Jim McEwen

In West Haven Utah there have been 8 homes sold in the last 30 days. They have ranged in price from $197,000 to $392,000 with an average of 94 days to get sold. Homes under $250,000 are spending 60 days on the market compared to homes over $250,000 that are taking an average of 106 days to sell. At the time of this report there are 124 homes for sale in West Haven. That means we have 15.5 months of supply on the market. A 6 month supply is considered balanced, any more than that is a buyer's market.

In the last 30 days there were 11 that didn't sell. These numbers indicate the market is very price sensitive. Right now in West Haven if it's priced right and marketed properly it sells, if it's not it simply doesn't sell.

For more information please visit my web site at http://www.jimmcewen.com

If you are looking for a new home try our free map based home search at http://www.FindYourUtahHome.com

Roy has a lot to offer: variety, convenience, and reasonable housing prices. The home prices have been averaging $180,537 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 28 homes sold in the last 30 days. They have ranged in price from $5,900 to $579,000 with an average of 92 days to get sold. Homes under $150,000 are moving at a rate of 74 days on the market compared to homes over $150,000 that are taking an average of 63 days to sell. Normally the lower priced homes sell quicker. Are we seeing a change in the market? The next few months will tell. At the time of this report there were 250 homes for sale in Roy. There is 8.9 months worth of inventory available in Roy making it a slight buyers 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

In Clearfield there have been 14 homes sold in the last 30 days. They have ranged in price from $97,500 to $255,000 with an average of 87 days to get sold. The average sales price of homes in Clearfield is $172,507 making Clearfield affordable for many first time home buyers. At the time of this report there are 174 homes for sale in Clearfield. A 6 month supply is considered a balanced market, any more than that is a buyer's market. At this time we have 12.43 months of supply on the market. The most disturbing number in this month's report is the expired listings. In the last 30 days we had 38 listings that didn't sell and some of them were good values. If you are considering a new home Clearfield may be the place to look.

If you are looking for a new home logon to http://www.FindYourUtahHome.com

In Syracuse Utah there have been 25 homes sold in the last 30 days. They have ranged in price from $115,000 to $600,000 with an average of 101 days to get sold. Homes under $250,000 are spending 123 days on the market compared to homes over $250,000 that are taking an average of 83 days to sell. At the time of this report there are 216 homes for sale in Syracuse. At this time we have 8.64 months of supply on the market. A 6 month supply is considered balanced, any more than that is a buyer's market. Syracuse is the exception in Davis County. It's the only city In Davis County that homes over $250,000 sell faster than those in the less than $250,000 group.

In the Layton area there have been 40 homes sold in the last 30 days. They have ranged in price from $39.900 to $525,000 with an average of 90 days to get sold. Homes under $250,000 are moving at a much faster rate of 81 days on the market compared to homes over $250,000 that are taking an average of 115 days to sell. At the time of this report there are 505 homes for sale in Layton.

A balanced market has about 6 months of inventory for sale. Right now Layton has about 12.6 months of inventory.

Many buyers have expressed a concern about the availability of loans to buy a new home. There is money available. Those who want to buy using FHA will have no problem as long as they have good credit, 3.5% down and closing costs (unless you can get the seller to pay them). Rates are still good too. Right now they are around 5%. Of course with the market being so active rates change as much as a couple times a day.

If you are looking for a home visit my free home search site http://www.FindYourUtahHome.com

For more information visit my website at http://www.jimmcewen.com