Mission Hills Annual Real Estate Market Trends
| Mission Hills | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $390,244 | $331,818 | 247 | 46 | 96.1% | |||
| 1999 | $442,536 | $390,000 | 209 | 56 | 95.5% | 13.4% | 17.5% | -15.4% |
| 2000 | $516,767 | $465,000 | 209 | 43 | 96.1% | 16.8% | 19.2% | 0.0% |
| 2001 | $577,843 | $504,000 | 191 | 57 | 95.2% | 11.8% | 8.4% | -8.6% |
| 2002 | $620,685 | $581,000 | 226 | 58 | 95.8% | 7.4% | 15.3% | 18.3% |
| 2003 | $743,654 | $675,000 | 233 | 55 | 96.1% | 19.8% | 16.2% | 3.1% |
| 2004 | $902,941 | $770,000 | 219 | 44 | 97.2% | 21.4% | 14.1% | -6.0% |
| 2005 | $1,028,837 | $865,000 | 165 | 58 | 95.2% | 13.9% | 12.3% | -24.7% |
| 2006 | $916,757 | $812,500 | 152 | 67 | 94.3% | -10.9% | -6.1% | -7.9% |
| 2007 | $962,313 | $821,500 | 138 | 61 | 95.0% | 5.0% | 1.1% | -9.2% |
| Mission Hills | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $162,590 | $151,000 | 189 | 43 | 97.0% | |||
| 1999 | $181,995 | $172,000 | 303 | 40 | 97.0% | 11.9% | 13.9% | 60.3% |
| 2000 | $227,662 | $213,950 | 254 | 30 | 97.8% | 25.1% | 24.4% | -16.2% |
| 2001 | $281,243 | $260,000 | 219 | 39 | 97.6% | 23.5% | 21.5% | -13.8% |
| 2002 | $321,312 | $299,000 | 269 | 41 | 97.3% | 14.2% | 15.0% | 22.8% |
| 2003 | $363,206 | $325,000 | 355 | 53 | 97.6% | 13.0% | 8.7% | 32.0% |
| 2004 | $447,327 | $424,900 | 365 | 26 | 97.4% | 23.2% | 30.7% | 2.8% |
| 2005 | $588,830 | $489,000 | 332 | 55 | 97.2% | 31.6% | 15.1% | -9.0% |
| 2006 | $516,308 | $434,000 | 287 | 68 | 96.3% | -12.3% | -11.2% | -13.6% |
| 2007 | $507,735 | $424,250 | 258 | 73 | 95.5% | -1.7% | -2.2% | -10.1% |
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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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