Mid April Update - Ogden Valley / Park City Real Estate Comparison

As of mid-April 2007, the 12 Month Moving Average Sales price was $613,000 for Summit County (Park City) and $421,000 for Ogden Valley home and condo transactions. Another useful statistic is Sales Price per Square Foot. As of mid-April 2007, the 12 Month Moving Average $/FT2 was $262 for Summit County vs $166 for the Ogden Valley. In other words, the cost per square foot in Ogden Valley is running 37% (this difference was 35% in mid-February 2007) lower than the Park City area. The average size of a typical home/condo purchased over the previous year was 2274 Square Feet in Summit County and 2571 for Ogden Valley.

An apples to apples comparison, separating condo and home sales for the two areas is in the chart below.

Go to this link to see a comparison chart for the 2002-2007 time period http://rockymountainhomes.net/market_analysis.htm

I would be happy to answer any questions regarding Utah real estate. Please send inquiries to info@RockyMountainHomes.net