Rancho Penasquitos Annual Real Estate Market Trends
| Rancho Penasquitos | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $259,293 | $252,250 | 634 | 26 | 98.1% | |||
| 1999 | $288,117 | $279,000 | 613 | 30 | 97.6% | 11.1% | 10.6% | -3.3% |
| 2000 | $337,091 | $329,000 | 487 | 24 | 98.1% | 17.0% | 17.9% | -20.6% |
| 2001 | $377,314 | $363,500 | 528 | 35 | 97.6% | 11.9% | 10.5% | 8.4% |
| 2002 | $418,133 | $410,000 | 657 | 29 | 97.7% | 10.8% | 12.8% | 24.4% |
| 2003 | $490,852 | $470,000 | 512 | 24 | 98.0% | 17.4% | 14.6% | -22.1% |
| 2004 | $650,283 | $630,890 | 494 | 27 | 97.9% | 32.5% | 34.2% | -3.5% |
| 2005 | $699,768 | $665,000 | 505 | 39 | 97.1% | 7.6% | 5.4% | 2.2% |
| 2006 | $678,011 | $657,000 | 373 | 57 | 96.3% | -3.1% | -1.2% | -26.1% |
| 2007 | $675,252 | $650,000 | 326 | 48 | 96.6% | -0.4% | -1.1% | -12.6% |
| 2008 | $593,217 | $567,500 | 286 | 50 | 96.2% | -12.1% | -12.7% | -12.3% |
| Rancho Penasquitos | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $118,023 | $109,000 | 147 | 32 | 98.4% | |||
| 1999 | $134,793 | $121,000 | 242 | 33 | 98.7% | 14.2% | 11.0% | 64.6% |
| 2000 | $154,346 | $145,000 | 224 | 21 | 98.4% | 14.5% | 19.8% | -7.4% |
| 2001 | $187,542 | $175,700 | 230 | 29 | 98.7% | 21.5% | 21.2% | 2.7% |
| 2002 | $223,076 | $213,500 | 236 | 25 | 98.8% | 18.9% | 21.5% | 2.6% |
| 2003 | $270,034 | $255,000 | 278 | 31 | 98.0% | 21.1% | 19.4% | 17.8% |
| 2004 | $362,341 | $345,000 | 229 | 19 | 98.8% | 34.2% | 35.3% | -17.6% |
| 2005 | $385,755 | $347,500 | 199 | 52 | 97.4% | 6.5% | 0.7% | -13.1% |
| 2006 | $371,724 | $349,500 | 182 | 64 | 96.6% | -3.6% | 0.6% | -8.5% |
| 2007 | $356,661 | $350,000 | 154 | 54 | 96.4% | -4.1% | 0.1% | -15.4% |
| 2008 | $261,090 | $230,000 | 151 | 60 | 97.4% | -26.8% | -34.3% | -1.9% |
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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.
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