La Mesa Annual Real Estate Market Trends
| La Mesa | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $220,090 | $190,000 | 692 | 49 | 97.0% | |||
| 1999 | $234,123 | $206,500 | 668 | 44 | 97.2% | 6.4% | 8.7% | -3.5% |
| 2000 | $275,906 | $239,900 | 614 | 38 | 97.0% | 17.8% | 16.2% | -8.1% |
| 2001 | $305,538 | $274,900 | 579 | 45 | 96.8% | 10.7% | 14.6% | -5.7% |
| 2002 | $370,405 | $329,000 | 622 | 40 | 97.2% | 21.2% | 19.7% | 7.4% |
| 2003 | $427,856 | $385,000 | 618 | 38 | 96.9% | 15.5% | 17.0% | -0.6% |
| 2004 | $543,521 | $495,000 | 602 | 34 | 97.1% | 27.0% | 28.6% | -2.6% |
| 2005 | $569,410 | $517,250 | 568 | 55 | 96.0% | 4.8% | 4.5% | -5.6% |
| 2006 | $568,741 | $514,000 | 474 | 66 | 95.5% | -0.1% | -0.6% | -16.5% |
| 2007 | $545,411 | $490,000 | 398 | 66 | 95.7% | -4.1% | -4.7% | -16.0% |
| La Mesa | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $112,342 | $110,500 | 149 | 59 | 97.8% | |||
| 1999 | $113,431 | $116,100 | 221 | 42 | 98.3% | 1.0% | 5.1% | 48.3% |
| 2000 | $134,743 | $130,000 | 213 | 22 | 99.0% | 18.8% | 12.0% | -3.6% |
| 2001 | $165,493 | $159,950 | 204 | 22 | 98.5% | 22.8% | 23.0% | -4.2% |
| 2002 | $197,450 | $190,000 | 228 | 28 | 98.8% | 19.3% | 18.8% | 11.8% |
| 2003 | $249,035 | $245,000 | 214 | 25 | 98.4% | 26.1% | 28.9% | -6.1% |
| 2004 | $314,169 | $310,000 | 222 | 26 | 98.4% | 26.2% | 26.5% | 3.7% |
| 2005 | $340,416 | $340,000 | 238 | 52 | 98.0% | 8.4% | 9.7% | 7.2% |
| 2006 | $317,457 | $305,000 | 148 | 72 | 97.2% | -6.7% | -10.3% | -37.8% |
| 2007 | $305,608 | $296,500 | 143 | 79 | 96.4% | -3.7% | -2.8% | -3.4% |
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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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