August 19, 2016 Market Trends
How to know where the market trends for home prices are headed and why? Save your dollars with this powerful information on how to know what price to offer on a home you want to purchase. It contains data showing the last 7-days activity of various categories of Redwood City real estate. This past 7-days shows home sales are very strong sales, and are selling quicker than during the last quarter of 2015. However, Redwood City Homes are still selling for more money than homes that sold in 2015.
This Week Average Selling Price was $1,420,800
Here are the results of the past seven days and how they compare to the previous week. Insightful for home buyers and homeowners in Redwood City alike. You will note from these 8 different weekly trends, when studied, will benefit you in many ways. As a home-buyer you will know exactly how homes in Redwood City are trending towards pricing, DOM, ratio of list price and sale price, and, helps home buyers when submitting an offer on a home in Redwood City. They will be submitting an offer from a position of knowledge, and not one of emotion or gut feelings.
What is it going to cost me?
70% of all home buyers in Redwood City must pay over $1,000,000 to buy their home. That is down from last week’s figure of 78.00%. Homes for sale in Redwood City are still experiencing some multiple offers and when a home is considered a “Jewel” property there seems to be no stopping continuation of bidding wars. Homes for sale, which have a perceived “good value” by today’s home buyers bring strong non-restrictive and open offers. (All cash, As-Is, No Contingencies) This is true for San Mateo County and other SF Bay Homes too, including Silicon Valley.
The last 7-days of Redwood City real estate market trends report shows continued growth in average sale price, price per sq. ft., LP:SP ratio, and homes selling more than new homes ono the market for sale Read more…
What to do next?
Pick up your cell phone,
- Look up my number (Hint: 650-346-7366)
- Call me immediately.
When you follow these 3-Step Process we will discuss the best way we can help you can get the best information you’ll need. Our goal is to help you find your new home as quickly as possible. Additionally, you will receive the highest value possible, for the exact amount of money you want to spend. Do it now. It the smart decision to do.
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Tags: market, Market Trends, Real Estate, Redwood City, trends, update