College Grove Annual Real Estate Market Trends

College Grove
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $173,442 $158,000 473 41 97.5%      
1999 $189,694 $177,000 567 35 98.4% 9.4% 12.0% 19.9%
2000 $226,719 $212,950 492 31 98.0% 19.5% 20.3% -13.2%
2001 $282,154 $259,900 471 40 97.1% 24.5% 22.0% -4.3%
2002 $322,741 $310,000 466 36 97.6% 14.4% 19.3% -1.1%
2003 $395,081 $369,000 487 36 97.4% 22.4% 19.0% 4.5%
2004 $493,671 $468,750 472 29 97.8% 25.0% 27.0% -3.1%
2005 $522,740 $496,000 468 56 96.7% 5.9% 5.8% -0.8%
2006 $522,794 $500,000 369 59 96.6% 0.0% 0.8% -21.2%
2007 $510,536 $479,000 263 74 96.4% -2.3% -4.2% -28.7%

College Grove
(Condominiums)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $86,259 $85,000 66 57 97.3%      
1999 $99,794 $95,500 152 51 99.1% 15.7% 12.4% 130.3%
2000 $118,019 $114,900 207 29 99.1% 18.3% 20.3% 36.2%
2001 $142,325 $141,250 176 30 98.9% 20.6% 22.9% -15.0%
2002 $179,265 $189,000 199 24 97.8% 26.0% 33.8% 13.1%
2003 $233,431 $239,950 224 34 98.4% 30.2% 27.0% 12.6%
2004 $285,573 $294,900 219 25 98.1% 22.3% 22.9% -2.2%
2005 $293,057 $285,000 266 48 98.0% 2.6% -3.4% 21.5%
2006 $286,977 $287,450 378 56 99.1% -2.1% 0.9% 42.1%
2007 $261,228 $265,000 187 73 96.8% -9.0% -7.8% -50.5%

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DEFINITIONS

Median Price
Median Price is the price at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
SP/LP
The average selling price divided by the average list price.