![]() |
|
|
There are as of 10 May 2008, 62 active single family homes on the market with another 12 homes under contract for a total of 74. By calculating what percentage of that total the 12 homes under contract are you know if Riverdale is a buyers or a sellers market.
12 divided by 74 = 16%.
If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.
So Riverdale, UT is currently experiencing a buyer's market.
To find out more about market conditions in Utah just give me a call at 801-540-3825
![]() |
|
|
![]() |
|
Benefiting Primary Children's Medical Center.
$15 entry ($20 after 4/4/2008) includes a free T-shirt which will be available for pickup two days prior to race day. Race will begin at 7:30 AM. Please arrive before 7:15 AM for check-in. T-shirts will NOT be guaranteed for late entrants. Go to the North Ogden Smith's store (2560 N 200 E, North Ogden, Utah 84414) for more details.
![]() |
|
|
By MARSHALL THOMPSON
Standard-Examiner staff mthompson@standard.net
OGDEN - Weber County Commissioner Craig Dearden woke up at 3 a.m. one day last week, thinking about Powder Mountain resort's petition to incorporate as a town to pave the way for increased development.
"I wondered if anyone has ever talked to the Powder Mountain owners about a way to do this without forming a town," he said. "So I got ahold of the owners, and they said they were willing to sit down and talk with us."
After meeting with the resort developers on Monday, Dearden decided to move to table the incorporation petition at Tuesday's commission meeting so negotiations could continue. The commission voted unanimously to hold off on the incorporation request until next month.
Lisa Davis, a Powder Mountain spokeswoman, distributed a written statement about the commission's decision.
"Powder Mountain is hap- py to accommodate the county's request to discuss the resort and the incorporation petition. Over the years, we have always been willing to sit down and discuss both the development plans and now the proposed incorporation with everyone who's asked ... " the statement read.
Commissioner Jan Zogmaister said she was a little surprised by Dearden's motion, but decided it was the right call.
"I thought it was a good move," she said. "I've been troubled with the fact that the residents didn't have a voice up there."
To meet population requirements for a town, the Powder Mountain owners drew their boundaries to include about 100 Weber County residents. Under a controversial Utah law, the future residents of the Town of Powder Mountain do not get to vote on annexation or on the first town council or mayor.
Davis said she did not know if discussions with the county would include voting rights for future residents. But Dearden said he hopes a compromise can be reached in which the developers would withdraw the petition entirely.
The Ogden Valley Planning Commission spent about two years working with the Powder Mountain developers on the project. In December, the commission approved expansion plans for the resort, but did not allow for extra density because of traffic and water concerns. In January, the Powder Mountain owners filed the petition to become a town so it could design its own master plan and set its own density levels.
Jim Halay, a future resident of the proposed Powder Mountain town who opposes the incorporation, said he appreciates what Dearden is doing, but hopes it will be done responsibly.
"I just hope that they don't give away the farm with this," he said. "Because I thought the Ogden Valley Planning Commission did an upright job."
Davis said that the Powder Mountain owners have been willing to compromise in the past. They have promised to pre-pay $750,000 in development fees to get the town running, and to pay a 1 percent transaction fee on all property within the resort to a municipal fund for open space preservation, she said.
But to future Powder Mountain resident Deja Mitchell, it all comes down to voting rights.
"We want a vote on incorporation and a vote on the town council," she said.
The commission also approved a petition from Wolf Creek Resort owner Steve Roberts to opt out of the town. Landowners can remove themselves from the proposed boundaries if they own at least 1 percent of the total land value in the town and if their absence would not form an island. The removal of Roberts' land will not affect Powder Mountain's ability to incorporate.
![]() |
|
|
It appears that even super affordable Ogden is not immune from the credit crunch affecting the housing market nationwide. With an average sales price of $160,238, Ogden is one place that the average family can still afford a home. But a look at the statistics from the WFRMLS shows a real slow down in the market about the second quarter of 2007 when the credit problems began.
But it is not all bad news. Ogden still has a healthy level of homes on the market and homes being closed. There currently is a 8.6 month supply of homes not counting pending home sales. Last month 86 homes sold with 31 of them selling below the $100,000 mark.
Ogden 4th Quarter to 4th Quarter Weber County Comparison
|
| 4th Quarter 2006 | 4th Quarter 2007 | Percentage Change |
| Home Sales Price | $160,238 | $175,273
| 9.38%
|
| Condo Sales Price | $121,510
| $120,195
| -1.08%
|
| Percentage of New Listings Sold | 70.37%
| 43.32%
| -38.44%
|
All data taken from the WFRMLS on 3/5/08
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved