Ocean Beach Annual Real Estate Market Trends
| Ocean Beach | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $349,585 | $309,500 | 178 | 57 | 95.9% | |||
| 1999 | $389,844 | $350,000 | 192 | 51 | 96.8% | 11.5% | 13.1% | 7.9% |
| 2000 | $459,951 | $403,750 | 168 | 48 | 96.8% | 18.0% | 15.4% | -12.5% |
| 2001 | $507,302 | $475,000 | 155 | 44 | 96.3% | 10.3% | 17.6% | -7.7% |
| 2002 | $607,978 | $542,000 | 191 | 41 | 96.6% | 19.8% | 14.1% | 23.2% |
| 2003 | $683,588 | $605,000 | 171 | 48 | 97.4% | 12.4% | 11.6% | -10.5% |
| 2004 | $825,214 | $740,000 | 167 | 39 | 97.4% | 20.7% | 22.3% | -2.3% |
| 2005 | $908,256 | $806,500 | 132 | 49 | 96.2% | 10.1% | 9.0% | -21.0% |
| 2006 | $856,855 | $790,000 | 132 | 69 | 95.1% | -5.7% | -2.0% | 0.0% |
| 2007 | $863,064 | $782,950 | 122 | 71 | 95.0% | 0.7% | -0.9% | -7.6% |
| 2008 | $819,057 | $710,000 | 104 | 70 | 96.4% | -5.1% | -9.3% | -14.8% |
| 2009 | $684,660 | $635,000 | 113 | 60 | 98.2% | -16.4% | -10.6% | 8.7% |
| Ocean Beach | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $152,664 | $145,200 | 81 | 55 | 97.7% | |||
| 1999 | $158,378 | $139,000 | 133 | 38 | 98.2% | 3.7% | -4.3% | 64.2% |
| 2000 | $192,519 | $185,000 | 125 | 32 | 98.8% | 21.6% | 33.1% | -6.0% |
| 2001 | $243,721 | $224,750 | 112 | 39 | 97.8% | 26.6% | 21.5% | -10.4% |
| 2002 | $277,484 | $270,000 | 143 | 30 | 98.1% | 13.9% | 20.1% | 27.7% |
| 2003 | $339,294 | $325,000 | 112 | 28 | 98.1% | 22.3% | 20.4% | -21.7% |
| 2004 | $411,501 | $420,000 | 109 | 25 | 98.8% | 21.3% | 29.2% | -2.7% |
| 2005 | $433,569 | $422,000 | 119 | 45 | 97.9% | 5.4% | 0.5% | 9.2% |
| 2006 | $433,026 | $406,000 | 115 | 52 | 97.4% | -0.1% | -3.8% | -3.4% |
| 2007 | $420,777 | $412,500 | 93 | 79 | 96.3% | -2.8% | 1.6% | -19.1% |
| 2008 | $380,571 | $387,000 | 53 | 71 | 95.9% | -9.6% | -6.2% | -43.0% |
| 2009 | $323,587 | $278,500 | 58 | 83 | 97.2% | -15.0% | -28.0% | 9.4% |
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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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