Sorrento Valley Annual Real Estate Market Trends
| Sorrento Valley | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $354,994 | $372,000 | 17 | 43 | 96.6% | |||
| 1999 | $362,795 | $355,000 | 29 | 35 | 97.8% | 2.2% | -4.6% | 70.6% |
| 2000 | $444,677 | $446,250 | 42 | 28 | 97.5% | 22.6% | 25.7% | 44.8% |
| 2001 | $488,514 | $498,250 | 44 | 39 | 97.2% | 9.9% | 11.7% | 4.8% |
| 2002 | $542,441 | $535,000 | 63 | 44 | 96.6% | 11.0% | 7.4% | 43.2% |
| 2003 | $652,351 | $650,000 | 43 | 37 | 96.8% | 20.3% | 21.5% | -31.7% |
| 2004 | $761,533 | $750,000 | 43 | 27 | 96.4% | 16.7% | 15.4% | 0.0% |
| 2005 | $814,411 | $815,000 | 34 | 41 | 96.3% | 6.9% | 8.7% | -20.9% |
| 2006 | $781,397 | $787,500 | 34 | 70 | 95.0% | -4.1% | -3.4% | 0.0% |
| 2007 | $777,400 | $780,000 | 25 | 54 | 94.1% | -0.5% | -1.0% | -26.5% |
| Sorrento Valley | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $161,618 | $166,990 | 32 | 37 | 98.5% | |||
| 1999 | $182,496 | $179,900 | 41 | 25 | 99.1% | 12.9% | 7.7% | 28.1% |
| 2000 | $239,378 | $237,500 | 49 | 28 | 99.3% | 31.2% | 32.0% | 19.5% |
| 2001 | $290,176 | $299,000 | 58 | 25 | 97.9% | 21.2% | 25.9% | 18.4% |
| 2002 | $336,393 | $335,000 | 64 | 22 | 98.2% | 15.9% | 12.0% | 10.3% |
| 2003 | $369,537 | $375,000 | 52 | 28 | 98.7% | 9.9% | 11.9% | -18.8% |
| 2004 | $473,860 | $478,500 | 53 | 24 | 98.3% | 28.2% | 27.6% | 1.9% |
| 2005 | $500,256 | $512,000 | 61 | 48 | 97.6% | 5.6% | 7.0% | 15.1% |
| 2006 | $473,682 | $465,000 | 17 | 53 | 96.3% | -5.3% | -9.2% | -72.1% |
| 2007 | $430,966 | $430,000 | 29 | 65 | 95.7% | -9.0% | -7.5% | 70.6% |
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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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