Woods Cross, 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!

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.

_______________________________________________________________________________________________________________________________________

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!

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.

On a year over year, YTD comparison currently (4.90) % of new listings are being sold.

SUMMARY

Currently we are not seeing the needed positive price action (along with other indictors) to confirm a market bottom. This is NOT a good time for conservative buyers to purchase. High risk tolerant investors and speculators are doing some bottom fishing.

For more details or just to chat about market conditions please feel free to contact me.

Data considered accurate... However is NOT Guaranteed. Contact your Local Realtor for the most up-to-date data.

Woods Cross~Davis County Utah: February 2008 Real Estate Market Report

Welcome to the Heart of Utah Real Estate monthly real estate market report for Woods Cross, Utah located in Davis County. As with previous market reports, this report will be broken down into two different sections, one for Single Family Residence's and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of Woods Cross and should not be confused as being the price in which your home will currently sell for. Also please take note:

• “SOLD” indicates all the properties that sold during the month of February 2008.
• “Under Contract” are the properties that have gone through negotiations and are currently awaiting their closing date as of the date I pulled this report (3/14/2008).
• “Active Listings” are all the homes currently listed with a real estate broker and listed on the MLS as of the date I pulled this report(3/14/2008).

• Population=8,168 (According to the U.S. Census Bureau July 2006)
• 18 Miles=Approximate Mileage to Hill AFB
• 8 Miles=Approximate Mileage to Downtown Salt Lake City
• 11 Miles=Approximate Mileage to the Salt Lake International Airport
• 24 Miles=Approximate Mileage to Big and Little Cottonwood Canyons (entry to most of Utah’s ski resorts)
• Easy Access to Utah’s Higher Education
• 2 Parks
• 5-10 minutes to shopping, golfing, recreation center, restaurants and gyms.
• 5 minutes to Lakeview Hospital and 15 minutes to LDS Hospital & Primary Children's Hospital
• Within 1 mile to 1-15 freeway access, bus routes and coming soon, Woods Cross Commuter Rail

Schools

• 2 Elementary Schools/Woods Cross Elementary and Washington Elementary
• 2 Junior High Schools/South Davis Junior High and Millcreek Junior High
• 1 High School/Woods Cross High School

Neighboring Cities

• West Bountiful
• North Salt Lake
• Bountiful

Please feel free to contact me if you would like additional information or I welcome you to browse the links below to cover any topics throughout my blog and website that you may have interest in.

Related Articles:

January 2008 Woods Cross Market Report

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If you are considering buying or selling a home in Utah, you deserve local expertise and advice to be provided by a professional in real estate. Julie Neerings, GRI is a Utah REALTOR® providing full time, professional real estate services to home buyers and sellers in the cities of Layton, Bountiful, Woods Cross,Murray, West Valley, West Jordan, South Jordan, Riverton, Herriman and all surrounding cities in Davis County and Salt Lake County.

You may be relocating to or from Utah due to a military relocation or civilian job transfer, if that is the case, when searching for a real estate professional outside the state of Utah, please feel free to Contact Me or call me at 801-859-9381 as I am more than honored to provide to you the contact information of exceptional agents across the U.S. and Canada.

Woods Cross~Davis County: January 2008 Real Estate Market Report

Welcome to the beginning of my 2008 monthly real estate market report for Woods Cross, Utah located in Davis County. This report will be broken down into two different sections, one for Single Family Residence and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of Woods Cross and should not be confused as being the price in which your home will currently sell for. Also please take note:

• “SOLD” indicates all the properties that sold during the month of January 2008.
• “Under Contract” are the properties that have gone through negotiations and are currently awaiting their closing date as of the date I pulled this report (2/18/2008).
• “Active Listings” are all the homes currently listed with a real estate broker and listed on the MLS as of the date I pulled this report(2/18/2008).

Woods Cross City Information

• Population=8,168 (According to the U.S. Census Bureau July 2006)
• 18 Miles=Approximate Mileage to Hill AFB
• 8 Miles=Approximate Mileage to Downtown Salt Lake City
• 11 Miles=Approximate Mileage to the Salt Lake International Airport
• 24 Miles=Approximate Mileage to Big and Little Cottonwood Canyons (entry to most of Utah’s ski resorts)
• Easy Access to Utah’s Higher Education
• 2 Parks
• 5-10 minutes to shopping, golfing, recreation center, restaurants and gyms.
• 5 minutes to Lakeview Hospital and 15 minutes to LDS Hospital & Primary Children's Hospital
• Within 1 mile to 1-15 freeway access, bus routes and coming soon, Woods Cross Commuter Rail

Schools

• 2 Elementary Schools/Woods Cross Elementary and Washington Elementary
• 2 Junior High Schools/South Davis Junior High and Millcreek Junior High
• 1 High School/Woods Cross High School

Neighboring Cities

• West Bountiful
• North Salt Lake
• Bountiful

Please bookmark for future reports, which will be updated monthly.

For more information regarding the Utah real estate market and Davis County Happenings, please click the links below.

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If you are considering buying or selling a home in Utah, you deserve local expertise and advice to be provided by a professional in real estate. Julie Neerings, GRI is a Utah REALTOR® providing full time, professional real estate services to home buyers and sellers in the cities of Layton, Bountiful, Woods Cross,Murray, West Valley, West Jordan, South Jordan, Riverton, Herriman and all surrounding cities in Davis County and Salt Lake County.

You may be relocating to or from Utah due to a military relocation or civilian job transfer, if that is the case, when searching for a real estate professional outside the state of Utah, please feel free to Contact Me or call me at 801-859-9381 as I am more than honored to provide to you the contact information of exceptional agents across the U.S. and Canada.