Otay Mesa Annual Real Estate Market Trends
| Otay Mesa | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $144,350 | $143,000 | 235 | 73 | 98.5% | |||
| 1999 | $158,444 | $156,000 | 286 | 57 | 100.3% | 9.8% | 9.1% | 21.7% |
| 2000 | $184,089 | $183,000 | 246 | 36 | 99.4% | 16.2% | 17.3% | -14.0% |
| 2001 | $224,986 | $219,000 | 251 | 37 | 98.5% | 22.2% | 19.7% | 2.0% |
| 2002 | $280,563 | $270,000 | 336 | 32 | 98.4% | 24.7% | 23.3% | 33.9% |
| 2003 | $356,996 | $339,000 | 378 | 37 | 98.2% | 27.2% | 25.6% | 12.5% |
| 2004 | $485,815 | $455,000 | 498 | 30 | 98.1% | 36.1% | 34.2% | 31.7% |
| 2005 | $555,202 | $520,000 | 447 | 52 | 97.6% | 14.3% | 14.3% | -10.2% |
| 2006 | $545,423 | $525,000 | 325 | 66 | 97.4% | -1.8% | 1.0% | -27.3% |
| 2007 | $469,885 | $461,250 | 178 | 73 | 97.4% | -13.8% | -12.1% | -45.2% |
| Otay Mesa | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $87,441 | $90,000 | 38 | 86 | 97.4% | |||
| 1999 | $99,274 | $100,000 | 86 | 62 | 98.9% | 13.5% | 11.1% | 126.3% |
| 2000 | $114,107 | $117,250 | 136 | 35 | 99.7% | 14.9% | 17.3% | 58.1% |
| 2001 | $142,597 | $144,750 | 114 | 30 | 98.8% | 25.0% | 23.5% | -16.2% |
| 2002 | $178,026 | $180,000 | 131 | 27 | 99.2% | 24.8% | 24.4% | 14.9% |
| 2003 | $235,527 | $235,000 | 144 | 29 | 98.6% | 32.3% | 30.6% | 9.9% |
| 2004 | $316,346 | $315,000 | 172 | 24 | 99.2% | 34.3% | 34.0% | 19.4% |
| 2005 | $360,976 | $355,000 | 180 | 45 | 97.8% | 14.1% | 12.7% | 4.7% |
| 2006 | $361,217 | $360,000 | 111 | 69 | 97.8% | 0.1% | 1.4% | -38.3% |
| 2007 | $312,373 | $308,000 | 71 | 91 | 97.6% | -13.5% | -14.4% | -36.0% |
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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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