Browsing Posts From: Real Estate News

VIDEO:  The Demolition Ogden’s Wonder Bread Building

August 27, 2018 Posted by: Jeremy Peterson

Big changes are coming to Downtown Ogden’s landscape.  Many acres of downtown are being prepared for new construction.  Watch the video and learn more about these exciting changes.    

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Posted In: Real Estate News

OGDEN RISING:  Before and After Video of a Victorian Make Over

April 24, 2018 Posted by: Jeremy Peterson

Many 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 […]

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Posted In: Real Estate News

OGDEN RISING:  Junction Lot To Be New Family History Library

September 17, 2017 Posted by: Jeremy Peterson

Ogden’s downtown scene continues to develop.  Recently a regional LDS Church official announced the Church’s intentions to build a Family History Library on the corner of 22nd St. and Grant Ave.   Nearly 10 years ago, prior to the real estate market collapse, the lot was moving toward being developed as Ashton Square Condominiums.  I recently had lunch with the former developer and heard the story.  In 2008, the market began to crumble while designs were still being polished on the project.  Up till that point, the building had been […]

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Posted In: Real Estate News

Understanding Ogden City’s Rules For Vacation Rentals

September 4, 2017 Posted by: Jeremy Peterson

A lot of people have asked me recently about the idea of converting their rental property in Ogden City to vacation rental use.  With the proliferation of online venues like AirBNB, it seems that becoming a vacation rental owner is easier than ever.  This year was our first time using the service as customers.  We stayed at a condo in St. George in June and just about two weeks ago we found an impossibly small Victorian Cottage in Leadville, CO while we hiked Mount Elbert.  The service was convenient and […]

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OGDEN RISING:  Derelict Landmark and Seedy Flophouse Slated for Demolition

August 28, 2017 Posted by: Jeremy Peterson

Ogden City recently took action that will make a dramatic change in the landscape.  City officials recently concluded the purchase of the Swift Building, the monolithic edifice that dominates the west end of the 24th Street viaduct.  The former slaughter house has been neglected for decades.  Yet, the area adjacent to the building has seen intense development recently and the acquisition by the city makes room for more development to occur.     The building also sits a stones throw away from the Ogden River kayak park which is currently […]

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Posted In: Real Estate News

ALERT: Newgate Mall Malaise and Looming Job Losses

March 24, 2017 Posted by: Jeremy Peterson

There is trouble brewing among Utah’s retailers and telemarketing businesses.  Recent headlines indicate that some of Weber County’s long standing companies have found themselves on the rocks.  This week Convergys corporation announced closure of its Ogden facility in May.  The facility employs about 300 people in the telemarketing industry.  Most of the rest of Convergys centers in Utah will be closing as well.  Why would the centers be closing?  The cost of labor in Utah cannot compete with other parts of the world.  With telephony technology being so affordable, it […]

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Posted In: Real Estate News

OGDEN RISING: Dee Demolition and Commercial Come-Down

February 18, 2017 Posted by: Jeremy Peterson

Ogden City has been spending a lot of effort to rejuvenate its city center.  There are many buildings that have sat fallow for some time or have run past their ‘best used by’ date.  Fortunately, progress is being made.  Here are a couple examples. DEE SCHOOL     Dee school is an icon in Ogden.  Build in the 1970’s when avant-garde school architecture was in vogue, this school boasted a circular floorplan with no interior walls!  Whoa!  My two oldest children had the opportunity to attend the school when they […]

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SINKING FEELING:  Woods Cross Sagging Foundations and Fortunes

December 21, 2016 Posted by: Jeremy Peterson

  KUTV recently reported on the prevalence of sinking foundations in subdivisions in Woods Cross, Utah just north of Salt Lake City.  Typically, we find foundation settling in areas where water is prevalent or changes in the water table occur.  In Woods Cross, city officials are still trying to figure out what is causing the problem. Meanwhile, homeowners are left in the lurch wondering what to do.  Foundation repairs are very expensive.  Yet, a home’s value becomes questionable if its foundation is constantly at risk of being compromised. Here is […]

