Layton, UT

Layton Real Estate started a downward trend one year before many other cities in the county. Over the past year, the downward slope has decreased and is likely to turn around within the upcoming years. Homes in Layton have been selling in the low 200s over the past year which is just under the estimated price. Currently there are several great Layton homes on the market.

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 listingsand 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 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 atwww.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 theexceptional 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 seamlessevent.

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!

As a CDPE® serving the communities surrounding Hill AFB UT, I compiled this handbook to aid my active duty, prior service and retired military clients understand their options to overcome obstacles created by the current mortgage and housing crisis. Click Here for a copy of my handbook.

Although the primary subject matter relates to Foreclosure Prevention, there is also guidance on how to take advantage of the military benefits of the 2009 ARRA American Recovery & Reinvestment Act (original and enhanced). In particular is the Extended Dept. of Defense HAP Homeowners Assistance Program which provides relief in the event deployment or relocation creates a financial hardship due to the decline in local real estate market values.

If you need assistance, please contact me. I'm a voice for foreclosure prevention ... You have options, I can help.

Kim Novak, CDPE: Certified Distressed Property Expert
(801) 726-1443 (800) 977-7835 kimnovak@remax.net
www.UtahHouseandHome.com

* Only 18% of the current MLS listings are under contract
* 4% of those listings under contract are "short sales"
* At least 21% of the listings under contract are vacant
* The median price of the listings under contract is $199,900
* The median price of active listings is $219,900
* There is an 10.0% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home

Source: Wasatch Front Regional Multiple Listing Service

Although the market conditions in Layton are not what they were a few of years ago, we are in much better shape than many other areas around the country. In the Layton area there have been 65 homes sold in the last 30 days with the average price of $209,996. They have ranged in price from $4,500 to $465,000 with an average of 83 days to get sold. Homes over $250,000 are moving at a faster rate of 64 days on the market compared to homes under $250,000 that are taking an average of 89 days to sell. At the time of this report there are 398 homes for sale in Layton. The inventory of homes for sale in Layton has been declining for the last several months; this is a good sign for sellers. As of the time of this report Layton has 6.12 months of inventory available. A year ago we had nearly 10 months of inventory, at this time it appears the market is stabilizing.

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