Escondido Annual Real Estate Market Trends

Escondido
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $217,317 $182,500 1,751 57 97.1%      
1999 $234,615 $198,000 1,803 51 97.4% 8.0% 8.5% 3.0%
2000 $278,147 $234,950 1,790 45 97.0% 18.6% 18.7% -0.7%
2001 $301,895 $260,000 1,671 46 97.2% 8.5% 10.7% -6.6%
2002 $352,382 $310,000 1,822 44 97.2% 16.7% 19.2% 9.0%
2003 $405,990 $359,000 1,879 44 97.3% 15.2% 15.8% 3.1%
2004 $527,702 $469,000 1,955 35 97.4% 30.0% 30.6% 4.0%
2005 $570,079 $515,000 1,732 52 97.1% 8.0% 9.8% -11.4%
2006 $584,708 $525,000 1,280 64 96.6% 2.6% 1.9% -26.1%
2007 $556,037 $490,000 878 74 95.8% -4.9% -6.7% -31.4%

Escondido
(Condominiums)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $103,251 $100,050 262 60 97.7%      
1999 $109,493 $112,000 363 40 99.1% 6.0% 11.9% 38.5%
2000 $125,040 $126,000 431 27 99.1% 14.2% 12.5% 18.7%
2001 $152,811 $153,000 391 32 98.7% 22.2% 21.4% -9.3%
2002 $178,625 $175,000 394 26 98.8% 16.9% 14.4% 0.8%
2003 $214,914 $212,750 506 37 98.6% 20.3% 21.6% 28.4%
2004 $278,680 $270,000 476 26 98.8% 29.7% 26.9% -5.9%
2005 $318,711 $314,450 402 52 97.9% 14.4% 16.5% -15.5%
2006 $311,125 $315,011 354 77 98.3% -2.4% 0.2% -11.9%
2007 $285,615 $285,350 222 80 97.7% -8.2% -9.4% -37.3%

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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.