Let me just list the data here and I will comment below.

• In 2003, 16 homes sold in Towne Lake Hills East
• The average list price was $339,505
• The average sales price was $326,540
• The average number of days on the market was 58
• And the percentage of sales price to original listing price was 96.18%

• In 2004, 31 homes sold in Towne Lake Hills East
• The average list price was $370,545
• The average sales price was $362,946
• The average number of days on the market was 50
• And the percentage of sales price to original listing price was 97.95%

• In 2005, 25 homes sold in Towne Lake Hills East
• The average list price was $360,412
• The average sales price was $353,002
• The average number of days on the market was 74
• And the percentage of sales price to original listing price was 97.94%

The sales price is what I am going to focus on. As you can see, from 2003 to 2004 homes appreciated very nicely. Towne Lake Hills East saw an approximate 11% increase in value. From 2004 to 2005, values dropped by about 2.8%.