Old Town Annual Real Estate Market Trends
| Old Town | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $275,477 | $259,000 | 110 | 38 | 96.8% | |||
| 1999 | $297,035 | $285,000 | 120 | 49 | 97.0% | 7.8% | 10.0% | 9.1% |
| 2000 | $355,954 | $325,000 | 120 | 43 | 96.7% | 19.8% | 14.0% | 0.0% |
| 2001 | $391,722 | $380,000 | 108 | 39 | 96.6% | 10.0% | 16.9% | -10.0% |
| 2002 | $469,816 | $445,000 | 119 | 44 | 97.2% | 19.9% | 17.1% | 10.2% |
| 2003 | $548,950 | $530,000 | 129 | 46 | 97.1% | 16.8% | 19.1% | 8.4% |
| 2004 | $714,048 | $685,000 | 126 | 43 | 96.8% | 30.1% | 29.2% | -2.3% |
| 2005 | $747,950 | $700,000 | 103 | 62 | 96.0% | 4.7% | 2.2% | -18.3% |
| 2006 | $713,739 | $670,000 | 72 | 63 | 95.7% | -4.6% | -4.3% | -30.1% |
| 2007 | $672,912 | $665,000 | 67 | 76 | 95.2% | -5.7% | -0.7% | -6.9% |
| 2008 | $608,014 | $570,000 | 85 | 61 | 96.1% | -9.6% | -14.3% | 26.9% |
| 2009 | $538,755 | $531,710 | 84 | 69 | 96.3% | -11.4% | -6.7% | -1.2% |
| Old Town | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $132,643 | $127,825 | 120 | 51 | 97.6% | |||
| 1999 | $143,794 | $135,000 | 247 | 38 | 97.8% | 8.4% | 5.6% | 105.8% |
| 2000 | $170,889 | $165,500 | 220 | 23 | 98.6% | 18.8% | 22.6% | -10.9% |
| 2001 | $203,346 | $203,000 | 250 | 31 | 97.8% | 19.0% | 22.7% | 13.6% |
| 2002 | $225,855 | $223,750 | 336 | 26 | 98.4% | 11.1% | 10.2% | 34.4% |
| 2003 | $286,364 | $283,900 | 247 | 31 | 98.2% | 26.8% | 26.9% | -26.5% |
| 2004 | $352,471 | $350,000 | 249 | 25 | 98.3% | 23.1% | 23.3% | 0.8% |
| 2005 | $384,067 | $375,000 | 231 | 56 | 97.0% | 9.0% | 7.1% | -7.2% |
| 2006 | $375,183 | $368,600 | 153 | 72 | 96.5% | -2.3% | -1.7% | -33.8% |
| 2007 | $344,745 | $326,000 | 158 | 57 | 95.2% | -8.1% | -11.6% | 3.3% |
| 2008 | $313,507 | $310,000 | 121 | 70 | 96.7% | -9.1% | -4.9% | -23.4% |
| 2009 | $263,690 | $260,900 | 147 | 61 | 97.9% | -15.9% | -15.8% | 21.5% |
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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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