Spring Valley Annual Real Estate Market Trends
| Spring Valley | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $155,007 | $154,000 | 554 | 64 | 97.7% | |||
| 1999 | $166,560 | $161,250 | 652 | 50 | 98.4% | 7.5% | 4.7% | 17.7% |
| 2000 | $195,393 | $185,000 | 565 | 38 | 98.8% | 17.3% | 14.7% | -13.3% |
| 2001 | $233,608 | $225,000 | 576 | 42 | 98.3% | 19.6% | 21.6% | 1.9% |
| 2002 | $277,398 | $270,000 | 545 | 39 | 98.2% | 18.7% | 20.0% | -5.4% |
| 2003 | $346,438 | $335,000 | 629 | 40 | 98.0% | 24.9% | 24.1% | 15.4% |
| 2004 | $453,908 | $435,500 | 722 | 29 | 98.1% | 31.0% | 30.0% | 14.8% |
| 2005 | $497,830 | $478,000 | 620 | 53 | 97.5% | 9.7% | 9.8% | -14.1% |
| 2006 | $498,464 | $478,750 | 468 | 64 | 97.2% | 0.1% | 0.2% | -24.5% |
| 2007 | $441,092 | $428,900 | 331 | 65 | 96.8% | -11.5% | -10.4% | -29.3% |
| Spring Valley | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $89,928 | $89,900 | 57 | 68 | 97.6% | |||
| 1999 | $102,919 | $102,750 | 146 | 42 | 99.1% | 14.4% | 14.3% | 156.1% |
| 2000 | $124,185 | $124,000 | 211 | 27 | 99.3% | 20.7% | 20.7% | 44.5% |
| 2001 | $155,887 | $154,200 | 190 | 23 | 99.4% | 25.5% | 24.4% | -10.0% |
| 2002 | $196,426 | $195,900 | 179 | 26 | 99.4% | 26.0% | 27.0% | -5.8% |
| 2003 | $235,735 | $235,000 | 192 | 30 | 98.9% | 20.0% | 20.0% | 7.3% |
| 2004 | $302,662 | $305,000 | 212 | 21 | 99.7% | 28.4% | 29.8% | 10.4% |
| 2005 | $331,975 | $328,000 | 189 | 55 | 98.5% | 9.7% | 7.5% | -10.8% |
| 2006 | $325,490 | $319,000 | 119 | 73 | 98.0% | -2.0% | -2.7% | -37.0% |
| 2007 | $269,278 | $260,000 | 134 | 56 | 97.1% | -17.3% | -18.5% | 12.6% |
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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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