Roy, UT

Darlilng home in a great neighborhood. Corner lot with .18 acres. 4 bedrooms, 2 1/2 bathrooms. Approx. 1700 sq. feet. Very clean with fresh paint through most of the house. Extra deep garage. Fenced back yard with deck, in-ground trampoline, swingset, dogrun, raised bed square foot garden, and RV parking. Built in 1985. Gas heat and central air conditioning. Newer appliances including water softener. Tile floors in bathrooms and kitchen. New countertops in kitchen. Withing walking distance to school, West Park, and the Frontrunner station. Close to Hill Air Force base. To directly access this property, use this shortcut: http://www.fizber.com/utah-buy-single-family-home-11649113.html

* Only 19% of the current single family home MLS listings are under contract
* 11% of those listings under contract are "short sales"
* At least 28% of the listings under contract are vacant
* The median price of the listings under contract is $169,500
* The median price of active listings is $170,000
* There is an less than 1% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home (see below)

Source: Wasatch Front Regional Multiple Listing Service

The lack of disparity between the median active and under contract list prices is interesting in that there are still 10 months of inventory on the market in Roy. This area of Weber County has always weathered the ups and downs in normal real estate cycles here locally, including those times when our largest employer, Hill AFB, has experienced reductions in force, loss of defense contracts and even a BRAC threat or two. Does anyone have any insight they can share with me to pass on to my seller-clients in this community? Thanks in advance ...

Marketed by Kim Novak, RE/MAX Masters (801) 726-1443 (800) 977-7835 kim@utahhouseandhome.com www.utahhouseandhome.com --- MLS# 901070 www.utahrealestate.com/901070 All stone & stucco exterior - no vinyl siding. Like new inside! Spacious kitchen with island, lots of cabinets, countertops & big pantry. Family room with corner fireplace. Master bedroom separate from others. Newly landscaped with sod & sprinkler system. No neighbors in your backyard. More Info At: southforkmeadowshome.BestPricedHouse.com/

Roy has a lot to offer: variety, convenience, and reasonable housing prices. The home prices have been averaging $162,025 for the last 30 days making it affordable for many first time buyers. The result is that homes in Roy have been moving. They have been selling in less time than the County average.

In the Roy area there have been 43 homes sold in the last 30 days. They have ranged in price from $50,000 to $365,000 with an average of 90 days to get sold. Homes under $250,000 are moving at a rate of 77 days on the market compared to homes over $250,000 that are taking an average of 267 days to sell. At the time of this report there were 244 homes for sale in Roy. There is 5.67 months worth of inventory available in Roy making it a balanced market.

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.

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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 at www.markwatterson.com

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