Holladay, UT

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!

Not far from Cottonwood Heights in Salt Lake Countyis another great little town known as Holladay and those that live there feel like it is a Holiday every day of the year, you can tell by the great smiles an Friendly people there.

Not far from Cottonwood Heights in Salt Lake Countyis another great little town known as Holladay and those that live there feel like it is a Holiday every day of the year, you can tell by the great smiles and friendly people there.

On July 29, 1847 pioneers known as the Mississippi Company, led by John Holladay, arrived in the Salt Lake Valley which is now in Salt Lake County. They discovered a free flowing, spring fed stream, most of the group went to the Fort in Great Salt Lake for the winter but two or three men built dugouts along this stream and wintered over. It became the first village established away from Great Salt Lake City itself. In the spring, many families went out to build homes and cultivate the land. There were plenty of springs and ponds, grasses and wild flowers, making this a desirable area to settle. John Holladay was named as the branch president of the Church (Church of Jesus Christ of Latter day Saints, better know as the Mormons), thus the town became Holladay or Holladay's Burgh.

As homes were built and commerce arose as did commercial ventures. The intersection of Highland Drive and Murray-Holladay Road, helped the community to grow, businesses tended to move east of the intersection of Holladay Boulevard and Murray-Holladay Road, the area became a popular place for residents to live. Neilson's Store and Harper-Bowthorpe Blacksmith Shop were well-frequented businesses for years. Agriculture, orchards and businesses allowed for continued growth over the years.

The Holladay and Cottonwoodcommunities became a desirable area to live, close to the mountains, fresh streams for irrigation, ideal or community growth. Today both Holladay and Cottonwood Heights in Salt Lake Countyare still desirable real estate, offering the same benefits as years ago along with great restaurants, recreational sites, facilities, great neighborhoods and schools.

If you are interested in selling or buying in Holladay or any other community in Salt Lake County give Debbie aldrich 801-870-0606 a call today, your Friend in Real Estate.

Debbie Aldrich CSP

Keller Williams Realty

Your Partner in Real Estate serving Salt Lake county, Cottonwood Heights, Salt lake City, Summit County, Holladay

www.DebbieAldricHomes.com www.CottonwoodHtsBestHomes.com www.activerain.com/luv2ski

www.twitter.com/debsellsslc debbie@debbiealdrich.com debyoursaltlakeagent@gmail.com

www.debbiealdrichsellshomes.redx.ws

Real Estate in Holladay sold only three less homes last quarter. Current Holladay homes are priced as some of the most expensive in the county. Median sold price went down 11.7%, but prices are currently around $500,000. Average sold price saw a large increase of 32.36%. Current listings are way up, averaging at $924,090.

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!

Average sold price and number of sold homes in Holladay stayed pretty neutral. Median sold price dropped almost 10% and inventory is up to 16 months. On average, current prices on Holladay homes have more than doubled which likely means that more million dollar homes have entered the market. Median prices have also seen a large increase and are listed at prices 39% higher than what sold last quarter.