Lemon Grove Annual Real Estate Market Trends
| Lemon Grove | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $139,224 | $140,000 | 205 | 57 | 98.4% | |||
| 1999 | $155,090 | $156,000 | 233 | 41 | 98.9% | 11.4% | 11.4% | 13.7% |
| 2000 | $181,839 | $182,000 | 240 | 30 | 99.2% | 17.2% | 16.7% | 3.0% |
| 2001 | $214,575 | $215,000 | 199 | 31 | 98.4% | 18.0% | 18.1% | -17.1% |
| 2002 | $257,796 | $255,000 | 197 | 30 | 98.5% | 20.1% | 18.6% | -1.0% |
| 2003 | $317,799 | $318,000 | 199 | 27 | 97.9% | 23.3% | 24.7% | 1.0% |
| 2004 | $410,083 | $410,000 | 218 | 28 | 98.1% | 29.0% | 28.9% | 9.5% |
| 2005 | $458,401 | $450,000 | 224 | 41 | 98.4% | 11.8% | 9.8% | 2.8% |
| 2006 | $458,236 | $455,000 | 170 | 56 | 97.2% | 0.0% | 1.1% | -24.1% |
| 2007 | $413,720 | $417,000 | 122 | 69 | 96.5% | -9.7% | -8.4% | -28.2% |
| Lemon Grove | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $70,831 | $64,725 | 8 | 70 | 99.6% | |||
| 1999 | $102,956 | $106,200 | 16 | 60 | 99.8% | 45.4% | 64.1% | 100.0% |
| 2000 | $106,519 | $101,250 | 16 | 31 | 103.0% | 3.5% | -4.7% | 0.0% |
| 2001 | $133,762 | $132,900 | 13 | 28 | 99.9% | 25.6% | 31.3% | -18.8% |
| 2002 | $160,075 | $149,900 | 16 | 25 | 98.2% | 19.7% | 12.8% | 23.1% |
| 2003 | $210,433 | $203,000 | 15 | 34 | 96.6% | 31.5% | 35.4% | -6.3% |
| 2004 | $272,656 | $275,000 | 27 | 17 | 99.7% | 29.6% | 35.5% | 80.0% |
| 2005 | $298,483 | $305,500 | 150 | 34 | 101.0% | 9.5% | 11.1% | 455.6% |
| 2006 | $310,781 | $303,900 | 25 | 58 | 98.9% | 4.1% | -0.5% | -83.3% |
| 2007 | $256,929 | $265,000 | 7 | 89 | 97.2% | -17.3% | -12.8% | -72.0% |
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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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