Penngrove Annual Real Estate Trends

Penngrove
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $449,072 $345,000 43 94 94.0%      
1999 $442,041 $407,500 38 85 98.0% -1.6% 18.1% -11.6%
2000 $540,237 $499,950 51 54 96.9% 22.2% 22.7% 34.2%
2001 $685,147 $659,000 35 89 96.5% 26.8% 31.8% -31.4%
2002 $613,515 $607,500 34 107 97.2% -10.5% -7.8% -2.9%
2003 $650,228 $638,000 44 73 97.8% 6.0% 5.0% 29.4%
2004 $775,139 $767,500 36 94 97.2% 19.2% 20.3% -18.2%
2005 $923,611 $885,000 27 111 100.3% 19.2% 15.3% -25.0%
2006 $1,055,185 $915,000 27 101 94.9% 14.2% 3.4% 0.0%
2007 $829,744 $812,500 16 113 96.8% -21.4% -11.2% -40.7%

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 September, 2007.