Encanto Annual Real Estate Market Trends
| Encanto | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $124,297 | $123,950 | 438 | 84 | 97.7% | |||
| 1999 | $135,442 | $135,000 | 521 | 59 | 99.0% | 9.0% | 8.9% | 18.9% |
| 2000 | $163,040 | $165,000 | 525 | 38 | 98.8% | 20.4% | 22.2% | 0.8% |
| 2001 | $191,984 | $190,000 | 390 | 32 | 99.1% | 17.8% | 15.2% | -25.7% |
| 2002 | $240,628 | $244,000 | 488 | 34 | 98.7% | 25.3% | 28.4% | 25.1% |
| 2003 | $297,070 | $298,000 | 497 | 35 | 98.5% | 23.5% | 22.1% | 1.8% |
| 2004 | $389,247 | $386,500 | 544 | 26 | 98.6% | 31.0% | 29.7% | 9.5% |
| 2005 | $444,781 | $440,000 | 529 | 52 | 98.1% | 14.3% | 13.8% | -2.8% |
| 2006 | $441,582 | $435,000 | 351 | 58 | 97.4% | -0.7% | -1.1% | -33.6% |
| 2007 | $386,636 | $385,000 | 246 | 75 | 96.9% | -12.4% | -11.5% | -29.9% |
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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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