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 $689,194 $610,000 163 47 97.0% 13.4% 12.5% -14.7%
2004 $830,572 $745,000 163 39 96.9% 20.5% 22.1% 0.0%
2005 $907,069 $806,500 128 50 95.4% 9.2% 8.3% -21.5%
2006 $858,576 $790,000 130 69 94.7% -5.3% -2.0% 1.6%
2007 $866,582 $789,500 120 72 94.4% 0.9% -0.1% -7.7%

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 $343,666 $329,000 108 28 98.1% 23.9% 21.9% -24.5%
2004 $412,394 $420,000 106 25 98.5% 20.0% 27.7% -1.9%
2005 $436,758 $422,000 113 50 97.6% 5.9% 0.5% 6.6%
2006 $433,973 $409,000 114 52 97.3% -0.6% -3.1% 0.9%
2007 $417,351 $406,000 89 76 96.2% -3.8% -0.7% -21.9%

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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.