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Below are tables which indicate the direction of the Real Estate market in Hyde Park. As you will see the market has been trending upwards for several years. This past year does not seem to be an exception. On the whole 2007 saw a moderate increase average, and median, prices for residential properties sold. Properties were on the market for about the same period of time they have been in the past. The year did see the least number of properties sold since before 2000.
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|
Year
|
Days On Market
(Average)
|
Sales Price
(Average)
|
Sales Price
(Median)
|
Properties Sold
(Total Number)
|
% of Asking
(Average)
|
|
2000
|
134
|
$111,608
|
$94,000
|
31
|
97
|
|
2001
|
154
|
$143,556
|
$105,000
|
36
|
95
|
|
2002
|
80
|
$140,445
|
$118,000
|
39
|
96
|
|
2003
|
122
|
$171,374
|
$146,500
|
35
|
96
|
|
2004
|
132
|
$189,977
|
$152,000
|
43
|
96
|
|
2005
|
157
|
$214,557
|
$172,000
|
29
|
96
|
|
2006
|
116
|
$240,012
|
$194,500
|
33
|
94
|
|
2007
|
136
|
$250,402
|
$198,000
|
27
|
95
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Looking closer at the recent market the table below compares sales for the six months up to the end of December with the same time period from a year ago. The figures would suggest that the market has cooled a bit as far as the number of properties sold and the time a property is on the market. The average, and median, prices continue to rise.
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For the six months ending
December 31, 2007
|
Last six months |
One Year Ago |
| Number of Properties Sold |
15 |
21 |
| Price Range |
$90,000 - $720,000 |
$30,000 - $450,000 |
| Days on Market (Average) |
169 |
85 |
| Average Price |
$307,583 |
$197,495 |
| Median Price |
$295,000 |
$157,900 |
| Percentage of Asking Price (Average) |
93% |
95% |
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