Current Trends Indicate Bottom of Market for Ogden Valley Utah

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