May turned out to be a very interesting month with Northern Utah real estate values declining in Spring in a meaningful way for the first time in 7 years. Learn more about what is happening in the market and why things might be changing in the future.
... Read MoreWe just listed this amazing historic home located at 2255 Jefferson Ave. in Ogden, Utah. The home is 3860 SQFT, has 6 beds, 2 and 3/4 bath and located close to all the great amenities, entertainment, and recreation that Ogden has to offer. The video is a MUST SEE. There are too many good things about this home to list here. Go ahead and take a look for yourself. If you are looking to purchase a home in the Ogden area, CONTACT ME, and let’s see if this amazing […]
... Read MoreA buyer’s worst nightmare is the prospect of purchasing a home that has hidden damages. We witnessed this as the owner of a newly purchased home asked us to manage their property for them. As they made some home improvements, they discovered that not everything was as it seemed at the surface. Here is a must watch video that every potential home buyer needs to watch before they start shopping for a home. If you are thinking of buying a home in the Ogden area, CONTACT ME, and let’s […]
... Read MoreHouse Prices have been increasing dramatically for a long time now. Many people are asking when things will change. I took a deep dive into the market data and came up with some surprising answers. Check out the video and see if you agree with me on why and when I think a change in our current market dynamics will occur.
... Read MoreMany of Ogden’s homes are receiving a much needed make over. I thought we would take a moment to showcase a this Victorian home as a prime example of the great work going on in the neighborhoods to gentrify and revitalize some tired homes. Enjoy this video of 2524 Madison Ave. that was completely remade on the interior in 2015. The story behind this home is full of twists and turns. It was purchased by a local investor in the mid 1990’s who held on to it […]
... Read MoreWe were recently hired as new management of a unique 8-plex property. The building is located in the heart of downtown Ogden’s Trolley District neighborhood. This art deco gem was recently remodeled by the owner. The work included ripping the roof off and gutting the property down to the studs and more. Hence, the property has been completely rebuilt and produces top market rents for units of similar size. Each unit is 1 bedroom 1 bath and about 550 SQFT a piece. The owners have recently made some […]
... Read MoreWhile house prices have increased a solid 10%-15% for the past three years in a row, rents have been lagging behind. But, recently it appears that rents are starting to feel the pressure that house prices have been feeling for some time. During the past several years, rents have only increased about 5% per year on average. Let’s keep in mind that lower quality units increased very little and the top quality units could justify bigger increases. Right now, though, it appears that rent pressures are affecting all units […]
... Read MoreAs an experienced real estate investor and real estate broker, the current flip frenzy going on in our market has caused me to worry. As a proud survivor of the Great Recession (i.e. Great Housing Depression of 2008-2012) today’s market activity is giving me flashbacks to the crazed buying fever that dominated 2007. While today’s market is fundamentally much healthier and less risky than it was in 2007, there are some unhealthy aspects of today’s market that threaten buyers particularly. The issue at the forefront of my mind right […]
... Read MoreWhile we had been working diligently on our basement, we decided to take a detour and focus on a craftsman kitchen remodel. We are nearly done and we want to share some of the results and and how we did it. To learn more about how we turned this kitchen into a gem, check out the video:
... Read MoreThe Ogden real estate market continues to sizzle. It has been so hot for so long now that memories of a buyer’s market have faded into the realm of myth and legend. But, seasoned agents like me can tell you, this won’t last forever. So, when exactly will a change come? Its anyone’s guess. In the meantime, we can look at these charts and get a sense for where we are in the market cycle. This chart shows the average time that a home sits on the market before […]
... Read MoreWe recently finished the pouring of concrete in our historic craftsman home basement. The job was intense and required scores of hours of labor to complete. In the video you can see how the forms were set up and what the footings and concrete floors look like freshly after the pour. Enjoy!
... Read MoreWe just took over property management responsibilities for this property located at 1688 Wildcat Ln. located high on the east bench in Ogden near Weber State University. The property is currently being renovated and the basement will be ready for lease in early June. The owner has asked us to lease the property for the next several years as they prepare to retire to the home from their current residence out-of-state. We welcome our newest client! If you need property management services, CONTACT ME, and let’s see what […]
... Read MoreWe just closed on the sale of this fully renovated cottage located on Ogden’s East Bench. The home is located at 2202 Taylor Ave. and experienced a top-to-bottom remodel. We originally listed the property for sale on December 8th for $264,900. The sellers were aggressive in their list price and wanted to test the market. After a week of quiet, we dropped the price $15,000 to $249,900. At this new price point we began to get regular showings. On the 8th of January, we dropped the price again to $244,900. […]
... Read MoreI just closed on the sale of this amazing Victorian home located in the up and coming Lorin Farr Park district of Ogden. This Victorian diamond in the rough was constructed in 1897. The home is 1192 SQFT with a cellar basement space. The current configuration is 2 Beds and 1 jack-and-jill style bathroom. There is also an addition to the rear of the home that appears to have been constructed in the 1930’s./ The home was originally listed in October 2017 […]
... Read MoreIt took two months but the basement floors were finally excavated and lowered a foot. The job required 1300 Cubic Feet of earth and concrete be removed by hand and lifted out of the basement via bucket. Plumbers were called to remove the old cast iron pipes and replace them with new. Take a look as we walk you through the project at its current stage in anticipation of the next phase. You can watch the first episode of our adventure HERE. In the meantime, look for more […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | jeremy@vesta-real-estate.com