Update - Ogden Valley Home Prices

When comparing Upper Ogden Valley single family home sales transactions for the first two quarters of 2010 vs the same period in 2009, it appears our local market is continuing to form a baseline and may be starting to show signs of life and appreciation after many challenging quarters.

Below are statistics pulled from the Wasatch Front MLS comparing volume, price and price per square foot data for single family home transactions for the first half of 2009 and 2010. Sales volume improved from 16 to 35 untis (+119%) and average cost/square foot increased from $98.29 to $109.82 (+12%). The inventory of homes currently listed remains high, however.

Please feel free to contact me for more information.

John Allaire

Prudential Utah Real Estate - Eden

John@RockyMountainHomes.net

RockyMountainHomes.net

801-745-2619

Month

Count Avg Sold $ Avg SQ FT Avg $/SQ FT Jan-09 2 $351,000.00 1,932 $185.53 Feb-09 2 $485,000.00 6,482 $84.53 Mar-09 4 $363,725.00 3,296 $112.32 Apr-09 4 $291,450.00 3,444 $92.75 May-09 2 $234,944.00 2,501 $93.95 Jun-09 2 $256,500.00 2,443 $105.25 1st Quarter 8 $390,863 3,752 $104.19 2nd Quarter 8 $268,586 2,958 $90.80 1st Half 16 $329,724 3,355 $98.29 . Jan-10 3 $241,000.00 2,700 $110.92 Feb-10 0 $0.00 0 $0.00 Mar-10 10 $277,442.30 2,977 $100.56 Apr-10 6 $545,300.00 4,043 $113.17 May-10 7 $357,142.86 4,585 $86.53 Jun-10 9 $534,277.89 3,774 $130.26 1st Quarter 13 $269,033 2,913 $92.35 2nd Quarter 22 $480,923 4,105 $117.14 1st Half 35 $402,221 3,663 $109.82 % vs 2009 119% 22% 9% 12%