Del Cerro Annual Real Estate Market Trends
| Del Cerro | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $248,689 | $219,900 | 294 | 41 | 96.9% | |||
| 1999 | $281,082 | $240,000 | 246 | 40 | 96.8% | 13.0% | 9.1% | -16.3% |
| 2000 | $309,878 | $279,000 | 263 | 29 | 97.5% | 10.2% | 16.3% | 6.9% |
| 2001 | $350,184 | $310,000 | 244 | 33 | 97.1% | 13.0% | 11.1% | -7.2% |
| 2002 | $409,814 | $375,000 | 284 | 36 | 97.7% | 17.0% | 21.0% | 16.4% |
| 2003 | $484,890 | $445,000 | 272 | 36 | 97.5% | 18.3% | 18.7% | -4.2% |
| 2004 | $608,908 | $565,000 | 285 | 29 | 98.0% | 25.6% | 27.0% | 4.8% |
| 2005 | $637,720 | $600,000 | 232 | 44 | 96.4% | 4.7% | 6.2% | -18.6% |
| 2006 | $612,495 | $565,000 | 224 | 58 | 95.7% | -4.0% | -5.8% | -3.4% |
| 2007 | $602,346 | $553,250 | 186 | 60 | 96.3% | -1.7% | -2.1% | -17.0% |
| Del Cerro | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $115,841 | $93,500 | 67 | 40 | 98.3% | |||
| 1999 | $130,145 | $98,500 | 115 | 30 | 98.7% | 12.3% | 5.3% | 71.6% |
| 2000 | $142,451 | $115,950 | 102 | 20 | 98.5% | 9.5% | 17.7% | -11.3% |
| 2001 | $182,129 | $151,750 | 94 | 28 | 98.0% | 27.9% | 30.9% | -7.8% |
| 2002 | $228,145 | $222,000 | 98 | 18 | 98.8% | 25.3% | 46.3% | 4.3% |
| 2003 | $261,622 | $228,450 | 132 | 38 | 97.9% | 14.7% | 2.9% | 34.7% |
| 2004 | $336,497 | $320,000 | 119 | 21 | 98.0% | 28.6% | 40.1% | -9.8% |
| 2005 | $359,591 | $365,000 | 142 | 46 | 97.5% | 6.9% | 14.1% | 19.3% |
| 2006 | $331,267 | $297,000 | 90 | 62 | 96.5% | -7.9% | -18.6% | -36.6% |
| 2007 | $304,508 | $312,500 | 106 | 68 | 96.1% | -8.1% | 5.2% | 17.8% |
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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.
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