Pemeliza

So I went back and tried to replicate the old numbers and they didnt sync up because I couldnt remember exactly which ZIP’s I used in the original post. I ran new numbers for all years back to 2000. They show what a wild year 2003 was!

2000-1469
2001-1241
2002-1780
2003-1540
2004-1480
2005-1373
2006-1179
2007-1247
2008-885
2009-754
2010-TBD

Here is the averages represented by these sales (i.e. average size, selling price and price/sq ft).

2000 2,380 sq ft $623,605 ($263/sq ft)
2001 2,310 sq ft $652,661 ($291/sq ft)
2002 2,427 sq ft $696,409 ($298/sq ft)
2003 2,438 sq ft $795,486 ($340/sq ft)
2004 2,524 sq ft $1,045,310 ($437/sq ft)
2005 2,477 sq ft $1,154,849 ($492/sq ft)
2006 2,540 sq ft $1,204,233 ($500/sq ft)
2007 2,558 sq ft $1,178,553 ($468/sq ft)
2008 2,597 sq ft $1,193,847 ($464/sq ft)
2009 2,490 sq ft $997,868 ($410/sq ft)

A couple interesting things worth noting:

1.) The increase in the size of the average home by more than 10% over the bubble years.

2.) Getting back to 2000 pricing in the prime coastal areas means a decline in the genereal pricing levels by about 50% off peak.