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Pleasant Grove Utah Market 

Updates on the Pleasant Grove Utah Real Estate Market

The number of homes for sale in Pleasant Grove Utah typically fluctuates between 50-100 available homes. The Pleasant Grove Utah real estate market was slow between 2007-2011. The market was full of Pleasant Grove Utah short sales and Pleasant Grove Utah bank foreclosures. In fact, during these years about 50% of the homes were distressed properties. However, at the begining of 2012 the Pleasant Grove Utah Market started moving again and prices started increasing thru 2013-2016.

Paul Teasdale the principal broker of Team Teasdale Realty makes regular youtube videos about the current Saratoga Springs Utah Market. This video is very relevant to the Pleasant Grove Utah Market. I encourage you to watch it and familiarize yourself with the current direction of the Pleasant Grove market. If you have specific questions about the real estate market feel free to contact Paul Teasdale directly. Contact Paul Teasdale

Homes SOLD in Pleasant Grove

The number of homes sold in Pleasant Grove Utah is increasing. Approximately 29% of the homes on the MLS sold in May of 2013. Historically this is a very high number. The Pleasant Grove Utah real estate market is a strong sellers market at this time and should remain strong unless interest rates rise up to the 6-7% range. If you look at the graph below you will notice the percentage of homes selling in Utah County has increased every years since 2007. We have to be careful not to create another bubble like the 2004-2007 market run up.

Pleasant Grove Utah Homes SOLD in 2012

The number of Pleasant Grove Utah Homes SOLD in the first half of 2012 was 149. Compared to 143 sold in 2011. The average sold price in Pleasant Grove UT is as follows:

2007:  $258,166
2008:  $257,762
2009:  $235,725
2010:  $205,856
2011:  $186,487
2012:  $192,817

The average sold price of homes in PG has slightly raised in 2012 over 2011. It had been falling in 2008, 2009, 2010 and 2011. The real estate market in Pleasant Grove has improved over the past 9 months.

Pleasant Grove Utah Market

The graph above represents all homes sold in Pleasant Grove over the past 6 years. This data includes residential homes for sale, condos, townhomes, twinhomes.  It excludes lots and commercial properties. This data is compiles by the Utah County Association of Realtors and does not include for sale by owner homes sold. Are you looking for more information about the Pleasant Grove Utah Market? Contact Paul Teasdale.

Search homes for sale in Pleasant Grove Utah

Pleasant Grove Real Estate Listings

The total number of Pleasant Grove Real Estate Listings was 112 in December of 2011.  The number of homes for sale has dropped to 44 in May of 2012.  Historically year after year the number of homes for sale is much greater in the Spring as compared to the Summer.  Here we are will a lower supply of homes for sale in the Spring of 2012.  How could this happen?  It is simple.  After five years of a suppressed real estate market and low interest rates buyers are back and buying homes in Pleasant Grove.

Short Sale in Pleasant Grove Utah Have Dropped by 78%.

It is interesting to note the number of short sales in Pleasant Grove Utah has been in decline over the past few months.  In fact, we had 51 unapproved and approved short sales for sale in December of 2011.  We now have 11 unapproved and approved short sales for sale in Pleasant Grove.

Bank Foreclosures in Pleasant Grove

The number of Bank Foreclosures in Pleasant Grove have remain the same over the past six months.  We currently have 3 bank foreclosures and 2 HUD homes for sale in Pleasant Grove.  The number of bank foreclosures and HUD homes have been decreasing in Utah County over the past six months.

pleasant grove listings


The Real Estate Market is Heating up in Pleasant Grove

Many buyers and sellers welcome the new healthier market to Pleasant Grove.  One thing that could send this market back down is interest rates.  Currently buyers in Utah County are getting loans between 3.5 to 4% on their homes.  If the rates jump the market will drop.  Many buyers are taking advantage of the low interest rates.  If you are looking for a Realtor in Pleasant Grove contact Team Teasdale Realty.

Search Real Estate for Sale in Pleasant Grove Utah

If you are looking to buy a home in Pleasant Grove and are looking for a Realtor consider contacting Paul Teasdale of Team Teasdale Realty. Feel free to search our database of homes for sale in Pleasant Grove Utah. This database is a live feed from the Realtors MLS and has all 118 homes for sale in Pleasant Grove Utah. You will also be able to search all 2978 homes for sale in Utah County.

Price a Home in Pleasant Grove Utah

It is important to price a home in Pleasant Grove Utah correctly. Don’t overprice a house or it won’t get any showings.  Have a Realtor help you determine your home’s value with a CMA.  Team Teasdale Realty will help you evaluate your home’s value. When a home is first placed on the market in Pleasant Grove, Utah it is very popular. The longer it remains on the market the less the buyer will typically want to see the home.  After 60 days, demand and interest may decrease.

On the other hand, don’t worry about pricing it too low because homes in Pleasant Grove priced below market value often will receive multiple offers, which will drive up the price in the Pleasant Grove market. Pricing a a home correctly in the beginning is very important. Pricing is all about supply and demand. Realtors in Pleasant Grove may not always agree on the price of a home.

Look for Comparable Listings and Sales

When selling a home in Pleasant Grove Utah consider finding comparables to your home. Get a list of homes that are active or have recently sold in your subdivision. Compare your home to homes with similar traits and square footage. If you have a rambler compare your home to other ramblers in your neighborhood.

Another thing to consider in pricing a home in Pleasant Grove UT is to determine the age of the home – one neighborhood might have homes that were built during the 1950s, while another are built in the 1980s. The cost of two homes in Pleasant Grove will differ significantly due to their age.

Sold Comps in Pleasant Grove Utah

Find the homes that are the most comparable to your home. Team Teasdale Realty will provide you with a FREE CMA on your homes value. When selling a seller should price a home in Pleasant Grove Utah correctly.

Pending Sales in Pleasant Grove, UT

The selling prices of pending sales in Pleasant Grove are unknown; until such time that the transaction deal is closed and sold. Be wary of the number of days in the market, for this may have a direct impact on how long it could take before you will see an offer for such home. Look at the history of the home listings in Pleasant Grove UT to figure out the price reductions.

Paul Teasdale has been selling homes in Pleasant Grove Utah since 1995 and would be happy to take a look at your home and help you determine the value.  Request a FREE comparative market analysis of your home for sale in Pleasant Grove UT. Feel free to review our marketing plan to sell a home in Pleasant Grove, Utah. To Price a Home in Pleasant Grove Utah contact Team Teasdale Realty.

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