Eden, UT Real Estate News

By John Allaire, Recreational Property Specialist
(Destination Properties)
Standard.net Live Article:  http://www.standard.net/live/news/139831/ Commission approves Powder Mountain township OGDEN - Expressing both reluctance and anger with what they called a "bad law" that required them to do it, the Weber County Commission approved formation of a Powder Mountain township Tuesday morning.The commissioners, obviously frustrated at having no power in that decision, flexed their muscles on the next step: Approval of the town's mayor and council.Representatives of Powder Mountain gave the commissioners a list of one mayor and five council members, the minimum needed to form a commission.The commissioners declined to approve the list, saying the law allows them to select "from a list," not to rubber stamp a list. The commissioners asked Powder Mountain representati...
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By Alan Barker
(Boomerang Leads)
The Eden Real Estate market has taken the extremes. While it was one of the hottest areas a couple years ago, it is now ice cold. Almost nothing is moving in Eden, and it has more inventory per Q2 sales than any other city in Utah. Currently there are 165 residential homes for sale in Eden. During the first half of the year, only 30 MLS listings actually sold. In the second quarter, 16 homes sold, and at the pace of 5 homes sold a month it will be nearly 3 years before the present supply of inventory is exhausted. The median price of homes listed for sale is $419,000. The median price of homes that have sold this year in Eden is $383,000. Unless some economic factors dramatically change soon, the Eden real estate market will be slow for a while so hold on tight.
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Organic Square Foot Gardening Seminar Spring is in the air and the outdoors is calling. Embrace the beginning of the planting season with Mountain Luxury and Square Foot Gardening at the Ogden Amphitheater at 11:00 am on Saturday, May 10th. Free to the public, enjoy learning the secrets to simple organic gardening without weeding in a space as small as 4 feet by 4 feet. Receive the knowledge that has made this the largest selling gardening book ever including using only 20% of the water compared to conventional gardening methods. Invented and written by local Eden resident, Mel Bartholomew, this is a great opportunity for the community to enjoy the secrets of a hometown success in their own gardens. Regardless of the soil type, square foot gardening is blossoming because of an ideal soi...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
 By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net    OGDEN - Weber County Commissioner Craig Dearden woke up at 3 a.m. one day last week, thinking about Powder Mountain resort's petition to incorporate as a town to pave the way for increased development.    "I wondered if anyone has ever talked to the Powder Mountain owners about a way to do this without forming a town," he said. "So I got ahold of the owners, and they said they were willing to sit down and talk with us."    After meeting with the resort developers on Monday, Dearden decided to move to table the incorporation petition at Tuesday's commission meeting so negotiations could continue. The commission voted unanimously to hold off on the incorporation request until next month. Lisa Davis, a Powder Mountain ...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
STAY TUNED!!!‘Powderville Six' to take on ski resort over vote By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net     EDEN - As the Powder Mountain developers' petition to form a chunk of the Ogden Valley into a town moves forward, future residents are taking matters into their own hands.     A group of 40 voting-age residents met Friday to elect their own ad hoc council. Darla Van Zeben, Deja Mitchell, Jim Halay, Ryan Bushell, Layne Sheridan and Norman Belnap are the six people who will unofficially represent "Powderville," which is a nickname for the residential neighborhoods that were drawn into Powder Mountain Town without a vote.     "We agreed to work together on tactics and plans and report back to our residents," Halay said. "We elected a group to speak for us."...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
