Belvedere Annual Real Estate Trends

Belvedere
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $1,397,050 $1,325,500 40 65 93.4%      
1999 $2,009,148 $1,592,500 50 66 94.6% 43.8% 20.1% 25.0%
2000 $2,665,556 $2,100,000 27 45 95.3% 32.7% 31.9% -46.0%
2001 $2,548,183 $2,037,500 30 86 89.9% -4.4% -3.0% 11.1%
2002 $2,316,156 $2,002,500 32 97 93.9% -9.1% -1.7% 6.7%
2003 $2,039,471 $1,750,000 37 99 95.5% -11.9% -12.6% 15.6%
2004 $2,702,455 $2,200,000 33 78 96.7% 32.5% 25.7% -10.8%
2005 $2,822,051 $2,650,000 37 90 95.1% 4.4% 20.5% 12.1%
2006 $3,145,379 $2,800,000 29 132 96.8% 11.5% 5.7% -21.6%
2007 $3,964,774 $2,850,000 31 116 95.6% 26.1% 1.8% 6.9%

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 2007.