This week in Real Estate, Redwood City

Posted on: July 28th, 2017 | By Cliff Keith | Friday's Weekly Market Update For Redwood City |

Redwood City. Friday's Real Estate Market Update, May 31, 2019

This week in Real Estate, Redwood City

July 28, 2017, the current results for the Past 7-Day of Redwood City Real Estate provided by Cliff Keith and Team. Data is from the local Multiple Listing Service, MLSListings. Also, the criteria use for these all numbers is based on Year to Date, (YTD) figures.

Here are my findings for the past seven days and how they fared to the previous week with the up or down arrow. Last week shows we still have a strong real estate market. Buyers are becoming a bit more cautious or on vacation. Home prices have been lowered by 7 homeowners last week. This is a new high for the year. Still inventories are low, under one month. It cost 86% of home buyers over $1M to purchase a home in Redwood City. And, the average sale price was $ 1,681,944.

Weekly Market Update for Redwood City

During the previous 7-days...

± 7 new homes brought on the market for sale
↓ 17 homes went under contract as pending sales
↑ 11 homes closed escrow and now have new homeowners

± 11 Average days on market
↓ 0.8 Months of inventory available
↑ $979.00 Per square foot for sold homes
↓ 12.0% Above asking price was average sale price
↓ $1.681,944 Average Sale Price of a home in Redwood City

Redwood City. Friday's Real Estate Market Update, May 31, 2019

Cliff’s Viewpoint:

This week homes in Redwood City saw a equilibrium in trends in most categories. There is still a large number of home-buyers and only a few homes for them to buy. One of the most noticeable upward trend is in the price per sq. ft. This translate to higher home prices. Homes are still selling quickly. The only homes that stay on the market for sale are the ones who are overpriced. They tend to be in marginal and in poor condition aka functional obsolescence. The quarterly trend for home prices has remained in the $1.5M range in Redwood City for 2017.

When you go to a Sunday Open Houses in Silicon Valley you will see lots of other home buyers looking at the homes along with you. The home buyers from the tech industry like  Oracle, Electronic Arts, Google, Facebook, Intel, Box, LinkedIn, Instagram, and Buffer are out in full force, along with the bio-tech home-buyers from companies like; V Biosciences, Abbott Vascular, AbGenomics, and Genotech ready to place offers on a new homes. And, they all seem to have large sums of discretionary income to spend. They know what they want and will settle for nothing less.

As you can see the real estate market in Redwood City is still very strong and homes are selling faster and receiving high offers.

Calling for the order from you.

If you are looking to purchase a home in San Mateo or Santa Clara counties Cliff Keith and Team have many homes for you to choose from. You can see all of them by going to our website, https://www.sfbayhomes.com

Some of these homes are not in the MLS and some are in MLS. The point being if you are trying to buy or sell a home we would love to help you find that perfect home. Especially, if you have not found a home and have been looking for one over 3 months.

To find your new home all you need to do is an easy 3-Step Process.

This week in Real Estate, Redwood City
Call Cliff 650-346-7366
  1. Pick up your cell phone, and go to SFBayhomes.com
  2. Click that big button on your smart phone to call me direct, Right now..there IS no better time!
  3. Call me immediately.

When you do call, we will discuss the best way we can meet so you can get the best information you need that will help you locate and purchase your new home as quickly as possible and receive the highest value possible for the amount of money you want to spend. Do it now.  It’ll be the smartest decision you’ll ever make.

#sfbayhomes #realestatelistings #redwoodcity #sancarlos #siliconvalley #buyingahome #financing #mortgage #loanofficer #banks #realestate #SFBayHomes #sellahome #siliconvalleyhomes #realestatebroker #sellyourhomeontv #sellyourhome #homeontv #advantageoverthecompetition #giveyourhome #sellingahome #10topinexpensive #anyprospectivebuyer #10topinexpensiveways #sellyourhome #SFBayHomes.com #SFBayHomes #SanMateoCounties #Homesforsale #housessiliconvalley #realestatelistings #redwoodcity #sancarlos #siliconvalley #buyingahome #financing #mortgage #loanofficer #banks #realestate #sellahome #siliconvalleyhomes #realestatebroker #sanfranciscobayhomes

This week in Real Estate, Redwood City

June 25, 2017, the current results for the Past 7-Day of Redwood City Real Estate provided by Cliff Keith and Team. Data is from the local Multiple Listing Service, MLSListings. Also, the criteria use for these all numbers is based on Year to Date, (YTD) figures.