The future of Powder Mountain, and the entire Ogden Valley is at stake.Regardless how you may feel about the bill that passed the Utah House and Senate in late 2007 (allows easy incporporation of a township with no vote required by those who find themselves within the township boundary, circumventing the county planning and zoning approval process), I recommend you subscribe to "The Ogden Valley Utah Forum" by clicking on this link: http://ogden-valley.blogspot.com/, then provide your email address under "For Email Updates, Subscribe Below" box.  In addition, if you feel strongly about allowing development to proceed at more reasonable density levels, I strongly recommend you sign the petition link on this same website.The ultimate decision around allowing the new Powder Mountain owners...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net    OGDEN - Powder Mountain owners released the results of their privately commissioned feasibility study Friday showing the ski resort could become a viable municipality if the developers provided cash upfront.    If Western America Holding, LLC, coughs up $750,000 for its proposed town government, there would be no need to levy an additional municipal property tax or telecommunication tax on the residents, the study said.    "Assuming creation of a fund from prepayment of development fees, there is adequate funding to allow the newly incorporated town to operate through the end of Fiscal Year 2012," the report read. "If resort development does not begin in 2009 as planned, there will be adequate time for the Town Counc...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
Ski resort going to town? Powder Mountain developers find alternative for expansion By MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net     OGDEN - Powder Mountain ski resort may soon become Powder Mountain Town - developers filed paperwork Friday with the Weber County clerk to incorporate as a municipality.     The action could allow resort developers to move ahead with plans to expand into a massive four-season resort in the Ogden Valley without going through the county planning commission.     Last month, after months of workshops and public hearings, the Ogden Valley Planning Commission voted in favor of the resort's rezoning proposal, but attached almost 20 conditions that limited the density of the development and required secondary access roads.     Powder Mountai...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
By Kristen Moulton The Salt Lake Tribune 1/18/08The owners of Powder Mountain Ski Resort, frustrated with delays in securing permission for a 4,400-acre rezoning, this morning filed a petition with Weber County to incorporate as a new town.Scott Doughman, one of the owners, said in a news release that the law allowing incorporation ensures the resort's property rights are fairly represented in local government.The resort last month wrested endorsement for the rezoning from the Ogden Valley Township Planning Commission, but there were many strings attached. The Planning Commission, for instance, wants the owner to essentially build a second road into the resort.The Weber County Commission had expected to take up the proposed rezoning this spring.Powder Mountain's new owners want to trans...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
In an effort to provide skiers and riders with the most accurate snow condition information possible, Ski Utah lists elevations for the base, summit and snow report stake location of each resort below. In general, snowfall totals will be greatest at the summit and decrease with elevation.   SKI CONDITIONS   RESORTUPDATEDNEW 24HRNEW 48HRBASERUNS OPENLIFTS OPENSTAKE ELEV.MTN CAMAlta Ski AreaBase: 8530'Summit: 10550'1/10/0819"27"107"112/1167/79664'Comments: Resolve to ski more! Utah Winter Games race at Alta on Saturday 1/12. Visit alta.com for details.Beaver Mountain Ski ResortBase: 7200'Summit: 8800'1/10/089"15"70"30/305/58000'Comments: Come Ski The Beav!Brian Head ResortBase: 9600'Summit: 11307'1/10/081"7"54"65/658/810300'Comments: We've received a total of 30" of new powder over the pa...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
It was northern Utah's turn this past week.  Ogden Valley's three ski areas (Snowbasin, Powder Mountain and Wolf Mountain) each received feet of much needed snow this past week, and more is on the way.  The Ogden Valley is a buyer's market for real estate, so now is a great time to look for excellent deals on single family homes, condos and land.  Since the peak of 2006, we have seen some significant price reductions across the board. If you would like trend data on the northern Utah real estate market, give me a call or send me an email and I'd be happy to provide you with some information.  In the meantime, come on out and enjoy the greatest snow on earth!Below are links to snow reports for Ogden Valley's three ski areas:Powder Mountain: http://www.powdermountain.net/Snowbasin: http:/...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
Ogden Valley commission OKs rezone Powder Mountain developers must meet 15 conditions B Y MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net    OGDEN - The Ogden Valley Planning Commission voted Monday to approve a rezone application for Powder Mountain Resort - but only after setting 15 conditions and capping density at current levels.    Five commissioners voted for the rezone, and two did not vote. Jim Banks was absent, and Jamie Lythgoe abstained.    Several Ogden Valley residents had complained that Lythgoe had a conflict of interest because her family, the Cobabes, originally owned the resort and retained 213 acres within Powder Mountain boundaries.    On Monday, Scott Mendoza, a county planner, reported that Powder Mountain developers included the Cobabe's 213 acres...
