Kaysville, UT

Kaysville homes experienced a slight drop in 2001 then steadily increased until 2006. In the years following, the number of homes sold took a pretty big drop over two years and then almost completely rebounded last year. Homes in Kaysville are priced above the estimated appreciation line but are similar to prices in surrounding cities.

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 listingsand 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 Mark Watterson your Local Property Resource Specialist for the most up-to-date data and help to determine your specific risk tolerance.

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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 atwww.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 theexceptional 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 seamlessevent.

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!

Kaysville is located North of Salt Lake City. It's a great family community.

Check the cities website. Kaysville City

_______________________________________________________________________________________________________________________________________

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 atwww.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 theexceptional 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 seamlessevent.

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!

* 29% of the current single family home MLS listings are under contract
* 11% of those listings under contract are "short sales"
* At least 37% of the listings under contract are vacant
* The median price of the listings under contract is $284,450
* The median price of active listings is $278,120
* There is only a 2.3% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home

Important Note: 21% of the homes under contract are new construction

Source: Wasatch Front Regional Multiple Listing Service

In Kaysville there have been 32 homes sold in the last 30 days. They have ranged in price from $125,000 to $555,000 with an average of 62 days to get sold. The average sales price of homes in Kaysville is $278,021. Homes over $250,000 are selling in 46 days while homes under $250,000 are taking 81 days. In most areas, the homes under $250,000 sell quicker; Kaysville is somewhat unique in that we have seen this situation more than once. At the time of this report there are 132 homes for sale in Kaysville. There is currently 4.13 months of inventory available in Kaysville. Six months worth of inventory is considered a balanced market, could we be seeing a seller's market coming?

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