/FT2

* July - September 2009 $93/FT2

* October 2009 (10 SFH sold to date) $104/FT2

Please don't hesitate to contact me if I can answer any questions or provide additional information.

Thanks,

John Allaire

Prudential Utah Real Estate - Eden

Just my opinion, but I believe the Ogden Valley (Eden, Liberty, Huntsville) single family home market has finally reached the bottom. I base this on several months of what appears to be support on a $/FT2 basis.

I typically use 2004 as the baseline year, and recent home sales (since April of 2009) have been running very close to that baseline.

Following is a rundown since 2000. Figures below represent home sales on a $/FT2 basis for the full calendar year:

Year $/FT2

2000 $90.16

2001 $78.22

2002 $85.21

2003 $83.99

2004 $88.82

2005 $109.72

2006 $150.25

2007 $150.32

2008 $154.06

*2009 $91.64

* April 1, 2009 through July 19, 2009

I have monthly sales statistics and graphs to back this up if anyone is interested.

Thanks,

John Allaire

Prudential Utah Real Estate - Eden

Although the excellent video segments from "UTAH LIVING WITH FIRE" and "Firewise Landscaping For Utah" (links below) were produced and designed for Utah, these are an excellent source of information for anyone living in what is referred to as the "wildland-urban interface", especially those of us who live in the western U.S. The video segments total over an hour of worthwhile information to help all of us better understand what each of us living "in nature" should be doing to minimize the risk of losing our homes (and our neighbors' homes) to wildfire. Most important... this is something all of us should be doing to help the firefighters, police, and other professionals who devote their careers and lives to keeping us all safe!

Video Segments - "UTAH LIVING WITH FIRE":

http://planning.utah.gov/super/Video%20Pages/Living_With_Fire.htm

"Firewise Landscaping for Utah" (PDF):

http://extension.usu.edu/forestry/HomeTown/HO_Firewise.htm

www.RockyMountainHomes.net

John@RockyMountainHomes.net

Welcome to Eden, Utah settled in 1859 and aptly named by hired government surveyor, Washington Jenkins, for being one of the most beautiful sites he had ever seen thus suggested the biblical Eden. Situated in Ogden Valley (including the towns of Liberty and Huntsville) it is surrounded on all sides by mountains with the sparkling Pineview Reservoir's north shores in its boundary. This small mountain community sits at an elevation of approximately 5000 feet and is surrounded with world class outdoor adventures. With only 3500 residents, it remains quaint and quiet with Ogden only 15 minutes away and Salt Lake City is less than an hour drive.

Home to some of the world's best powder skiing, Powder Mountain Resort sits 8 minutes north of "downtown" Eden. With a unique layout, skiing actually begins near the top of the resort skiing down to lifts. Powder Mountain receives an average annual snowfall of 500 inches per year (this is natural snow!) The resort doesn't make any artificial snow and offers snow cat and helicopter skiing. Cross country skiing is available in North Fork Park with more than 20 kilometers of groomed trails (also good for skate skiing). All levels of skiing are available including lessons and local mountain guides. Wolf Mountain (formerly Nordic Valley) was purchased by Wolf Creek Utah and began several improvements including snowmaking allowing for a much longer ski season. The parking lot is now paved (big news) and offers surprisingly affordable ski passes. Snowbasin resort is located in Huntsville, Utah but was host to the 2002 Olympics and is one of the most fabulous resorts in North America and is only 20 minutes from Eden.

The town has everything you need but not a bit more including a post office, coffee shop, dentist office, chiropractor, orthodontist, 2 restaurants (soon to be 3), grocery store, gym, golf course, lake, 2 banks,hotel, ski/bike shop and a gas station. Small but great with trails, wild life, rivers and lakes with amazing night skies. Eden proves to be one of those rare gems left with friendly people and beautiful surroundings.

If you have interest in Eden Utah Real Estate visit http://www.mountainluxury.com

More to come on Eden...