About Weber County, UT

Roy has a lot to offer: variety, convenience, and reasonable housing prices. The home prices have been averaging $164,334 for the last 30 days making it affordable for many first time buyers. The result is that homes in Roy have been moving fast. They have been selling in far less time than the state average of 83 days.

In the Roy area there have been 34 homes sold in the last 30 days. They have ranged in price from $45,000 to $301,000 with an average of 57 days to get sold. Homes under $150,000 are moving at a faster rate of only 49 days on the market compared to homes over $150,000 that are taking an average of 61 days to sell. At the time of this report there were 289 homes for sale in Roy. There is 8.5 months worth of inventory available in Roy making is a slight buyers market.

For more information visit my web site at www.jimmcewen.com or give me a call at 801-686-5550

Compliments of Jared Wangsgard

For more please visit www.jared.pro

Image via Wikipedia

Compliments of Jared Wangsgard - Utah Real Estate Professional

For more market statistics visit my website at www.jared.pro

The whole world has gone bananas! What with the negative media marathon blasts about Wall Street, credit crunch, declining international markets, and the general economy, makes me mad and tenuous about any future in real estate. But this Realtor, (me), took a week off and played in Park City so I could regroup and think about what was really going on.

A few weeks ago, I kept thinking that the media was crazy to spew out that 'home-buyers will not get any loans to purchase (credit crunch) homes,' that 'there is not money available to lend for an automobile' and more! I felt as though I was in a different world here in Northern Utah. "What credit crunch?," I mumbled often. After sweating it out, I reminded myself that Utah is a different bird all together. Here is how it is in my world: 1) Local lenders are operating as 'business as usual.' Sure, some banks have redesigned their loan application criteria somewhat, and rates bobble around, but in general, they are here for the long haul (check out bankrate.com) and want to help stimulate the economy by lending MONEY to those who are legitimate buyers. 2) First-time home-buyers are prime clients because we have good buyer assistance programs to tap into such as Own in Ogden, Home Sweet Ogden, Clearfield Buyer Assistance Program, Teachers Assistance Program and more. 3) Investors are like kids in a candy shop these days. Savvy ones understand the current market conditions (and others' perceptions) and are actively seeking several properties to hold for the next few years. Basics - buy in a down market, sell in an up market. Perception is the key and 'perception is the truth' so I spend time with many clients talking about what is real in this market. We know the real estate market and economy cycles. We have seen these time before (1987) and got through it. In Utah, we are seeing the typical rise and plateaus with home prices, so don't lose focus or go bananas like the rest of the world

Below are the lates home sale stats.

October stats will likely be different, but see what is happening here. The Ogden Valley, zips 84310 and 84317 were the hardest hit, and average prices are down a tad, but home-buyers are still buying!

Homes Sales reported September 2008-No. Davis/Weber Counties

2007 2008

Area Zip Codes # Sold Avg Price # Sold Avg Price

201 84025, 84014, 84010, 84087, 84054 51 $325,579 44 $270,800

202 84037, 84040, 84041, 84405 55 $248, 497 84 $239,235

203 84015, 84016, 84075 96 $215,254 104 $207,531

801 84201, 84404, 84414 88 $191,034 96 $193,541

802 84401, 84402, 84403, 84405, 84408, 84409 77 $181,897 77 $190,337

803 84067, 84315 67 $190,849 52 $175,549

804 84310, 84317 2 $435,000 3 $354,000

901 84018, 84050 11 $267,859 6 $255,666

After several years of decay and deterioration, Ogden Utah is positioning itself as one of the most sought after locations for business relocation and outdoor adventure. The New York Times, Wall Street Journal, and National Geographic have all published recent features about this old railroad city turned recreational hub, all of which can be downloaded on my website utahhomes.cc.

Following the departure of the railroad, the area began experiencing decay and values began to drop as homes buyers began pursuing suburban life outside of the city. Some of the historic homes and been torn down, however the majority of them are still standing strong, although in need of some renovation. Over the past few years several investors have begun purchasing the properties to live in, restoring them inside and out. The majority of the homes in the historic districts have been completely renovated, and improvement is being made to the infrastructure and streets within the city.

Ogden offers a hip urban lifestyle, historic charm, and affordable housing opportunities to locals and investors alike. It is no wonder that Forbes Magazine repeatedly names the city as one of the best places to do business. As a real estate professional focusing on the Ogden area, I spend every day talking to people about the opportunities that exist in this unique community.

Just east of the downtown area there exists a residential community that includes two nationally recognized historic districts, along with a plethora of additional historic mansions, cottages and bungalows; blanketed by 100 year old maple trees with views of the magnificent Ben Lomond Peak and the Bonneville Shoreline.

Downtown Ogden is seeing rapid commercial growth with new developments underway including the Junction, and River Project. In addition, a new passenger rail system is about to open that will offer mass transit from Ogden to Utah’s other urban city, Salt Lake, with trains leaving every 30 minutes.

It will be interesting to see what happens with Ogden’s real estate market. While there is still a tremendous amount of cheap real estate available, prices appear to be on the rise. Ashton Square, a new condominium project downtown, starts at $413,000 for two bedroom 2 bath condos. Additionally, new homes being built in the old neighborhoods of East Central Ogden are selling for as high as 400k.

For more information on the redevelopment of Ogden please visit utahhomes.cc