Clearfield, UT

In Clearfield there have been 32 homes sold in the last 30 days. They have ranged in price from $49,900 to $232,000 with an average of 49 days to get sold. The average sales price of homes in Clearfield is $149,150 making Clearfield affordable for many first time home buyers. At the time of this report there are 146 homes for sale in Clearfield. A 6 month supply is considered a balanced market, any more than that is a buyer's market. At this time we have 4.56 months of supply on the market, which is good news for those thinking of selling.

For more information visit my web site at www.jimmcewen.com or give me a call at 801-686-5550. If you are looking for a home try our free web site http://www.FindYourUtahHome.com

We need Positive Price Action to confirm market bottom. One month of price improve isn't sufficient to confirm the market bottom. We need to see appreciation month over month for three months.

PRICE ACTION

Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.

SUMMARY

Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. This is NOT a good time for those with low and/or no risk tolerance to purchase.

High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.

Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.

Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.

Buy and hold is the best buying strategy.

Data considered accurate... However is NOT Guaranteed. Contact your Mark Watterson your Local Property Resource Specialist for the most up-to-date data and help to determine your specific risk tolerance.

_______________________________________________________________________________________________________________________________________

Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC

Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com

It's Not About the Money -It's about life long relationships that are based on Customer Service Excellence.

The "Voice of the Customer" is where it all begins. Customer Service Excellence is not just words. It's our CULTURE.

My customers refer their family and friends because of the exceptional attention to detail, customer focus and the value added services they receive. An unmatched passion and love for providing these services is the thread that binds the entire business process together making it a smooth and seamless event.

In fact it doesn't even seem like business. Because it's all about you, your goals and objectives.

You should expect the highest level of service and you deserve it. It's about you, the right property and your GOALS. YOU Deserve the BEST!

Homes in Clearfield experienced the largest drop in number of homes sold in the county. 38 less homes sold, decreasing 34%. Part of the reason may be because sold prices increased slightly instead of decreasing like most other cities. Average sold price of Clearfield homes took a small climb of about $1,000 and median sold price increased close to $7,000. Current home prices are not far off from what they were sold at last quarter.

The number of Clearfield homes sold decreased 13% from 61 to 53. Median sold price increased slightly by 1.29%. Average sold price also increased a little, up 2.16%. Currently, price of homes in Clearfield haven't changed much. There are 9.79 months of active inventory and 173 homes for sale.

In Clearfield there have been 14 homes sold in the last 30 days. They have ranged in price from $97,500 to $255,000 with an average of 87 days to get sold. The average sales price of homes in Clearfield is $172,507 making Clearfield affordable for many first time home buyers. At the time of this report there are 174 homes for sale in Clearfield. A 6 month supply is considered a balanced market, any more than that is a buyer's market. At this time we have 12.43 months of supply on the market. The most disturbing number in this month's report is the expired listings. In the last 30 days we had 38 listings that didn't sell and some of them were good values. If you are considering a new home Clearfield may be the place to look.

If you are looking for a new home logon to http://www.FindYourUtahHome.com