Magna, 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 indictors) to confirm a market bottom. This is NOT a good time for conservative buyers to purchase.

High risk tolerant investors and speculators 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.

Also it is good to note that those waiting for a market bottom confirmation will miss the bottom. This is because confirming factors are lagging indicators.

Buy and hold is the best buying strategic for owner/occupied and investor purchases.

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

We still are having a low percent of new listings being SOLD. Currently (25.45)% on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom.

Please see data below.

PRICE ACTION

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

SUMMARY

Currently we are not seeing the needed positive price action to confirm a market bottom. This is NOT a good time for conservative buyers to purchase. High risk tolerant investors and speculators are doing some bottom fishing.

For more details or just to chat about market conditions please feel free to contact me.

Thank you

Data considered accurate... However is NOT Guaranteed. Contact your Local Realtor for the most up-to-date data.

The Empress Theater

9104 West 2700 South Magna Utah 84044

(801) 347-7373

What an Awesome Story the Empress Theater has. From it's beginning in 1916 Entertaining the miners then silent movies.

Leo Ware toiled to and worked and spent a lot of blood sweat and tears, the county wanted to raze the building. His dream of live entertainment was carried forward by the Oquirrh Hills Performing Arts Alliance. The theatre reopened on 4 November 2006 with "Forever Plaid,".

For more details about the history of the Empress Theater and Leo W. Ware.

The Empress Theater 2008 Season schedule of shows