Pleasant Grove Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$152,000 |
| Average Condo Price
(Sold) |
$156,425 |
| Low Condo Price
(Sold) |
$108,150 |
| High Condo Price
(Sold) |
$213,000 |
| Number of Condos Sold |
109 |
| Average Days on Market Until Sold |
78 |
________________________________________________________
|
Demand
|
Pleasant Grove
condo demand was
flat in 2009. The
average number of
days a condo stayed
listed on the market
increased by more
than 15 days but
remains 12 days less
than the state
average to sell a
condo. Pleasant
Grove is a
significant condo
market for Utah
County, achieving
14% of the condos
sold in 2009. |
|
Supply
|
Pleasant Grove
urrently has 59
condos listed on the
market for sale,
representing a 6.5
month supply.
|
|
Price
|
Pleasant Grove condo
prices have fallen
this past year. The
average condo price
sold was $156,425.
Prices are nearly
$27,000 below the
state average. |
|
Conclusion
|
The Pleasant Grove condo
market is
currently a buyer's
market with flat
demand and lower
prices. Supply is
just above 6 months
which may apply
pressure to raise
prices slightly in
2010. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Pleasant Grove
Condo Market
________________________________________________________
Search for Pleasant Grove Condos
Barry J. Preusz,
REALTOR®, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale Utah, 84047
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.com
All Rights Reserved
|
