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November 26, 2006

CONDOS % Change from Year Before
Area Year Sales Median Price Average Price DOM New Listings Sales Median Price Average Price New Listings
LG 1997 120 $307,500 $331,610 38 172
LG 1998 141 $369,500 $371,263 38 202 17.5% 20.2% 12.0% 17.4%
LG 1999 139 $415,000 $401,278 41 185 -1.4% 12.3% 8.1% -8.4%
LG 2000 142 $549,500 $546,117 27 168 2.2% 32.4% 36.1% -9.2%
LG 2001 87 $487,500 $508,365 63 243 -38.7% -11.3% -6.9% 44.6%
LG 2002 148 $507,500 $532,005 65 280 70.1% 4.1% 4.7% 15.2%
LG 2003 159 $529,000 $531,194 90 277 7.4% 4.2% -0.2% -1.1%
LG 2004 169 $563,000 $590,146 41 248 6.3% 6.4% 11.1% -10.5%
LG 2005 163 $650,000 $670,409 36 222 -3.6% 15.5% 13.6% -10.5%

DEFINITIONS

Med. Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Ave. Price
Average Price is the sum of all prices divided by the number of sales.
Ave. DOM
Average Days on Market is the average time it took to sell all properties.
Newly Listed
How many properties came on the market in the given time period.

Info by Rick Campbell of The RE Report (a subscription I have)

Mary Pope-Handy, Realtor, CRS, ABR, e-PRO, SRES, ASP, RECS, CNHS
Helping Nice Folks to Buy & Sell Homes Since 1993
Co-Author: “Get The Best Deal When Selling Your Home In Silicon Valley”
Intero Real Estate Services, Los Gatos, CA (Silicon Valley)
408 357-5760 (Direct); 408 204-7673 (Cell); 408 715-0201 (eFax)
www.PopeHandy.com www.ValleyOfHeartsDelight.com
emailto: Mary@PopeHandy.com
Blog: www.LiveInLosGatos.com

 

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