Mission Valley Annual Real Estate Market Trends
| Mission Valley | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $184,215 | $183,250 | 126 | 28 | 98.6% | |||
| 1999 | $212,486 | $204,500 | 156 | 27 | 98.3% | 15.3% | 11.6% | 23.8% |
| 2000 | $252,483 | $243,000 | 170 | 27 | 98.2% | 18.8% | 18.8% | 9.0% |
| 2001 | $290,537 | $275,000 | 164 | 37 | 97.6% | 15.1% | 13.2% | -3.5% |
| 2002 | $367,633 | $341,000 | 155 | 28 | 98.2% | 26.5% | 24.0% | -5.5% |
| 2003 | $418,959 | $399,900 | 193 | 34 | 98.1% | 14.0% | 17.3% | 24.5% |
| 2004 | $524,355 | $500,000 | 215 | 25 | 98.0% | 25.2% | 25.0% | 11.4% |
| 2005 | $570,789 | $535,500 | 180 | 48 | 97.7% | 8.9% | 7.1% | -16.3% |
| 2006 | $534,068 | $510,000 | 142 | 53 | 96.7% | -6.4% | -4.8% | -21.1% |
| 2007 | $516,565 | $495,000 | 147 | 56 | 96.8% | -3.3% | -2.9% | 3.5% |
| Mission Valley | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $106,556 | $93,500 | 294 | 40 | 100.4% | |||
| 1999 | $114,743 | $101,500 | 469 | 30 | 98.6% | 7.7% | 8.6% | 59.5% |
| 2000 | $140,642 | $129,900 | 435 | 19 | 99.2% | 22.6% | 28.0% | -7.2% |
| 2001 | $176,393 | $161,000 | 479 | 26 | 98.4% | 25.4% | 23.9% | 10.1% |
| 2002 | $221,879 | $210,000 | 479 | 22 | 98.9% | 25.8% | 30.4% | 0.0% |
| 2003 | $252,339 | $239,000 | 497 | 28 | 98.2% | 13.7% | 13.8% | 3.8% |
| 2004 | $348,538 | $325,000 | 551 | 25 | 98.4% | 38.1% | 36.0% | 10.9% |
| 2005 | $377,904 | $350,000 | 559 | 54 | 97.1% | 8.4% | 7.7% | 1.5% |
| 2006 | $380,982 | $355,500 | 351 | 58 | 96.2% | 0.8% | 1.6% | -37.2% |
| 2007 | $352,150 | $334,000 | 309 | 66 | 96.2% | -7.6% | -6.0% | -12.0% |
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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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