Sandy, 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.

_______________________________________________________________________________________________________________________________________

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!

Salt Lake Foreclosures In Sandy UT-How Much To Offer?

Our blog on how much to offer on Salt Lake Foreclosures received a lot of comments last week.

A lot of potential home buyers asked if we would comment on individual areas or Zip codes in Salt Lake City.

Sandy Utah was most often mentioned, so we will start with Foreclosures in Sandy UT.

There is a lot of confusion out there about how much to offer the bank or corporation that has taken back homes thru foreclosure and is now listing these homes on the MLS.

Folks have heard that you can buy these Homes or Condominiums for pennies on the dollar. Ads on Radio, TV, and in newspapers make unbelievable claims about instant wealth available to investors that invest in Salt Lake Foreclosed Homes.

Heres the truth.

Rather than disprove these claims, we are going to take a more direct approach, and simply list for you the listed price vs the actual sales price of Salt Lake foreclosure homes that have closed in the last thirty days.

In addition, so that you can make your own analysis of the SLC housing market we will include other information such as days on market, length of time from offer to closing, neighborhood, zip codes, etc:

Overview Of Salt Lake Foreclosures In Sandy UT-10/14/09

There are 35 Foreclosed homes/condominiums listed for sale in Sandy Utah.

10 of those houses/condos were listed in the last 30 days.

11 homes were put under contract since 9/14/02 in Sandy UT.

In the last 30 days, 4 Sandy Foreclosures have been sold.

Total listed price of Foreclosed homes sold w/in last 30 days was $766,000.

The homes ranged in price between $168,000 & $239,000.

Average price of Sandy UT Foreclosures sold in the last 30 days was $191,500 dollars.

Average sq. ft. of Sandy Foreclosures was 1841 Square Feet.

That is a foreclosed listed price of $104 dollars a ft. in Sandy Utah.

The price of the homes sold in the last 30 days was $713,000.

Sales Price per Sq. Ft. on foreclosures in Sandy UT was $96.88.

Salt Lake Zip codes for sales were 84070, and 84093.

Days on market were less than 20 days.

Banks discounted Foreclosures in Sandy Utah, 6.9%.on sales from 9/14/09 to 10/14/09.

Now you have an accurate understanding of what has actually happened with those Sandy UT homes that banks have taken back into their own ownership through the foreclosure process. (REOs).

For an accurate list of all of the Salt Lake Bank Owned Homes and Foreclosures in Salt Lake you can go directly to SLC FORECLOSURES and see almost all of the REO homes that are listed for sale on the MLS.

If you would like more information on how to buy Utah foreclosures, browse the SLC Blog for articles and tips on buying that home or condominium.

To see reports on other Salt Lake Cities IE: West Jordan, South Jordan, Draper UT, Riverton UT, Murray UT, and Downtown Salt Lake, check back here often as we will cover each city every 30 days so that you will be on top of the Real Estate market in Salt Lake City.

Or you can just call us @ 801-567-0946. We love to talk about Salt Lake Real Estate, and Salt Lake Foreclosures In Sandy Utah and how much you should offer on that foreclosed home.

Put In Pictures For Those Sandy UT Homes For Sale !

I got an eye opening e-mail yesterday that said " I'm amazed that you don't have any pictures for this Sandy UT Homes for sale".

Frankly, I was too.

This beautiful Sandy UT Foreclosure was listed at over $500,000.

There was over 6500 sq.ft. of finished living space, and real seclusion on almost an acre of well landscaped ground.

But you couldn't tell it from the photos, THERE WERE NONE!

Now before you ask me "why not"? Let me explain that this beautiful home in the heart of Sandy UT, surrounded by horse property and small Ranchettes, is not my listing.

We don't list many houses or Condos.

We're buyers agents. We help those agents that list property on the MLS find Home Buyers. So we know what helps us help you sell your home.

If your Realtor has listed your Salt Lake Home or Condo on the MLS and does not have a good photo tour, then call them and insist that they get one.

Believe me, those Realtors that list homes in the Salt Lake area and fail to provide photos, make it very hard for us to help them get your home sold.

