Layton, UT

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

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!

Updated kitchen with stainless steel appliances, gas stove w/convection oven, high end maple cabinets, and one piece counter tops. The large. master bedroom has tray ceiling with the master bath having, double vanity and separate jacuzzi tub/shower. Laundry room in on main floor. Home has recently been painted with neurtral 2 toned oil based paint (great for cleaning) and carpet has been updated within the past year.. Professionally landscaped with auto sprinklers, fully fenced, private back yard with an east facing patio for shade in the evenings for great outdoor living (house faces west) This house is ready for you to move in, great condition and CLEAN. Front porch has slate tile recently installed for wonderful curb appeal. Cat 5. has been run into most rooms. Other features are Gas fireplace, 10X16 Shed, Plantation Shutters, crown molding. Garage floor professionally finished. RV Parking. Just a great house! To directly access this property, use this shortcut: http://www.fizber.com/utah-buy-single-family-home-11648039.html

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 71 homes sold in the last 30 days. They have ranged in price from $20,000 to $740,000 with an average of 103 days to get sold. Homes under $250,000 are moving at a much faster rate of 95 days on the market compared to homes over $250,000 that are taking an average of 133 days to sell. At the time of this report there are 454 homes for sale in Layton. The inventory of homes for sale in Layton has been declining, this is a good sign for sellers. We will need to watch this trend carefully. AS of the time of this report Layton has 6.39 months of inventory available. Keep in mind these numbers are during the peak selling season.

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

One of the larger decreases in number of homes sold was experienced in Layton. Number sold went from 228 to 191 which is still actually more than what any other Davis County city sold. Sold price of Layton Real Estate also decreased. Median price decreased 2.61% and average price decreased 4.35%. Current inventory is almost 7 months and there are more than double the amount of homes in Layton for sale than there are in any other city.