Rancho Bernardo Annual Real Estate Market Trends
| Rancho Bernardo | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $274,748 | $261,000 | 899 | 34 | 97.6% | |||
| 1999 | $299,276 | $281,000 | 977 | 37 | 97.3% | 8.9% | 7.7% | 8.7% |
| 2000 | $349,864 | $325,000 | 911 | 33 | 97.1% | 16.9% | 15.7% | -6.8% |
| 2001 | $384,525 | $358,000 | 880 | 41 | 96.5% | 9.9% | 10.2% | -3.4% |
| 2002 | $437,173 | $415,000 | 1,088 | 36 | 97.1% | 13.7% | 15.9% | 23.6% |
| 2003 | $523,509 | $480,000 | 1,209 | 32 | 97.6% | 19.7% | 15.7% | 11.1% |
| 2004 | $682,252 | $615,000 | 999 | 30 | 97.7% | 30.3% | 28.1% | -17.4% |
| 2005 | $786,819 | $665,000 | 1,025 | 49 | 96.4% | 15.3% | 8.1% | 2.6% |
| 2006 | $800,805 | $655,000 | 923 | 64 | 95.9% | 1.8% | -1.5% | -10.0% |
| 2007 | $877,099 | $663,000 | 869 | 62 | 95.6% | 9.5% | 1.2% | -5.9% |
| 2008 | $745,580 | $610,650 | 736 | 67 | 95.4% | -15.0% | -7.9% | -15.3% |
| 2009 | $669,264 | $579,000 | 849 | 65 | 96.7% | -10.2% | -5.2% | 15.4% |
| Rancho Bernardo | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $151,392 | $150,000 | 458 | 35 | 98.2% | |||
| 1999 | $160,412 | $162,000 | 642 | 30 | 98.1% | 6.0% | 8.0% | 40.2% |
| 2000 | $187,294 | $177,750 | 698 | 25 | 98.4% | 16.8% | 9.7% | 8.7% |
| 2001 | $215,151 | $210,000 | 683 | 32 | 98.1% | 14.9% | 18.1% | -2.1% |
| 2002 | $255,764 | $252,000 | 709 | 23 | 98.4% | 18.9% | 20.0% | 3.8% |
| 2003 | $296,814 | $290,000 | 819 | 31 | 98.0% | 16.0% | 15.1% | 15.5% |
| 2004 | $380,249 | $375,000 | 703 | 24 | 98.2% | 28.1% | 29.3% | -14.2% |
| 2005 | $395,881 | $385,250 | 684 | 50 | 96.8% | 4.1% | 2.7% | -2.7% |
| 2006 | $374,917 | $362,500 | 511 | 68 | 96.5% | -5.3% | -5.9% | -25.3% |
| 2007 | $352,164 | $339,500 | 468 | 61 | 95.8% | -6.1% | -6.3% | -8.4% |
| 2008 | $296,377 | $280,000 | 497 | 71 | 97.1% | -15.8% | -17.5% | 6.2% |
| 2009 | $278,175 | $270,000 | 555 | 70 | 98.6% | -6.1% | -3.6% | 11.7% |
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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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