Home > Ogden and Ogden Valley Real Estate Market
Spring 2020 Market Update
Home Prices can vary substantially based on the extent of updating especially on existing and older homes. It is not uncommon to see the $/SF within the same locations vary by 100% for similar homes which have undergone complete renovations versus ones that are original and dated. A complete market analysis is necessary including a physical inspection of the subject property to better determine its overall condition and quality and ultimate market value. Entry level priced homes especially those which are move in ready often see multiple and competing offers thus driving prices higher. Continued lack of supply to meet our growing demands further pushes the entry price point for homes including rents higher.
Average Sold Home Price: $300,000

Average Time on Market: 10-30 days

Best Selling Price Range: $250,000 - $299,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: No Change

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Salt Lake City

Contact Information
Robert Matasic
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Mortgage Rates for Apr 6th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Robert Matasic Robert Matasic
PPC Residential Division
Specializing in Ogden and Ogden Valley Real Estate
968 Chambers Street Suite 5
South Ogden, Utah 84403
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Robert Matasic for current Ogden and Ogden Valley, UT market conditions before acting on this information.)
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