Welcome to Localism

Lehi, Utah; Current Market Conditions

11-01-09

Mark Watterson Utah Real Estate: Real Estate Agent in Salt Lake City, UT

view my blog
Office: (801) 815-0411

Mobile: (801) 815-0411

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

Lehi

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.

_______________________________________________________________________________________________________________________________________ signature

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!

0 Comments

Lehi, UT - 2nd Quarter 08-09

07-08-09

Alan Barker - Utah Homes

view my blog
Office: (435) 881-0277 x435 7

Mobile: (435) 881-0277
Secondary: (435) 752-4811

Lehi was yet another city that had a small increase in number of homes sold. That being said, Lehi Real Estate sold prices had large decreases of over 15%. Homes is Lehi are now priced 20% more on average but will most likely continue the trend and decrease. 478 single family Lehi homes can be found on the MLS.

0 Comments

Lehi, UT, 84043 - For Sale

07-04-09

Jane Kosheleva

view my blog

Lehi, UT - for sale by owner at Fizber.com

Price: $600,000

FIZBER.com ID 11646407

Single Family with 6 bed, 4.0 bath, in 372 E CLUBVIEW LN Lehi, UT, 84043

http://www.fizber.com/11646407/

372 E CLUBVIEW LN - For Sale By Owner

Property Details:

Type:	Single Family
Address:	372 E CLUBVIEW LN, Lehi, UT, 84043
Sq footage:	6845.0
Floors:	n/a
Bathrooms:	4.0
Bedrooms:	6
Year built:	2007

View full property details and seller's contacts.

View more Utah homes for sale.

Homes for Sale by Owner.

Description:

Other Rooms: Flr 1 Family Room / Den, Flr 1 Kitchen Dining, Flr 1 Bar Dining, Flr 1 Formal Dining, Flr 1 Semi Formal Dining, Flr 1 Laundry, Bsmt Family Room / Den, Bsmt Kitchen Dining, Bsmt Laundry
Features: Bar Wet, Bath-Sep Tub/Shower, Den/Office, Formal Dining, Intercom, Master Bath, Mother-in-Law Apt, Oven-Double, Range-Countertop, Vaulted Ceilings
Window Covering: Full, Plantation Shutters
Air Conditioning: Central Air Electric
Heating: Forced Air, Gas Central
Flooring: Carpet, Tile
Basement: Full, Walkout, See Remarks

Exterior Features Include:

Features: Double Pane, Entry(Foyer), Outdoor Lighting, Patio, Porch Open
Lot: Curb & Gutter, Fenced Full, Paved Road, Secluded Yard, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn, Private Yard
Landscape: Full Landscaping, Stream, Terraced Yard, See Remarks
Roof: Asphalt Shingle
Exterior: Brick, Stucco
Garage: Extra Height, Extra Width, Opener, RV Parking, 3 vehicles
Patio(s): 3

Other Features Include:

Inclusions: Alarm System, Fireplace Equipment, Fireplace Insert, Microwave, Range, Range Hood, Satellite Dish, Storage Sheds, Water Soft Own, Window Covers
Amenities: Clubhouse, Exercise Room, Park/Playground, Swimming Pool, Tennis Court
Water: Culinary, Irrigation, Irrigation,Pressure
Sewer: Connected, Public
Pool: Concrete/Gunite, Heated, In Ground

More Photos:

for sale by owner at Fizber.com

0 Comments

Lehi, UT, 84043 - For Sale

07-04-09

Jane Kosheleva

view my blog

Price: $239,000

FIZBER.com ID 11646411

Single Family with 4 bed, 2.0 bath, in 5366 N Chestnut Street Lehi, UT, 84043

http://www.fizber.com/11646411/