Utah Ski Property News

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Click here for the latest Utah Ski Country Real Estate Comparative Statistics 
for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

Courtesy of: Lisa Karam, CLHMS/RSPS, Associate Broker, Coldwell Banker Realty, and Ogden Valley Real Estate Guide
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READ UTAH SKI PROPERTY NEWS ARTICLES

Hot Seller’s Market in Utah Ski Country Continues Into Fall

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Real estate markets at all Utah Ski Resorts continue to strongly favor sellers, with median sales price and price per sq. ft. at record or near-record highs, while inventory remains low.  Through October, the market has been on a significant upward trend for well over a year, and while there is some variation from resort to resort, no area has been left out.

The Ogden Valley, home to Snowbasin, Powder Mountain, and Nordic Valley, has seen some of the most dramatic escalation in prices.  The recent, long-anticipated announcement by Snowbasin of a major on-mountain expansion, including a hotel, shops, and, at some point, residences – could well add another stimulus for the real estate market in the Valley.

The political situation, Covid, inflation, and action by the Fed, could all have a chilling affect on the resort property market.  But there has been essentially no slow down over the past eighteen months, and all of those factors have constantly made headlines.

Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

Utah Ski Real Estate Market Torrid – But Wide Range in Values

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The real estate market across Utah’s ski country continued on a torrid pace through July, with median sale prices and median price per sq. ft. dramatically up over the past eighteen months…and at many resorts, continuing to rise. 

But there are significant price variations, depending on the resort and location.  On the high end is the Park City/Deer Valley market, where the median sales price in July was $1,425,000 and the median price per sq. ft. was $712.00.  At the opposite end of the price spectrum, Beaver Mountain’s median sales price was $508,000 and price per sq. ft. was $200.00.

The real estate market in the Ogden Valley, home to Snowbasin, Powder Mountain, and Nordic Valley, has had the most dramatic gains over the past year-plus, but still remains a bargain compared to the Park City/Deer Valley area. Median sales price in July was $733,000, and the price per sq. ft. was $298.00.  That’s half of the numbers in the Park City/Deer Valley area.

Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

Red-Hot Real Estate Market in the Ogden Valley Accelerates!!

posted in: Utah Ski Property News | 2

 Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.


THE NEWS  

After setting a record in August of $209.00 per sq. ft., there was another big jump in September to $236.00 per sq. ft. for real estate sold in the Ogden Valley.  The red-hot market continues, with inventory in many property categories scarce.


There are surely a number of factors contributing to the strong real estate market, but the continuing Covid crisis is making resort properties in uncrowded locations highly desirable.  While the increases in the Ogden Valley market are among the most dramatic, the state-wide resort statistics (click on Comparative Stats link above) show strong numbers across the board,


Now available – statistics on single family homes and condos/townhouses in the Ogden Valley, Mountain Green, and Ogden Bench areas.  Click here to go to the Ogden Valley Lifestyle Blog.

Ogden Valley Real Estate at $209.00 Per Square ft. in August

posted in: Utah Ski Property News | 40

Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

THE NEWS  

Real estate sales in August in the Ogden Valley reached a median price per sq. ft. of $209.00.  This is the first time a monthly average has moved above $200 per sq. ft. in the Valley, and reflects the continuation of the strong seller’s market.  The median price includes the sale of single family homes, condos, town houses, and land.

Click on the Comparative Stats page above to follow trends and compare property statistics at all of Utah’s resorts. .

Now available – statistics on single family homes and condos/townhouses in the Ogden Valley, Mountain Green, and Ogden Bench areas.  Click here to go to the Ogden Valley Lifestyle Blog.

Comparative Real Estate Statistics for Utah Ski Country

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Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

THE NEWS  

Real Estate sales are hot in the Ogden Valley, Ogden Bench and Ogden area.  Inventory is down, but prices are still well below other Utah resort areas with comparable skiing (nothing is really comparable to Snowbasin and Powder Mountain)…and without the stunning beauty, major reservoir, and recreational opportunities of the Ogden Valley/Ogden area.

Click on the Comparative Stats page above, and let the numbers confirm what a terrific opportunity owning property in the Ogden Valley/Ogden area is.

Now available – statistics on single family homes and condos/townhouses in the Ogden Valley, Mountain Green, and Ogden Bench areas.  Click here to go to the Ogden Valley Lifestyle Blog.

Comparative Real Estate Statistics for Utah Ski Country

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Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

THE NEWS  Real Estate sales are hot in the Ogden Valley, Ogden Bench and Ogden area.  Inventory is down, but prices are still well below any other Utah resort areas with comparable skiing (nothing is really comparable to Snowbasin and Powder Mountain)…and without the stunning beauty, major reservoir, and recreational opportunities of the Ogden Valley/Ogden area.

Click on the Comparative Stats page above, and let the numbers confirm what a terrific opportunity owning property in the Ogden Valley/Ogden area is.

Coming soon – the same Comparative Statistics broken out by single family homes and condos in the Ogden Valley/Ogden area.

