|
Have a great Real Estate story to Share? Email us (include photos if possible) and we'll post it* |
|
Vabrato
For all your Redwood City
Real Estate Needs!
(650) 346-1595 Website |
|
|
Full Service Property Management
Residential & Commercial
Call Karen Vega at
(650) 363-2808 |
|
|
Sue Anagnostou
For all your Title Insurance
and Escrow Needs
(650) 465-6362 Email |
|
|
Vivienne Kelvin Designs
Signature home staging
Email Website |
|
|
Professional Home Inspector
(650) 873-4224 Website |
|
|
Civil, Structural, Geotechnical & Construction Services
(650) 637-8027 Website |
|
* all stories submitted are posted at the discretion of the owner of this website. |
|
Prices Rising, but don't get too Excited!
August 2010 Newsletter |
REDWOOD CITY
INVENTORY, CLOSED SALES, NEW LISTINGS
|
Redwood City is a perfect example of rising prices not equating to real appreciation in home values. While in the past few months we have seen average home prices rise from $734K to $935K, each month the average size of the houses and lots sold have also increased. It’s very debatable whether prices increased at all! See the chart below. |
| Month |
Ave Price |
Ave. Living Space |
Ave. Lot Size |
| May |
$754K |
1,540 sf |
7,066 sf |
| June |
$857K |
1,696 sf |
8,113 sf |
| July |
$935K |
1,998 sf |
10,679 sf |
|
While inventories may not be at all time highs in Redwood City, we are nonetheless near there. Redwood City has faired a little better then the county overall as the number of new listings are actually down 10% vs. the county only being down 5%. Both the County and Redwood City are experiencing sales about 19% below normal, so if it was not for fewer listings, Redwood City would also be experiencing record inventories.
|
|
Average Monthly Stats for Single Family Homes in Redwood City |
|
Current Inventory |
Closed Sales |
New Listings |
Sales YTD |
New Listing YTD |
This Past Month |
223 |
41 |
79 |
296 |
545 |
Decade Average |
166 |
61 |
86 |
363 |
604 |
% Diff |
34% |
-33% |
-9% |
-19% |
-10% |
|
|
| |
Average Monthly price for Single Family Homes in Redwood City
Grey line is the monthly price data while the red-line is the 4-month moving average. |
|
|
Monthly Inventories, Sales and New Listings for Single-Family Homes in
Redwood City |
|
|
Month over Month comparison
of Inventories, Sales and New Listings in Redwood City |
Year to Date Closed Sales
and Listings in
Redwood City |
|
|
|
| |
|
|
|
