About Weber County, 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 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

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!

Although $/FT2 is not a perfect measure, this metric provides a good view of the market overall, and helps to identify trends. Listed below is annual data providing a historical snapshot of the Ogden Valley condominium real estate market. A large percentage of recent sales in 2009 are distressed, meaning many are short sales, REO or bank-owned properties.

Year AVG $/FT2

2000 $104/FT2

2001 $106/FT2

2002 $114/FT2

2003 $102/FT2

2004 $145FT2

2005 $173/FT2

2006 $232/FT2

2007 $245/FT2

2008 $198/FT2

* January - March 2009 $137/FT2

* April - June 2009 $154FT2

* July - September 2009 $171/FT2

* October 2009 (5 Condos sold to date) $177/FT2

Please don't hesitate to contact me if I can answer any questions or provide additional information.

Thanks,

John Allaire

Prudential Utah Real Estate - Eden

I wanted to provide an update to the information I posted back in July regarding the status of the Ogden Valley real estate market. The results of the last few months continue to support what I feel represents a bottoming, and new baseline for the Ogden Valley real estate market.

Although $/FT2 is not a perfect measure, this metric provides a good view of the market overall, and helps to identify trends. Listed below is annual data providing a historical snapshot of the Ogden Valley real estate market. As you can see, the period 2002-2004 serves as a good baseline, when SFH home sales prices were very stable. A large percentage of recent sales in 2009 are distressed, meaning many are short sales, REO or bank-owned properties. This is a good test for any real estate market.

Year AVG $/FT2

2000 $90/FT2

2001 $78/FT2

2002 $85/FT2

2003 $84/FT2

2004 $89/FT2

2005 $110/FT2

2006 $150/FT2

2007 $150/FT2

2008 $154/FT2

* January - March 2009 $134/FT2

* April - June 2009 $93/FT2

* July - September 2009 $93/FT2

* October 2009 (10 SFH sold to date) $104/FT2

Please don't hesitate to contact me if I can answer any questions or provide additional information.

Thanks,

John Allaire

Prudential Utah Real Estate - Eden

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