CHARTS:  Signs of the Times

January 14, 2019 Posted by: Jeremy Peterson

The numbers are in for December as we finally close the book on an interesting 2018.  Numbers for the last month of the year show that the market is beginning to move in a new direction for the first time in 7 years.  But first, lets take a look at the big picture…   This is our long standing historical record for real estate transaction volume in Weber County over the past 22 years.  The gray bars represent monthly sales.  The red line represents the 12 month moving average.  You […]

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Posted In: Research

FOR SALE: Cute Remodeled South Ogden Rambler

Posted by: Jeremy Peterson

I just listed this nicely remodeled rambler located at 4055 Madison Ave. in South Ogden.  The home was constructed in 1958 and sits on a beautiful lot that is wooded, private, and has a creek running through it.  The floor plan of the home is unique in that it has two separate living spaces.  The upper area has three bedrooms and a mother in law apartment in the basement has two bedrooms.  The basement space is accessible from door on the back patio.     The home is large with […]

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Posted In: New Lisitngs

2019 Dueling Housing Forecasts

Posted by: Jeremy Peterson

The Northern Wasatch Association of Realtors recently held its annual Economic Forecast Breakfast at the Davis Conference Center in Layton.  As has happened in previous meetings, the Kem C. Gardner Policy Institute at the University of Utah presented their best guesses as to what would happen in the housing market for 2019.   A couple years ago I attended the summit and they predicted that house prices would go up about 10% for that year.  I didn’t believe them.  But they were right.  House prices did the same thing last […]

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Posted In: Research

UNDER NEW MANAGEMENT: Downtown Ogden Fourplex

January 5, 2019 Posted by: Jeremy Peterson

We are excited to be tapped by a local real estate investor to manage their Ogden fourplex located at 2206 Adams Ave.  This building is composed of four one bedroom units and located close to shopping, transportation, entertainment and more.  We look forward to keeping this property operating at peak performance for both the owner and tenants. If you are looking for someone to manage your rental property, CONTACT ME, and let’s discuss how we can make owning income property a lot easier for you.

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Posted In: Property Management

CHART: Reaching Peak Expensive

December 18, 2018 Posted by: Jeremy Peterson

Utah’s housing shortage and affordability crises has been making headlines for the past year or so.  In April, I explained why I thought December of 2018 might be the turning point for affordability in the housing market.  At the time, I suggested that home values would top out around $125/SQFT if mortgage rates reached 5.5%.   We aren’t there yet…but we’re close.  Today rates are at 4.87% and homes in Weber County are valued around $123/SQFT.   You can see how those figures, combined with inflation, have shown up in our […]

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Posted In: Research

JUST SOLD!  Bountiful Mid-Century Cottage

December 6, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this listing in Bountiful.  The home was listed on October 30th for $309,900.  Shortly after the listing we received abundant interest in the property.   The first offer we received was from first time home buyers.  They offered $275,000 and asked for $5,000 in closing costs.  That offer was much to low for our clients and we countered them at a higher price.  Meanwhile, we received a second offer from a property owner behind the home.  His offer was at full list price […]

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Posted In: Sold Listing

FOR SALE: Historic Callie E. Cave Home

November 27, 2018 Posted by: Jeremy Peterson

We are excited to announce our newest listing located at 2202 Adams Ave. in Ogden.  This home was renovated in 2015 and given another 100 years of life.  Watch the video montage of interior photos and learn some fun facts about the original owner of the home. The Weber Heritage Foundation also did some research on the original owner of this home.  Here is her bio: In the early 1900’s this Weber County home belonged to Carolyn “Callie” Edith Cave. Callie was born in 1854 in Ohio, married her husband, […]

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Posted In: New Lisitngs

VIDEO: Before and After of an Epic Ogden Renovation Project

November 23, 2018 Posted by: Jeremy Peterson

Renovating homes is hard work.  While everyone appreciates a perfect kitchen or bathroom, not many realize what it takes to get a dumpy home looking good again.  So, I thought I would look back at this year’s epic renovation performed in the Spring of 2018 by loyal and hard working clients. Kudos to all the hard working real estate investors out there who care about their craft and do the job right.    

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Posted In: Local History

CHART:  The Real Estate Market Shift Begins

November 16, 2018 Posted by: Jeremy Peterson

The real estate market moves in cycles.  For the last several years, many of us in the industry have been waiting for the market to reach its top and then move in a different direction.  The ebb and flow of the market is as natural the sun rising and setting, although, it is much less predictable.  But, despite the difficulty in predicting timing, we can spot signs along the way that tell us what is happening and where we are in the cycle.   Today’s chart shows us that we […]

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Posted In: Research

JUST SOLD!  Ogden Mid-Century Cottage

November 1, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this property located at 2374 Eccles Ave. in Ogden.   The home was listed on the market for $184,900 on in early August.  In mid-August the price was dropped to $180,900.   Our clients took some interest in the property as they were looking for a rental property to fit into their portfolio.  After viewing the home, we felt that it would be an excellent fit for what our buyers were hoping to accomplish. We placed an offer of $180,000 and asked the buyers […]

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Posted In: Uncategorized

VIDEO:  Unpleasant Surprises in Northern Utah Real Estate

October 29, 2018 Posted by: Jeremy Peterson

While the scene in the Northern Utah real estate market is healthy looking, underneath it is experiencing a severe case of vertigo. Watch as I dissect the market with the latest charts and graphs. I illustrate how local home builders may be in big trouble as first time home buyers continue to wither on the vine.      

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Posted In: Uncategorized

FOR SALE: Bountiful Mid-Century Cottage

Posted by: Jeremy Peterson

We just listed this well kept mid-century cottage located in a quiet area of Bountiful on 1400 South. Located at 46 E. this home boasts 2028 SQFT with 1014 SQFT on the main level and a full basement below.  The basement is  90% finished.  The home has 4 bedrooms and 2 bathrooms and sits on a spacious .28 acre lot.  Detached from the home is a two car garage and ample room for parking in the driveway. This home is an estate sale and is ready to be made into […]

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Posted In: New Lisitngs

JUST SOLD! Rare Two-Story Victorian Cottage

October 16, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this cute two story Victorian cottage located in Ogden, Utah.  We listed this property in mid-September for $134,900.  The home has 1400 SQFT above grade and a very low ceiling basement space of about 300 SQFT. Immediately upon listing the property we were deluged with showings and received a total of six offers.  Interestingly, three of the offers were just above the list price while three others were near the $160k price point.  The bifurcated price points was very interesting to observe.  The […]

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Posted In: Sold Listing

JUST SOLD! Downtown Ogden Cottage

October 8, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this cute vintage cottage located just a stone’s throw from bustling downtown Ogden.  This home was listed on September 6th for $125,000.  Our client expressed interest in the home and was using cash to make the purchase.  We offered $128,000 in a multiple offer situation and our offer ultimately prevailed over the others.   This particular home is petite with just 896 SQFT on the main level and configured with only two bedrooms.  However, the interior had been upgraded nicely.   Congratulations to […]

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Posted In: Uncategorized

JUST SOLD! Victorian Era Ogden Duplex

October 4, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this starter investment property located at 2032 Jefferson Ave. in Ogden.  The property is an 1890’s home that was subdivided into two 1 bedroom units.  The property was listed for sale for $129,000 on account of the property’s old age and its very small size at just 1250 SQFT.   We received five competitive written offers on the property and several verbal low-ball offers.  The highest offer received was $140,000.  No showings were permitted on this property on account of the tenants who […]

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Posted In: Sold Listing

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