Kenwood Annual Real Estate Trends

Kenwood
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $517,091 $379,000 27 98 96.6%      
1999 $604,925 $430,000 36 56 95.5% 17.0% 13.5% 33.3%
2000 $804,676 $551,250 34 63 97.6% 33.0% 28.2% -5.6%
2001 $518,194 $343,000 18 77 93.8% -35.6% -37.8% -47.1%
2002 $721,060 $620,000 25 73 98.8% 39.1% 80.8% 38.9%
2003 $891,250 $668,750 22 108 94.3% 23.6% 7.9% -12.0%
2004 $978,930 $895,000 31 84 96.2% 9.8% 33.8% 40.9%
2005 $1,339,926 $1,100,000 27 93 95.4% 36.9% 22.9% -12.9%
2006 $1,323,517 $914,000 30 116 97.4% -1.2% -16.9% 11.1%
2007 $1,485,632 $1,639,500 22 122 94.5% 12.2% 79.4% -26.7%
2008 $1,014,253 $755,000 27 98 94.2% -31.7% -53.9% 22.7%
2009 $967,824 $777,000 16 160 90.4% -4.6% 2.9% -40.7%
2010 $872,863 $540,000 16 139 95.5% -9.8% -30.5% 0.0%
2011 $780,544 $505,000 29 106 94.8% -10.6% -6.5% 81.3%

DEFINITIONS

Median Price
Median Price is that 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 the average time it took to sell all properties.
SP/LP
The average selling price divided by the average list price.

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Based on information from BAREIS for the period January, 1998 through January, 2009.