Utah Ski Country Stats – Comparing Real Estate Sales/Facts

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Click here for the latest Utah Ski Country Real Estate Comparative Statisticsfor the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

THE NEWS  Real Estate sales are hot in Utah Ski Country, and inventory is down.  But there are still deals to be found, and a comparison of prices, etc., at Utah Ski Country Real Estate Comparative Statistics.com  is the place to start your search. 

Once you have determined where to find the best deals related to price per sq. ft., median sales price, etc., you should contact a local real estate professional who is highly informed on the area(s) that you would like to explore.  Another popular option is to go to the geographic area or resort you have selected on Zillow, where agents are listed, and rated (per customer reviews and performance).

If you are interested in perusing what are by far the best values along the Wasatch, click on this link.  Snowbasin, Powder Mountain, Pineview Reservoir, incredible scenery, few crowds…and at a fraction of the price per square foot in other resort areas.  Summit Sotheby’s also has information on all available property in Utah Ski Country.



Utah Ski Country Real Estate Deals Vanishing

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Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

Search for Utah Mountain and Ski Resort Real Estate. 

THE NEWS Since the real estate collapse of 2008, there have been a steadily shrinking number of major Utah Ski resort areas that offer extraordinary values on real estate, and those great deals may be coming to an end. 

The Park City/Deer Valley area led the comeback from the recession, with property prices exploding upward within a few years.  Among major ski resort areas, the Ogden Valley, home to Snowbasin, Powder Mountain and Nordic Valley, has been the most resistant to price recovery.  But indications are property values in this mecca of big mountains, abundant powder and uncrowded slopes, may be poised to make a significant leap.

For the past couple of years, the median price per sq. ft. in the Park City/Deer Valley area has moved up and down in the $350 – $400 range.  In contrast, median prices per sq. ft. in the Ogden Valley have been as low as $120 but never above $150 per sq/ ft.  Recently, there have been sales of properties at $200+ per sq. ft.  Sales at lower prices in the Ogden Valley are still keeping the median price down, but the trend seems to be up.

It has long been a puzzle to many why prices in the Ogden Valley have remained so low.  It’s a stunningly beautiful alpine valley with a large recreational lake, two world-class ski resorts with terrific amenities and few crowds, only 15 minutes from Walmart and less than an hr. from the Salt Lake International Airport.  Best bet is a lack of promotion since the 2002 Olympic downhills and super-g’s were held at Snowbasin.  The Valley is a well-kept (and highly guarded by those-in-the-know) secret.  But with more and more national articles heaping praise and the high profile Summit Group purchasing Powder Mountain, the proverbial worm may be turning in terms of property prices.  Great news for sellers; not so good news for buyers.

Consensus opinion is that if Snowbasin ever breaks ground to follow through with their significant development plans, there would be a rush to purchase property in the Valley and prices would escalate quickly.  But Snowbasin’s plans are a well-kept secret that have defied speculation for at least a decade.  Even if they don’t move forward, the Valley real estate market could be poised to explode. Something this good – well, it’s hard to imagine it remaining a secret, and a great deal, for much longer.

April Was A Big Month for Utah Ski Resort Property Sales

posted in: Utah Ski Property News | 0

Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.

Search for Utah Mountain and Ski Resort Real Estate. 

THE NEWS April was a big month for the Utah Ski Resort Real Estate Market.  With a number of areas setting six month highs in units sold, median sales price, price per sq. ft., and fewest days on the market, the upcoming summer sales season could be a hot one.

In addition, Utah’s terrific ski season and snowfall (at least in comparison to the last few meager years) have the lakes and rivers full, the valleys a lush green, and promise a delightful summer for those shopping for property.  As of this writing, Snowbird is still open Thursday through Friday, through the end of May.

Little Cottonwood Canyon, home to Snowbird and Alta, and the Salt Lake City bench areas around the Canyon, saw a six-month high in April in terms of units sold at thirty-one, and a low for median days-on-the-market at eight.  Property sold in the Park City/Deer Valley area reached a six-month high of $502.00 per sq. ft., which is also very close to the all-time high.  There were forty-nine units sold at the Canyons, a six-month high, and the median days-on-the-market dropped to 25.  Big Cottonwood Canyon, where Brighton and Solitude host skiers and riders, saw a six-month high of $369,000 for median-sales-price.

Moving north into the Ogden Valley, home to Snowbasin, Powder Mountain and Nordic Valley, there were also benchmarks in property sales.  The Valley and surrounding bench areas consistently offer some of the best values in Utah ski country.  The median sales price of property sold in April in the Ogden Valley reached a high of $383,000, and did the median price per sq. ft. of $130.00.

The Ogden Bench area and Mountain Green, only minutes from Snowbasin and the Ogden Valley, reached six-month highs in units sold at eighty-six, median sales price of $187,000, price per sq. ft. at $88.00, and a low for days-on-the-market at 19.

Contrast the $502.00 per sq. ft. in the Park City/Deer Valley area with $130.00 in the Ogden Valley area and $88.00 on the Ogden Bench and it’s obvious there is a price point that will fit the pocketbooks of many shopping for property at, or close to, the world-class skiing all of these resorts offer.

The comparative statistics mentioned above, and more, can be perused by clicking here.  These real estate sales statistics are updated monthly

Stay tuned, it should be a great summer sales season for real estate in Utah ski country.