Here are some unofficial numbers for homes sold in Pleasant Grove during 2007:
Number of Homes sold: 240
Average Market Time days on Market: 50
Average Home Sales Price $307,993
Median Home Price $257,500
Number of Condo Sales: 163
Average Days on Market: 37
Average Condominium Price: $193,407
Average Median Price: $191,280
Number of Homes in Preforeclosure Status: 35
Number of Bank Owned Homes: 4
Right now there are close to two hundred houses for sale in the Pleasant Grove area. Home prices have increased substantially the past few years. The average price of single family homes in Pleasant Grove listed on the MLS is $414,500 with a median price of almost $330,000. The least expensive house listed $91,000 while the most expensive home is 1.4 million. Houses have been on the market for an average of 87 days, which is much longer than the 2007 average of 50 days.� It looks to me like there has been a little too much speculative building in the high end homes, and they will likely be on the market for a while. Pleasant Grove Foreclosures will likely increase in 2008.
Data gathered from Realty Trac and the WFRMLS.
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