Real Estate Trends – Friday Market Update, September 6, 2019

Posted on: September 7th, 2019 | By Cliff Keith | Blog, Friday's Weekly Market Update For Redwood City, Market Trends |

Real Estate Trends – Friday Market Update, September 6, 2019

Real Estate Trends - Friday Market Update, September 6, 2019

Below are the real estate trends for SF Bay Homes. The trend numbers are from the local Multiple Listing Service (MLS). The real estate trends are for Redwood City,CA. You can adjust the numbers accordingly to accommodate your own community. It’s simple, however, if you find it difficult you can call/text/email me. I would be more than happy to assist you.

For the past several years the real estate trends have favored home sellers. There doesn’t seem to be any let-up on this trend for the rest of the year. And, continue through most of 2020. The good news for home buyers is that rates on loan for home buyers have stayed the lowest in decades and should continue down for the rest of 2019 and throughout 2020.

Shifting Trends

What is interesting of current trends is perceived over-priced homes are being reduced by homeowners. New listings are starting to come on the market for sale at lower listing prices than the same home in the Spring market of this year. The selection of home for home buyers are still low and the number of home buyers are increasing. This is due to the number of excellent jobs available and the high salaries being offered.


Current Trends:

Real Estate Trends – Friday Market Update, September 6, 2019

↑ 18 new homes brought on the market for sale

↓ 09 homes went under contract as pending sales

↑ 11 homes closed escrow and now have new homeowners

↓ 23 Average days on market

↓ 1.4 Months of inventory available

↑ $ 981.00 Per square foot for sold homes

↓ 1.2% Above asking price was average selling price

↓ $1,493,222 Average Sale Price of a home in Redwood City


Where does this information come from?

This proprietary information is provided by Cliff Keith, of SF Bay Homes with data from the local Multiple Listing Service, (MLS) MLSListings. The criteria use for these numbers is based on Year to Date, (YTD) figures.

MLS’s real estate trend numbers are for the past seven days for single family housing in Redwood City, CA. You will note each trend is  keyed to compare this week trends against the previous week. It is designated with either an up or down arrow. Additionally, you will see a ± symbol. This denotes numbers that were unchanged week over week.


What is the “get-around”?

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.

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.

Real Estate Trends - Friday Market Update, September 6, 2019

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 at an amount of money you want to spend. Do it now.  It’ll be the smartest decision you’ll ever make.

We may also discuss with you the idea of looking at a duplex for sale in Redwood City as one of many suitable alternatives.


#sfbayhomes #sellmyhome #sellmyhouse #realestate #markettrends

 

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