Corte Madera Annual Real Estate Trends

Corte Madera
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $442,740 $415,000 103 35 99.9%      
1999 $570,569 $522,000 106 28 101.4% 28.9% 25.8% 2.9%
2000 $652,616 $611,000 118 22 103.7% 14.4% 17.0% 11.3%
2001 $726,372 $655,000 89 55 98.4% 11.3% 7.2% -24.6%
2002 $777,836 $750,000 110 49 99.6% 7.1% 14.5% 23.6%
2003 $781,039 $757,000 97 46 100.2% 0.4% 0.9% -11.8%
2004 $944,581 $900,000 97 37 102.2% 20.9% 18.9% 0.0%
2005 $1,124,195 $1,010,000 103 40 100.9% 19.0% 12.2% 6.2%
2006 $1,074,040 $982,500 86 46 99.6% -4.5% -2.7% -16.5%
2007 $1,348,974 $1,040,000 93 48 97.1% 25.6% 5.9% 8.1%

Corte Madera
(Condos & Town Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $257,487 $255,500 30 41 100.1%      
1999 $316,430 $321,000 30 28 100.7% 22.9% 25.6% 0.0%
2000 $364,167 $380,000 27 23 102.3% 15.1% 18.4% -10.0%
2001 $420,482 $420,000 28 30 101.5% 15.5% 10.5% 3.7%
2002 $477,503 $461,375 38 42 101.0% 13.6% 9.9% 35.7%
2003 $462,997 $460,000 31 48 100.5% -3.0% -0.3% -18.4%
2004 $592,861 $550,000 37 30 103.4% 28.0% 19.6% 19.4%
2005 $629,963 $615,000 27 33 103.7% 6.3% 11.8% -27.0%
2006 $670,300 $666,000 20 62 99.1% 6.4% 8.3% -25.9%
2007 $668,524 $686,000 21 63 97.4% -0.3% 3.0% 5.0%

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.