National City Annual Real Estate Market Trends
| National City | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $118,033 | $120,000 | 132 | 72 | 97.7% | |||
| 1999 | $134,851 | $135,000 | 202 | 73 | 98.1% | 14.2% | 12.5% | 53.0% |
| 2000 | $159,828 | $159,950 | 160 | 41 | 99.2% | 18.5% | 18.5% | -20.8% |
| 2001 | $186,215 | $185,000 | 141 | 44 | 98.6% | 16.5% | 15.7% | -11.9% |
| 2002 | $227,273 | $229,950 | 192 | 35 | 99.0% | 22.0% | 24.3% | 36.2% |
| 2003 | $297,023 | $300,000 | 158 | 37 | 96.8% | 30.7% | 30.5% | -17.7% |
| 2004 | $379,631 | $380,000 | 170 | 29 | 98.6% | 27.8% | 26.7% | 7.6% |
| 2005 | $441,376 | $430,000 | 190 | 44 | 97.8% | 16.3% | 13.2% | 11.8% |
| 2006 | $444,536 | $450,000 | 141 | 61 | 96.3% | 0.7% | 4.7% | -25.8% |
| 2007 | $394,843 | $399,000 | 106 | 66 | 96.5% | -11.2% | -11.3% | -24.8% |
| National City | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $92,504 | $94,750 | 12 | 77 | 98.9% | |||
| 1999 | $97,064 | $89,950 | 28 | 85 | 98.8% | 4.9% | -5.1% | 133.3% |
| 2000 | $108,850 | $112,000 | 24 | 18 | 99.8% | 12.1% | 24.5% | -14.3% |
| 2001 | $130,983 | $126,900 | 26 | 30 | 99.0% | 20.3% | 13.3% | 8.3% |
| 2002 | $175,940 | $161,000 | 26 | 14 | 100.0% | 34.3% | 26.9% | 0.0% |
| 2003 | $218,083 | $220,000 | 43 | 32 | 97.5% | 24.0% | 36.6% | 65.4% |
| 2004 | $292,264 | $287,000 | 39 | 24 | 98.3% | 34.0% | 30.5% | -9.3% |
| 2005 | $319,427 | $315,000 | 55 | 40 | 98.6% | 9.3% | 9.8% | 41.0% |
| 2006 | $240,256 | $199,900 | 97 | 19 | 99.5% | -24.8% | -36.5% | 76.4% |
| 2007 | $251,288 | $247,837 | 22 | 42 | 98.6% | 4.6% | 24.0% | -77.3% |
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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.
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