Get the latest charts and graphs showing Utah’s remarkable real estate market trends. Broker Jeremy Peterson offers a break down of current market dynamics and how buyers and sellers are adapting.
... Read MoreThe Stone Hill subdivision in Ogden has completed build out. What was once the site of the 1970’s dystopian concrete bunker version of Dee Elementary school is now a new neighborhood of avant-garde two story hamlets. With tile exteriors and geometroid porch awnings, the eclectic construction has been popular among buyers seeking refuge in Ogden’s historic urban center. Since this project was city sponsored and list prices were derived from both market forces and government administrative rules, a lottery system was used to determine the lucky buyers who would be […]
... Read MoreChange within the real estate market is slow moving. But its impulses can be felt even if the ultimate outcome is in the distance. This month we share the the lastest charts and graphs and some of the interesting dynamics at play. Some indicators run contrary to what we would expect to see in the current market. Find out which ones those are and what we can expect in the future. If you are in the market to sell your home, be sure to give me a call at […]
... Read MoreBroker Jeremy Peterson offers a deep dive into current Northern Utah market dynamics with plenty of charts and analysis to boot. Have questions about the market? Comment below or give Jeremy a call at 801-390-1480
... Read MoreThe bulk of July sales data is in and the trend is looking very interesting this summer in Weber County real estate. While current price per square foot is significantly higher than July of last year, the month over month figures appear to show a flattening in price increases. I will have a video update in mid-August after CPI figures are released. But just a casual first glance at this chart tells us that we are at an inflection point in the market. Will price per square foot drop? Is […]
... Read MoreThe real estate market is reaching extremes that are unsustainable. Is a price collapse eminent? No. But other discomfort might be. Find out what might be coming.
... Read MoreHere is the latest market update with the best charts and graphs you will find for our market. A lot of energy in the market right now. Check it out!
... Read MoreIts been wild watching the market movements happening over the past several months. This month is no exception!
... Read MoreThe market is doing some strange things with prices soaring and sales slumping. Meanwhile, homes under contract appear to be going missing. What’s going on? Find out!
... Read MoreThe past 12 months were like nothing we have seen in Northern Utah in over 25 years. Here is a video explaining what made 2020’s real estate market so wild and crazy. If you want to find out what your home is worth in today’s market, give me a call.
... Read MoreHouse prices have been on a tear for years now along the Wasatch Front. New construction is in high demand as housing supply has not kept up with population growth. Since land prices are a component of the cost of new construction, I thought it was time to take a look at the value of lots in Weber County and see how they were trending. Here is today’s chart on this subject: This chart represents the price per acre of residential lots sold in Weber County from 1995-2020. The […]
... 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 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 MoreListing inventory of homes for sale has been a persistent problem for buyers over the past several years. While the pattern of available homes follows a predictable seasonal cycle that troughs in the winter and peaks in the summer, some years are better or worse than others. Today we want to look at a chart that illustrates the severe drought we are facing in Weber County when it comes to homes on the market for sale. Let’s take a look. This information comes from the MLS and […]
... Read MoreLast year the University of Utah’s Kem C. Gardner Policy Institute made some predictions about the direction of the housing market. Meanwhile, we made our own. Here is how things turned out: 2019 Predictions: Weber County House Prices KGPI : +10% Vesta: +3% What Actually Happened: +10.1% Sales Volume KGPI: +4% Vesta: -5% What Actually Happened: +1.5% Last year we thought that increasing interest rates would put a sag into sales and cap prices somewhat. Our predictions failed as interest rates surprisingly dropped back to historic lows. This year the housing […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | office@vesta-real-estate.com