Friday, January 16, 2015

December Real Estate Activity at Utah Ski Resorts Remains Strong

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.

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THE NEWS  Real Estate activity and sales in Utah Ski Country remained relatively strong over December's holiday period, and there are encouraging signs for the months ahead for both buyers and sellers.  

The major markets of the Park City Area, the Cottonwoods and the Salt Lake Bench are still very active with prices that make sellers smile.  But at the same time, the Ogden Valley, home to Snowbasin, Powder Mountain and Nordic Valley, has property and prices available that will make buyers smile just as much.  There are still a number of great deals ready for the taking.

Highlights included the Brighton/Solitude/Big Cottonwood Canyon/Salt Lake Bench areas, where unit sales were slightly up over November and the median sales price jumped from $279,000.00 to $360,000.00.  Units sold at The Canyons were also strong and the median price per sq. ft. rose from $219.00 to $275.00.  By contrast, the median price per sq. ft. in the Ogden Valley was $148.00.  Click here for the complete list of December's Utah Ski Country real estate comparative statistics.

On the development front, most of the news over the holiday period came from the Ogden Valley.  The Summit Group, owners of Powder Mountain, opened a new restaurant, North Fork Table and Tavern, in the building that previously housed Harley & Buck's and the Wolf Creek Golf Course Pro Shop, and they are still dealing with challenges related to whether their development's water requirements and new wells will lower the aquifer that provides water to communities downhill from Powder.  Nordic Valley had their approval for planned condos tabled by the Ogden Valley Planning Commission because the building(s) did not meet height restrictions.