2018 Farr West Market Report

2018 Farr West Market Report

Posted by Brandi Hammon on Tuesday, March 19th, 2019 at 9:49am.

farr west market report 2018

How does your home stand in this market? Find out.

Get Home Value

 

Single Family Homes

In Farr West, the total number of homes sold in 2018 was down 11% from the prior year. Only 93 homes sold compared to 105 in 2017. On a slightly more positive side, the median sales price in 2018 increased marginally with a 3% incline from the prior year. The median sales price in 2018 was $360,000, compared to $349,150 in 2017. This 3% increase may be signs of leveling in the market price. A 3% growth in sales price is lower than the sales price growth in 2016 and 2017 both years showed an increase around 10%.

Residential Lots

Residential land in Farr West showed a growth rate of 21.95% based on the the previous year’s sales price. The median sales price was up in 2018 to $100,000 from $82,000 in 2017. The quantity sold in 2018 was a 66.67% decrease with only one sale compared to the three land sales in 2017. WIth the increase of over twenty percent, the market was strong in 2018 for residential land, and the price is also significantly higher than the median sales in 2014 of $87,750.

 

Live in this remarkable place by checking out these South Ogden Homes for Sale. These incredible listings include Ogden Homes for SaleNorth Ogden Homes for Sale and Mountain Green Homes for Sale. South Ogden is just over the mountain from Snowbasin or Powder Mountain Ski Resorts where you can experience the World's Greatest Snow after a short drive through the canyon.

Get Home Value

Other market reports available include Plain City, Ogden, and South Ogden. It's time to list!

Leave a Comment