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Layton, UT Real Estate News

By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
During 2010, there were 25,119 sales closed and posted in WFRMLS (Wasatch Front Regional Multiple Listing Service - Utah). There are currently 8,194 active agents. That's only 3 sales, per year, per agent. When you're interviewing a Realtor® to represent your home buying or home selling interests, an important question to is, "how many clients did you, Ms/Mr Realtor, help achieve their homeownership goals this past year?" This is an especially important question because there is and has been no room for error in pricing and negotiation, advertising and marketing, during this continuing housing crisis. In order for you to be successful achieving your home buying or home sale goals, you'll need a Realtor® who is experienced in working through the challenges of THIS real estate market. -- ...
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
Please let me know, by January 5th, if you would like to join me! I have four extra tickets available for non-Realtor® guests. If you're thinking about buying or selling a home, this event would provide much more relevant, decision making information than the news you get from any of the national media outlets. All real estate is local, and this is OUR local housing report. (Salt Lake Realtors) BOARD OF DIRECTORS MESSAGE ... 2011 Salt Lake Housing Forecast Breakfast on Tuesday, Jan. 11 at 8 a.m. at the Little America Hotel in downtown Salt Lake City. This year Lawrence Yun, chief economist for the National Association of REALTORS, will speak on recent developments in the housing market and the direction home prices are headed in the next 12 to 24 months. In addition, a housing forecast ...
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
Although it will be quiet through the week leading in to the new year, January 3rd, the first business Monday in 2011, will bring renewed activity to our real estate market. All indicators point to a January 2011 that will bring with it stabilization of home values and the quantitative beginnings of recovery in our local housing market. With both home prices and interest rates at historic lows, it is a perfect time to buy. With prices and rates bringing more buyers in to the market, it is a perfect time to sell. Good News Report - Utah's Unemployment Rate Remains Significantly Below National Average Utah's Employment Summary: November 2010
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
October 2010 vs 2009: total number of homes sold in Layton down 32%, but price per square foot only down 7.5% ... somewhat of a silver lining in the continuing storm cloud. November's numbers are trending downward, however. Sales Per Month Report Explanation This report shows sold property data for the search criteria in each month for the selected years back. This is a description for each column headerMonth - month for dataCount - numbers of homes sold for the monthVolume - total of sales pricesMed/avg OL - Original List Price - Original price based on CDOMMed/avg Sold Price - Sale price (not adjusted for concessions)Ratio of Med/avg SP to Original Price - Ratio as percentMedian/Avg Sq footage - total square footageMedian/Avg Price/sq. foot - Sale price per sq. footageMedian/Avg Beds ...
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
JL Properties, Inc, is the real estate developer of the East Gate Business Park in Layton. Based in Anchorage, Alaska, the company has residential projects in Fairbanks, plus a variety of commercial, government and military projects in both cities. Their website lists three other Utah projects - Redwood Center, Towers at 45th and 136 E South Temple, but their relationship to these projects is unknown because the links are broken. On July 7, 2010, NAI Utah (a commercial real estate brokerage), announced that it had finalized the lease agreement with the first and anchor tenant of the East Gate Business Park, Janicki Industries. On September 17, 2010, Layton City Community Development confirmed that announcement: What does this mean for real estate values in Layton? A minimum of 50 new jo...
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By Brandon Clark
(UTAH INFRARED Home and Building Inspections)
Layton Utah Infrared Home Inspector Layton Utah now has it's first Infrared Certified Home Inspection Company Infrared Technology used during a home inspection allows the most in-depth, informative, and advanced home inspection available. The public is quickly catching on to the amazing benefits provided by an Infrared Home and Building Inspection. Once a home buyer uses an Infrared Home Inspector there is little to no chance of them ever returning to the "peek an poke" flashlight inspections of the past. Infrared Home Inspections are the same cost of a flashlight inspection yet offer nearly double the benefits. We are seeing many home inspectors holding back on buying infrared cameras due to the substantial costs of the equipment. A quality FLIR triple fusion Infrared Camera like the o...
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By Alan Barker
(Boomerang Leads)
Layton Real Estate sold the most homes in the county, but decreased by 17%.  Layton homes sold at decreasing prices as well, with median prices slipping just below $200K.
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By Brandon Clark
(UTAH INFRARED Home and Building Inspections)
Layton, Utah Has It's First Infrared Certified Home Inspection Company.  Infrared (Thermal Imaging) Technology Combined With Standard Home Inspection Procedures Provide The Most Comprehensive and In-Depth Home Inspection Available.           Infrared Technology Has Allowed Home Inspectors To Provide a Far Superior Home Inspection Compared To The Standard "peek & poke" Flashlight Inspection.     DON'T TAKE CHANCES WITH YOUR INVESTMENTS! ALL HOME INSPECTIONS ARE NOT EQUAL! Few Home Inspectors Use Infrared Technology Due To The Substantial Cost Of The Equipment. The Demand For Infrared Home Inspectors Continues To Rise Due To Consumers Seeing THE AMAZING ABILITIES AND BENEFITS OF AN INFRARED HOME INSPECTION. For more information please visit the Power Check Utah Website
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By Mark Watterson, Utah Real Estate
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 Has the Utah Real Estate Market bottomed? 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 investor with low and/or no risk tolerance to purchase.  Investors with a long term buy and hold strategic.  Opportunities are starting to make sense.  Contact your property resource specialist for information to make an inf...
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This eye-catching home features a rock, wood and stucco exterior with beautiful landscaping and automatic sprinklers. Neutral 3 tone paint, sets the scene for any type of home decor. The kichen is equipped with stainless steel appliances, an island and dining area. Other features of this house include a great room with vaulted ceilings, glass french doors for a home office and a master bedroom including a large walk-in closet and bathroom. The bathroom features a jetted tub, shower and double sinks. Downstairs, you will find a gorgeous finished basement with custom built-in bookcases and a gas fireplace with custom mantle. The basement also includes a large bathroom, 3 bedrooms and a large storage room. Outside, features beautiful landscaping, an over-sized patio and automatic sprinkler...
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By Alan Barker
(Boomerang Leads)
Layton Real Estate: The city of Layton almost saw increases across the board as homes sold went up 11.8% and average price increased 2.8%.  Median range, on the other hand, slipped as sold price of homes in Layton decreased 1.2%.
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By Alan Barker
(Boomerang Leads)
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.
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By Mark Watterson, Utah Real Estate
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 inexperienc...
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
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 fo...
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
* 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
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By Jim McEwen
(Keller Williams Success Realty)
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 near...
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By Mark Watterson, Utah Real Estate
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 inexperien...
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By Diana Demidova
(RealEst)
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...
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By Jim McEwen
(Keller Williams Success Realty)
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 du...
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By Alan Barker
(Boomerang Leads)
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.
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