The real estate market surge even higher in August with property values increasing an whopping 17.5% year over year and increasing at a white hot 2.1% month over month pace. Sales volumes were up over 5% and it only took homes on the market 9 days to go under contract on average. This is a very strong monthly report. Utah’s unemployment rate is below 5% already which translates into a labor shortage again. If you are a thinking of selling your home, call me at 801-390-1480 and lets find out […]
... Read MoreOgden, along with much of Davis and Salt Lake Counties, experienced an epic wind storm the day after Labor Day with 60mph gusts and mayhem that followed. We went for a walk around the neighborhood to document some of the damage we saw and took some video during the clean up over the following days.
... Read MoreI just closed on the sale of this nicely finished brick rambler located in Syracuse, Utah. The home is located in a subdivision constructed in the mid 1990’s. The home boasts 5 bedrooms, 3 baths including a mother-in-law apartment in the walk-out basement. The home was originally listed for $455,000 on April 21st during the lockdown. The price was dropped to $445,000 in mid-June. In mid-July my clients noticed this home and we viewed the property. The home checked off all the boxes for them and we submitted an […]
... Read MoreWe just closed on the sale of this unique 5 bedroom 4 bathroom property located at 1606 Mountain Road near the Ogden River. The home has been a rental property for the past 7 years and we have managed its upkeep and care during that time. The most recent tenants vacated and the owner determined it was time to liquidate the property. Unfortunately, the tenants left a mess to cleanup as their family situation deteriorated in a disorderly dissolution. It took several thousand dollars to bring the home back up […]
... Read MoreWe just closed on the sale of this Ogden mid-century rambler that we listed in July. The sale was fast. We put the home on the market on July 15th at a price of $215,000 or nearly $210 per SQFT.. Within two days we had about 12 showings. Three offers appeared by the end of the second day. Our first offer was for $215,000 with an escalation clause taking the buyers up to $217,000 in needed. Our second offer was for $215,000 and asking for $3,000 in closing cost concessions. […]
... Read MoreWe just listed this exciting investment opportunity located at 336th St. in Ogden. The property is a Victorian home that has been subdivided into three separate unit. Each unit is separately metered for electric and gas utilities. Up to four off street parking stalls are available. The structure is over 2500 SQFT with a minimal .08 acre lot for easy landscaping upkeep. The property has immediate access to the Ogden River Parkway and is walking distance to all of Ogden’s exciting downtown amenities. We have manged the building for […]
... Read MoreBroker Jeremy Peterson explains the unprecedented surge in house prices in Weber County Utah and reveals what is happening behind the headline housing numbers.
... Read MoreInteresting news from the Department of Housing and Urban Development as Ben Carson announces that the Affirmatively Furthering Fair Housing rules dictated in 2015 will no longer apply to those receiving HUD grants. The announcement came as I was with Sally who was selling me sea shells by the sea shore. So what was this tongue twisting HUD rule to begin with? For starters, it forced cities like Ogden to identify patterns in government programs and market dynamics that produced a specific barrier to minority populations in procuring affordable […]
... Read MoreIn what may be a strange twist of irony, Logan-based Cache Valley Bank has purchased and plans to renovate the historic 12-story Wells Fargo building located at the corner of 24th St. and Washington Blvd. in Ogden. The Wells Fargo building went vacant in 2006 and has since changed hands several times as one investment group after another was unable to muster the courage and/or financing to bring a restoration project to fruition. Fortunately, Cache Valley Bank has the funds and experience to do […]
... Read MoreThanks to Ron Pippin and Taylor Archibald with Cardinal Mortgage for hosting me on their Agent vs. Lender Podcast. We discuss property management, current real estate market conditions, Ogden history, talk about historic homes, tell war stories, and more. Check it out.
... Read MoreWe just listed this cute mid-century rambler located at 1044 Oak Street in Ogden. Sitting on a low traffic street accompanied by quaint turn of the century homes, this house sits on a sizable .20 acre lot. Mature trees and a fully fenced back yard provide privacy and shade. The home hosts 3 bedrooms an 1 bathroom in a 1,025 SQFT footprint. Updates have been made throughout the home. If you are interested in a private showing, call me at 801-390-1480 and we will get you in […]
... Read MoreWe recently closed on the sale of this mid-century home located on the east bench of Brigham City for our buyers. The home was built in 1962 with a split-entry configuration and a mid-century motif. The structure is 2,500 SQFT with 5 Bedrooms, 2.5 baths, and sits on a .26 acre lot. Our shopping experience began in May when we found this home listed at $289,900. Our initial offer was $280,000 and asking for $5,000 in closing costs. The sellers balked at this and requested a full price offer. After […]
... Read MoreWe recently performed our first eviction in over a year. It was with a tenant we inherited from a less diligent property manager. Walk with us through the property as we illustrate a potent object lesson in tenant screening and explain how Utah’s eviction process was convoluted by the April shutdown.
... Read MoreIts been an interesting month! Check out the wild swings as the market wrestles with current events.
... Read MoreWe are excited to present this affordable duplex property located in Ogden’s Historic East Central Bench neighborhood. Found at 2032 Jefferson Ave, this building was constructed in the 1890’s during Ogden’s emergence as an economic and cultural powerhouse. The home was subdivided in the early 20th century into two one-bedroom units and has served that use since then. The building is 1,251 SQFT and sites on a .13 acre lot with a fully fenced yard and large driveway. The roof was replaced and siding installed in 2008. The […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | jeremy@vesta-real-estate.com