HILLSBOROUGH SALES ANALYSIS, FIRST HALF of the YEAR
Did you buy in Year 2003? The table below shows 2003 as a favorable year for buyers, as 2004 began a surge that is continuing now, as evidenced by the steadily increasing median sales prices. 2001 reflected a strong first half at the tail end of the dot-com glory days (check out the price per sq. ft.!!!), before 9/11 sucked the wind from the Fall market. Also interesting is the lack of $5M+ luxury sales in the first half of 2003.
| Year | Total MLS Sales, First Half | Avg. Sale Price | Median Sale Price | Avg. DOM | AvgPrice per Sq. Ft. | MLS Sales Above $5,000,000 |
| 2005 | 83 | $2,631,149 | $2,450,000 | 48 | $680 | 2 |
| 2004 | 82 | $2,538,385 | $2,293,125 | 47 | $634 | 2 |
| 2003 | 57 | $2,005,270 | $1,850,000 | 56 | $591 | 0 |
| 2002 | 66 | $2,319,241 | $2,002,500 | 57 | $637 | 2 |
| 2001 | 62 | $2,829,145 | $2,350,000 | 38 | $772 | 3 |
DOM = Days on Market. COE = Close of Escrow Date. © 2005 Geoffrey’s Blog. www.geoffreynelson.com Reproduction of this content, electronic or otherwise, is strictly prohibited. Data provided by RE Infolink. All information deemed reliable but not guaranteed.