Here are my findings for the past seven days and how they fared to the previous week with the up or down arrow. Last week shows we still have a strong real estate market. Buyers are becoming a bit more cautious or on vacation. Home prices have been lowered by 7 homeowners last week. This is a new high for the year. Still inventories are low, under one month. It cost 70% of home buyers over $1M to purchase a home in Redwood City. And, the average sale price was $ 1,535,263.

Weekly Market Update for Redwood City

During the previous 7-days...

10 new homes brought on the market for sale
↓ 4 homes went under contract as pending sales
↑ 19 homes closed escrow and now have new homeowners

± 13 Average days on market
↓ 0.9 Months of inventory available
↑ $951.00 Per square foot for sold homes
↓ 8.3% Above asking price was average sale price
↓ $1.535,263 Average Sale Price of a home in Redwood City

Cliff’s Viewpoint:

This week homes in Redwood City saw a equilibrium in trends in most categories. There is still a large number of home-buyers and only a few homes for them to buy. One of the most noticeable upward trend is in the price per sq. ft. This translate to higher home prices. Homes are still selling quickly. The only homes that stay on the market for sale are the ones who are overpriced. They tend to be in marginal and in poor condition aka functional obsolescence. The quarterly trend for home prices has remained in the $1.5M range in Redwood City for 2017.

When you go to a Sunday Open Houses in Silicon Valley you will see lots of other home buyers looking at the homes along with you. The home buyers from the tech industry like  Oracle, Electronic Arts, Google, Facebook, Intel, Box, LinkedIn, Instagram, and Buffer are out in full force, along with the bio-tech home-buyers from companies like; V Biosciences, Abbott Vascular, AbGenomics, and Genotech ready to place offers on a new homes. And, they all seem to have large sums of discretionary income to spend. They know what they want and will settle for nothing less.

As you can see the real estate market in Redwood City is still very strong and homes are selling faster and receiving high offers.

Calling for the order from you.

If you are looking to purchase a home in San Mateo or Santa Clara counties Cliff Keith and Team have many homes for you to choose from. You can see all of them by going to our website, https://www.sfbayhomes.com

Some of these homes are not in the MLS and some are in MLS. The point being if you are trying to buy or sell a home we would love to help you find that perfect home. Especially, if you have not found a home and have been looking for one over 3 months.

What to Do Next?

To find your new home all you need to do is an easy 3-Step Process.

This week in Real Estate, Redwood City
Call Cliff 650-346-7366
  1. Pick up your cell phone,
  2. Look up my number (650-346-7366),
  3. Call me immediately.

When you do call, we will discuss the best way we can meet so you can get the best information you need that will help you locate and purchase your new home as quickly as possible and receive the highest value possible for the amount of money you want to spend. Do it now.  It’ll be the smartest decision you’ll ever make.

How to get your offer accepted.Click To Tweet

#sfbayhomes #realestatelistings #redwoodcity #sancarlos #siliconvalley #buyingahome #financing #mortgage #loanofficer #banks #realestate #SFBayHomes #sellahome #siliconvalleyhomes #realestatebroker #sellyourhomeontv #sellyourhome #homeontv #advantageoverthecompetition #giveyourhome #sellingahome #10topinexpensive #anyprospectivebuyer #10topinexpensiveways #sellyourhome #SFBayHomes.com #SFBayHomes #SanMateoCounties #Homesforsale #housessiliconvalley #realestatelistings #redwoodcity #sancarlos #siliconvalley #buyingahome #financing #mortgage #loanofficer #banks #realestate #sellahome #siliconvalleyhomes #realestatebroker #sanfranciscobayhomes

This week in Real Estate, Redwood City
made in the usa
Redwood City. Friday's Real Estate Market Update, May 31, 2019
Tags:
Call Now Button