An estimated 48 new and resale Ogden Utah homes were sold in the entire area last month. The number was down 37.66 percent from 77 in December, and 12.37 percent lower from 55 in January 2010. The decline in sales in between the month of December and January is normal for the season. On a year-over-year basis sales have increased in the past six months until last month in which sales suffered a double digit depreciation.
The median price home buyers paid for Ogden Utah houses they sold last month was $89,950, slightly down by nearly three percent from $92,641 in the same month the year ago, but 5.61 higher compared to the month prior to January median price of $84,900. Including the last month, the median have decreased for 18 consecutive months in year-over-year basis. The peak of the current cycle was $136,000 in July 2008, while the bottom was $98,200 which happened in January 2009.
Homes sold last month stayed on the market for an average of 112 days before they were sold to the new owners, it’s quite longer compared to December which took only 69 days for homes to sold. Meanwhile, homes for sale Ogden UT that went under contact in January was up 9.52 from 114 in December 2010, and 38.89 percent higher from homes that went under contract in January 2010.
Ogden sales spiked in December
The number of Ogden Utah homes sold in December rose over a year earlier for the sixth months in a row. Real estate agents in the area sold a total of 77 new and resale homes last month. That was up from the month before by 5.19 percent and up 31.17 percent from 53 in the same month the year ago, according to the report prepared by the local MLS.
The median paid price for all single-family homes sold in December was $84,900. That was down 17.48 percent from November and down 24.20 percent from the last year median of $129,900. The December’s median was so far the lowest in the record. Also, the year-over-year decline in median was the second highest for the year 2010 only behind 28.44 dropped in median which happened in March.
Another key price gauge that analysts watch, the median price per square foot for existing single-family Ogden Utah houses for sale. Median price per square foot in December was $51.77, down from both the month before and the year earlier which respectively logged median price per square foot of $53.11 and $62.89.
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The real estate in Weber County Utah market is continued to show mixed signs last month as home sales jumped while home prices and new listings fell. In November, closed sales of new and resale single-family homes in the area dropped 12.50 percent when compared to October, but 8.16 percent higher when compared to November 2010, according to the monthly report compiled by the WFR Multiple Listing Service, released last week. Under contract properties were 2.08 percent below the year-ago numbers.
However, the median price paid for all the homes sold last month was $135000, a decrease of 10.27 percent from $150,450 in the same month the year ago. That was also slightly down 3.85 percent from $140,400 in September. The average price for Weber County real estate homes sold in November was $146,296.
New listings or active Weber County homes for sale decreased 20.74 percent year-over-year and down 4.23 percent when compared to the month before. It can be a good sign for home sellers, but it might also reflect a lack of confidence on the part of potential home sellers.
Roy home sales move up in November
Sales of existing single-family homes in Roy Utah area rose year-over-year for the seventh straight months, however prices were continued to depreciate, and November median was marked as the 17th consecutive home price depreciation in yearly comparison.
In November, a total of 38 new and resale single-family homes sold in the area. That was down 15.56 percent from 45 in October, but slightly move up 5.26 percent from 36 in the same month the year ago, according to a local MLS reports which tracks the monthly Roy Utah real estate sales and prices.
The median price paid for all the Roy Utah houses sold in November was $133,250, down 4.48 percent from November’s median of $145,587 and down almost nine percent from the year ago median of $145,587. The median registered last month was the second all-time low on the record behind September of this year median of $130,250.
The median price paid per square foot (an alternative home-price gauge) for single-family Roy Utah homes was dropped to $70.63 last month from $75.23 in September and down 13.05 percent from 81.23 in November 2010.
Home sales in West Haven Utah area rose again after being down for three consecutive months in year-over-year sales comparison. Home prices posted a double digit increase over the year ago, marking the third straight months of median price increase, according to the local multiple listing service WFR.
Total sales of single-family West Haven Utah homes in November was 10, up 40 percent from six in October and up 20 percent from the same month the year earlier with eight. The 20 percent increase in sales last month was the third time for this year and the highest so far.
The West Haven Utah real estate median sales price climbed 35.47 percent to $234,950 from the year ago. Meanwhile, sales of distressed properties such as foreclosure, short sales and bank owned declined three percent.
