Yes you can setup a route-map use tracking with ip sla and use the verify reachability command
see
http://www.cisco.com/c/en/us/support/docs/ip/ip-routed-protocols/48003-pbrtracking.html
http://www.cisco.com/c/en/us/td/docs/switches/lan/catalyst3560/software/release/12-2_52_se/configuration/guide/3560scg/sweot.html#wp1084626