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 | $491,821 | $473,500 | 528 | 24 | 98.0% | 17.6% | 15.5% | -19.6% |
| 2004 | $650,148 | $630,890 | 509 | 27 | 98.0% | 32.2% | 33.2% | -3.6% |
| 2005 | $698,835 | $665,000 | 517 | 37 | 97.2% | 7.5% | 5.4% | 1.6% |
| 2006 | $678,144 | $657,000 | 383 | 58 | 96.5% | -3.0% | -1.2% | -25.9% |
| 2007 | $675,252 | $650,000 | 326 | 51 | 96.7% | -0.4% | -1.1% | -14.9% |
| 2008 | $598,002 | $573,500 | 280 | 54 | 96.4% | -11.4% | -11.8% | -14.1% |
| 2009 | $567,621 | $540,000 | 305 | 52 | 98.0% | -5.1% | -5.8% | 8.9% |
| 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 | $269,939 | $255,000 | 284 | 30 | 98.1% | 21.0% | 19.4% | 20.3% |
| 2004 | $363,771 | $346,500 | 242 | 20 | 98.8% | 34.8% | 35.9% | -14.8% |
| 2005 | $384,485 | $347,700 | 208 | 51 | 97.6% | 5.7% | 0.3% | -14.0% |
| 2006 | $373,327 | $350,000 | 189 | 64 | 96.8% | -2.9% | 0.7% | -9.1% |
| 2007 | $356,661 | $350,000 | 154 | 57 | 96.5% | -4.5% | 0.0% | -18.5% |
| 2008 | $267,158 | $231,500 | 162 | 64 | 98.3% | -25.1% | -33.9% | 5.2% |
| 2009 | $255,771 | $220,000 | 176 | 50 | 99.4% | -4.3% | -5.0% | 8.6% |
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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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