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Posted In: Real Estate News

CREEPY REHAB:  When You Buy More Than You Expect

June 16, 2016 Posted by: Jeremy Peterson

While working with some buyers recently we found a home that they like which had recently been renovated.  When we viewed the home, there were various tools scattered about the residence and we knew that they weren’t completely done with the work.  We wrote an offer and asked the seller to make some final repairs to the building.  We thought that the seller had hired crews that came in periodically to do the work. Well, it turns out we were wrong.  The “crews” actually lived on site.  Not in the […]

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June 8, 2016 Posted by: Jeremy Peterson

The housing market is experiencing a dynamic that is off the charts.  Inventory is so low that the days that a home sits on market has reached record low levels.  The most recent reading is that homes sit on the market an average of only 10 days in Weber County (look for charts and analysis in another post to come). These circumstances are putting tremendous upward pressure on house prices.  Several of my recent listings began immediately with bidding wars.  For a seller this is certainly a good thing.  However, it […]

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Posted In: Real Estate News

Signs of A Real Estate Market Top

April 12, 2016 Posted by: Jeremy Peterson

For those of us who have been around for a few turns of the real estate cycle, there are similar signs that mark each market peak.  While exact timing is anyone’s guess, the signs are nevertheless consistent.  Here are a few red flags that tell us that Utah real estate prices are reaching their zenith in this current market run:   Real Estate Guru Ads – Have you heard the ads on the radio from a national real estate guru telling you he has more money than he has real […]

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INFERNO:  The Burning of Historic 566 24th St.

March 18, 2016 Posted by: Jeremy Peterson

I walked into the office this morning to begin work.  After about a half hour I looked out the window and noticed white smoke billowing over my neighborhood. I bolted out the door to see if it was a home of someone I knew. This victorian mansion used to be owned by the Barker family and was originally built by the Eccles family at the turn of the century.  It is located at 566 24th St. in Ogden. By the time I arrived, the fire had worked its way into […]

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Posted In: Real Estate News

HISTORIC RESTORATION GRANT MONEY:  Ogden’s Unit Reduction Program

March 15, 2016 Posted by: Jeremy Peterson

  Ogden has many beautiful historic homes.  However, like many older urban centers, it went through a rough period where these larger homes were converted into apartment buildings.  When Ogden’s economy soured after the rail road industry fell into decline, the viability of these subdivided homes came into question.  Hence, Ogden has been working hard to restore these older homes back into majestic single family homes again. To help homebuyers and owners overcome the financial hurdle of restoring these properties to homes again, Ogden city offers $20,000 per unit that an […]

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Posted In: Real Estate News

The 4 Secrets of Successful Seller Financing

February 25, 2016 Posted by: Jeremy Peterson

  Seller financing is a topic that ebbs and flows in popularity depending on market conditions.  Back in the early 1980’s when mortgage rates hit 18%, buyers were priced out of the traditional money markets and sellers began offering their own financing terms to get their homes sold.  My parents purchased a home this way when I was a young lad during that time.   More recently, the Great Recession saw rates plummet while mortgage lenders went out of business.  Such conditions left willing buyers and sellers flummoxed and wondering […]

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Posted In: Real Estate News

OGDEN RISING:  Scenes of Rejuvination

January 22, 2016 Posted by: Jeremy Peterson

  Ogden continues to be a city in metamorphosis.  Here are a few photos that illustrate the ever increasing investment in Ogden’s Downtown neighborhoods: This victorian home located on the 26th block of Madison Ave. was converted into an unseemly triplex many decades ago. Fortunately, a new owner renovated the property and restored it back to single family use.  Quite a remarkable difference!   I listed and sold this property last year to an investor who wanted to restore this 1880s Victorian building.  The building was abandoned and configured into […]

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