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Publication:Standard Examiner; Date:Nov 30, 2007; Section:Front Page; Page Number:1ABY MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net     OGDEN - The Ogden Valley Planning Commission set down a list of conditions Thursday that Powder Mountain developers would have to meet before getting approval for a massive rezoning.     One of the conditions stipulated by the commission was the creation of a second, permanent, all-season road to the resort. Currently, only one two-lane road from the Ogden Valley services the Powder Mountain area.     The resort covers about 8,000 acres in Weber and Cache counties. The proposed rezone would allow for 805 singlefamily homes, 2,090 multiplefamily units, 500 hotel rooms, 11 corporate retreats, a 60,000-square-foot recreation center, a 4...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
Article in Salt Lake Tribune on 10/13/2007 Deal Deadline Looms for Powder Mountain Projectby Arrin Newton Brunson, Special to the Tribune  Last Updated: 10/13/2007 02:49:12 AM MDT LOGAN - Time is running out for investors who began the process more than two years ago to turn Powder Mountain resort into a four-season luxury development.     The project involves plans to develop 7,960 acres of resort property, which straddles the Cache/Weber county line, six miles north of Eden in the Ogden Valley and 19 miles northeast of Ogden.     But Cache County Attorney George Daines insists that Western America Holding Co.'s time is up. Oct. 31 is the expiration date for the company's third six-month extension in an effort to secure a development agreement from the county's Development Services Dep...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
September 26, 2007 Article in Standard-Examiner, Written by Marshall ThompsonOgden Valley rezone on hold ‘Field trip' to Powder Mountain may reveal traffic, safety problems B Y MARSHALL THOMPSON Standard-Examiner staff mthompson@standard.net    OGDEN - The Ogden Valley Planning Commission tabled until Oct. 23 a proposal to rezone property at Powder Mountain Resort so commissioners could have more time to visit affected areas.    The rezone, which was considered during Tuesday's planning meeting, would allow about 1,400 more units in the area, said Commissioner Keith Rounkles.    "This is a big change," he said. "We're going to have to take our time and consider this."    Some Ogden Valley residents at the meeting said they are happy that the rezone was tabled. Members of the Valley Citi...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
Single Family Home and Condo sales statistics for the Ogden Valley (Snowbasin / Powder Mountain / Huntsville / Eden /  Liberty) and Summit County (Park City / Deer Valley) are shown in the chart below.  Average # days on market (DOM) for the 90 day period ending 9/11/2007 decreased for both SFH and Condos in Summit County, while the Ogden Valley market saw DOM increases for both housing types.  In the Ogden Valley market, SFH and condo sales volume and price per square foot held steady compared to the previous 90 day period, while Summit County held steady in all areas except a decline in the number of condo units sold.  The Ogden Valley market may be establishing a baseline after experiencing declines in $/FT2 since 2006.  In my opinion, the data, and my conversations with local and ou...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
Single Family Home and Condo sales statistics for the Ogden Valley (Snowbasin / Powder Mountain / Huntsville / Eden /  Liberty) and Summit County (Park City / Deer Valley) are shown in the chart below.  Note: Both markets experienced declines in Single Family Home (SFH) average sales prices (Summit County: -14%; Ogden Valley: -24%) and Sales Price per Square Foot (Summit County: -15%; Ogden Valley: -15%) since my April update.  Average days on the market decreased significantly for SFH and Condos in both markets.  For the Ogden Valley market, SFH sales volume was 50% greater than the previous 90 day period.  In my opinion, this data may be indicating the soft real estate market the Ogden Valley has experienced over the past year may be turning around.Looking at inventory and transaction...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
As of mid-April 2007,  the 12 Month Moving Average Sales price was $613,000 for Summit County (Park City) and $421,000 for Ogden Valley home and condo transactions.  Another useful statistic is Sales Price per Square Foot.  As of mid-April 2007, the 12 Month Moving Average $/FT2 was $262 for Summit County vs $166 for the Ogden Valley.  In other words, the cost per square foot in Ogden Valley is running 37% (this difference was 35% in mid-February 2007) lower than the Park City area.  The average size of a typical home/condo purchased over the previous year was 2274 Square Feet in Summit County and 2571 for Ogden Valley.An apples to apples comparison, separating condo and home sales for the two areas is in the chart below. UTAH Real Estate Sales Comparison90 Days Ended 4/21/2007Measureme...
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By John Allaire, Recreational Property Specialist
(Destination Properties)
Northern Utah's Ogden Valley is home to Snowbasin, Powder Mountain and Wolf Mountain ski areas, Wolf Creek championship Golf Course and Pineview Reservoir.  Best of all, the valley is surrounded by the Wasatch-Cache National Forest.The Ogden Valley is 60 minutes from the SLC airport and 20 minutes from downtown Ogden.Use the attached link to see the recreational opportunities offered here.http://rockymountainhomes.net/recreation.htm
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