South Ogden Utah real estate market home sales rose almost 12 percent in October from the same month the prior year, but median sold price plummet for the second month in a row by seven percent in year-over-year comparison.
The MLS data and Utah Association of Realtors reports shows that a total of 17 new and resale South Ogden Utah homes were sold in the area, up from the year ago sales of 15 and went ahead over September’s sales of just 14.
The median price buyers paid for the homes sold last month was $130,000, dropped seven percent from $140,000 in October 2010, but saw an increase of 16.77 percent over September’s median of $108,200. The median last month was below 36.59 percent from the area’s peak of $205,000 in April 2010.
The association reports 18 under contact properties in October, up 33.33 percent from the year earlier. Number of active homes for sale in South Ogden Utah last month totaled at 143.
The number of homes sold in Roy Utah area rose above the year ago level for sixth consecutive month in October. Area’s median sales price edged up from September and posted the lowest decline in year-over-year median comparison, according to the MLS data released last week.
Roy Utah real estate tallied a total of 45 new and resale single-family houses sold last month. That was above 33.33 percent from 30 units unload in September, and up 42.22 percent from 26 units in the same month the year earlier, marking as the second highest sales this year behind June’s sales who got 42.22 percent.
All homes for sale in Roy sold in October have a median price of $139,500, slightly down 1.41 percent over October 2010 which logged a median of $141,495, but was up 6.63 percent from $130,250 in September. It was the third highest median falling behind January and February’s median which respectively registered $149,900 and $149,450 median prices.
Another price gauge analysts are looking at is the price per square foot. The median price per square foot for Single-family Roy Utah homes for sale last month was $75.23, up from $71.73 the month before, but below last year price per square foot median of $79.05.
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Median sales price and home sales in North Ogden Utah area rebounded in October after suffering from a double digit dipped in the previous month, according to the latest data released by WFR multiple listing services. Real estate experts in the area say the outstanding market performance in October is a good sign that recovery is underway.
In October, a total of 18 new and resale single-family homes for sale in North Ogden were sold in the area. The total number of sales last month was ahead 38.39 percent from 11 in August, and registered a higher sales compared to October 2010 with just 12 units sold. In spite of a double-digit gain in year-over-year level for September, still it is far away from its peak of 39 in August 2007.
The median price buyers paid for all single-family homes sold last month was $163,375. That was up 9.72 percent from the prior month and 12.17 percent lower from the same period the year earlier. Last month median of $163,375 was 28.53 percent lower compared to North Ogden Utah real estate median peak which happened on July 2008.
Ogden Utah real estate market posted an equal number of homes sold over the same period the year ago and rose above the month prior to September. The median sales price fell slightly from both September and a year ago level, mark as the 15th consecutive median price depreciation in year-over-year level, based on the data provided by WFRMLS.
October posted a total of 73 new and resale Ogden Utah homes for sale sold in the area. That was similar from October 2010 but down 29.81 percent from September. The Ogden area’s flat sales in year-over-year during October followed annual sales gain in September with 44.23 percent, 14.29 percent in August and 20.24 percent in July.
The median price paid for Ogden Ut homes sold last month was $97,000, down 2.42 percent from $99,410 in September and 13.55 percent below from the same month the prior year. The median in October was 28.68 percent from the area’s peak that reached in July 2008.
Under contract properties the gauge for future sales decrease in October with 73 from 104 in September. Meanwhile, active homes for sale in Ogden Utah or the total area’s inventory of available homes for sale was also down from 157 in September to just 73 in October.
Even though the weather is not good outside, it is still a great day for Roy Utah real estate market. Today, WFRMLS reported that September home sales increased in year-over year levels for the fourth consecutive months, but median price dropped both months over and year-over-year for 14 straight months.
Roy Utah real estate market logged a total of 30 single-family home sales for September, up 13.33 percent from 29 in the same period the year ago, but 9.09 percent below August sales of 30. September median sales price in Roy area was $130,250, dropped 3.63 percent from August, and 6.65 percent lower from $139,525 median in September 2010.
The number of under contract properties stood at 82, up nearly 11 percent from the previous month and about 59 percent year-over-year. Meanwhile, number of active Roy homes for sale or those unsold homes was continue to dipped last month with just 271 compared to 294 in August and 314 in October 2010.
