Dillon Beach Annual Real Estate Trends

Dillon Beach
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $335,563 $273,750 8 78 94.6%      
1999 $339,020 $310,000 15 88 94.7% 1.0% 13.2% 87.5%
2000 $472,889 $474,750 18 79 96.1% 39.5% 53.1% 20.0%
2001 $446,163 $432,500 15 183 95.3% -5.7% -8.9% -16.7%
2002 $528,654 $495,000 13 90 96.7% 18.5% 14.5% -13.3%
2003 $565,792 $527,500 12 93 97.1% 7.0% 6.6% -7.7%
2004 $747,626 $770,000 19 114 97.1% 32.1% 46.0% 58.3%
2005 $833,633 $820,000 15 72 95.7% 11.5% 6.5% -21.1%
2006 $898,000 $800,000 12 140 95.9% 7.7% -2.4% -20.0%
2007 $906,611 $807,000 9 110 93.5% 1.0% 0.9% -25.0%

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.