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 | $551,746 | $531,500 | 124 | 47 | 97.0% | 17.4% | 19.4% | 4.2% |
| 2004 | $716,463 | $690,000 | 123 | 45 | 96.5% | 29.9% | 29.8% | -0.8% |
| 2005 | $749,449 | $708,500 | 102 | 60 | 95.5% | 4.6% | 2.7% | -17.1% |
| 2006 | $719,446 | $672,500 | 70 | 64 | 95.2% | -4.0% | -5.1% | -31.4% |
| 2007 | $678,974 | $665,000 | 67 | 76 | 95.7% | -5.6% | -1.1% | -4.3% |
| 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 | $286,748 | $284,200 | 246 | 32 | 97.9% | 27.0% | 27.0% | -26.8% |
| 2004 | $352,734 | $350,000 | 243 | 25 | 98.1% | 23.0% | 23.2% | -1.2% |
| 2005 | $385,060 | $375,000 | 225 | 55 | 97.0% | 9.2% | 7.1% | -7.4% |
| 2006 | $377,300 | $375,000 | 147 | 72 | 96.6% | -2.0% | 0.0% | -34.7% |
| 2007 | $343,070 | $327,000 | 153 | 58 | 94.6% | -9.1% | -12.8% | 4.1% |
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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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