Lehi, UT

NO, it's NOT the Multiple Listing Service; it's Major League Soccer! You know, it's been a while since we had Utah come together to support a local team. Last time I saw so much excitement around here was when we had the 2002 Winter Olympics. Congratulations Real Salt Lake, for being the Eastern conference champions and now I wish you luck in the Finals. It's not going to be easy beating Beckham and Donavin in Seattle; however I know you will do your best!

Soccer is fast becoming one of the most popular sports here in the US especially in Utah. Winning the MLS cup will just put more eyeballs on our State and hopefully bring more home buyers into our office.

Who would you predict to win the MLS Cup? Real Salt Lake or Los Angeles Galaxy? Post your response.

This is my second winter in the real estate business and lately I am catching myself DRIFTING in my day to day activities. That fact that its cold outside and that my clients (especially my buyers) are not seeing the sense of urgency does not help the cause.

I decided today to partner up with someone in my office and see if he/she wants to be my "accountability partner". Someone I can take to breakfast/lunch or just meet at the office and talk about what I want to accomplish from now to the end of the year, and have that person hold me accountable to my goals.

Do any of you find yourself drifting? and if so what do you do to get out of that mode? Has it worked?

Jorge
www.JorgeSanchezRealestate.com

As a real estate agent in Utah, I am noticing that lots of buyers are taking a little longer to purchase a home. Are you guys noticing the same trend? During the summer months buyers were on fire! Ever since the $8000 tax credit was extended it seems like buyers are slowing down in thier dicision to purchase. I can't decide if extending the tax credit was a good or bad idea in general.

Jorge

www.JorgeSanchezRealestate.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!

Lehi was yet another city that had a small increase in number of homes sold. That being said, Lehi Real Estate sold prices had large decreases of over 15%. Homes is Lehi are now priced 20% more on average but will most likely continue the trend and decrease. 478 single family Lehi homes can be found on the MLS.