Every day we get 250 to 300 people visiting our web site looking for a home to buy in Salt Lake City Utah.

Initially these buyers are just viewing homes on line;.Selecting homes that look like they are worth taking the time to visit.

On any given day our home buyers can search almost 9,000 homes for sale in Salt Lake City and find thousand that have pictures and descriptions attractive enough to make us want to schedule a visit to evaluate the house or Condo further.

Few without photos get scheduled.

Look at some stats that every Realtor should know & you should know when you ask some one to list your house.

Realtor.Com says that homes listed with multiple photos are viewed 299% more than homes without pictures.

Showcased listings of homes for sale get between 72 and 91% more showings.

Among Internet home buyers, 83% told the National Association of Realtors, (NAR) that additional photos were the #1 most valuable asset to a listing.

So if all this is true, you would think that the Sandy Utah home W/O pictures we are talking about would be an exception. NOT!

I did a quick survey on my own about that. I pulled up all the homes listed In the Salt Lake City area for just one day to see how well agents were marketing their listed Houses and Condos.

Heres what I found.

Total SLC home listings. (one day) 134

Number of homes listed with NO PHOTOS, = 54 (40%).

Homes/Condos listed with 1 PHOTO = 22 (16%).

Over 66 % of the Salt Lake City Homes For Sale listed on The MLS are NOT entered in a way to capture the interest or cause further examination of those homes.

In other words, the Real Estate Agents representing those listings are doing a poor job of providing the best selling tools to their clients.

You can make them stop! And you can increase the chance that Utah home buyers will select your home as one of the houses they want to take the time to see.

Insist that the listing of your Utah home includes at least 6 photos that show the most marketable and attractive features of your home.

To see over 9,000 Utah homes/condos listed for sale in the Salt Lake Valley, stop by SLC Homes for Sale and see what homes are available in your price range, in the community you'd like to live. You'll get photos of ramblers for sale in West Jordan, Horse property in Draper, New Homes or Condos @ Daybreak in South Jordan,or foreclosures in Draper or Herriman. Whatever your housing needs in Salt Lake City you can find them in SLC Real Estate.

Or just call us @ 801-567-0946 and ask us why you should have your agent put in pictures for those Sandy UT homes for Sale.

Published Saturday, September 26, 2009 6:47 AM by Corie Seymour

Sandy Utah Homes Stats last 30 days: The two towns I like to focus on are Sandy Utah and Murray Utah. I recently posted a blog on Murray Home stats, now its time to see whats been going on in Sandy, Utah.

The price range in Sandy is a lot larger than Murray's price range. Sandy ranges from the least

expensive mobile home in the internet for 19,900 to the most expensive home (listed by Summit Sothebys) for 3.495 mill. WOW

As I state in my Murray posting, the listings do not reflect all of the activity in the market, they do not show new construction or bank properties that are not currently posted on the MLS system.

Sandy Utah has 758 active homes/condos/townhomes/mobile homes listed on the MLS system

Single Family Homes activity over the last 30 days

Active 640

Under Contract 124

Sold 53

Condo/Townhomes:

Active 112

Under Contract 27

Sold 3

Both Sandy and Murray are fabulous choices, if you would like to learn more, please contact me or search my website for all your Utah questions/needs.

APX: Home security System: Ever considered a home security system? I feel like I live in a very safe area in Sandy, UT, but I also feel like you can never be so safe. The security system has been wonderful for my family.

Its easy to use, and the company we use is APX Alarm. They have been so responsive. I will admit that there have been times we forget to disarm the alarm system going out the garage to the backyard and they are right on top of it asking for our passwords and security code. Their alarm systems allow you to adjust for inside animals, you can choose which doors, windows, garage doors you wish to arm.

One of the best features we have is our system is hooked up to our smoke/carbon monoxide detectors. As a person who has lost everything in a fire, this benefit is so incredible. Time is always of the essence when it comes to fire, burglaries, break-in's. etc.

So if you are considering an alarm system, check out APX Alarms .... Tell them Kim sent you!