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Cynthia's Weekly Redwood City Market Update - 6/16/15
Cynthia's Weekly Redwood City Market Update - 6/16/15
Redwood City
Trend
This Week
The median list price in Redwood
City this week is $1,350,000. The
51 properties have been on the market
for an average of 43 days.
$1,350,000
$1,400,399
43
51
$683
$3,495,000
$116,000
49
16%
14%
8%
1,890
2.5
Characteristics
per Quartile
Median
Price
Sq. Ft.
Lot Size
Beds
Baths
Age
Inventory
New
Absorbed
DOM
Top/First
$2,148,444
3,467
4.0
3.5
20
12
90
Upper/Second
$1,598,000
2,350
4,501
6,500 sq.
ft.
4.0
2.5
46
13
Lower/Third
$1,199,000
1,670
4,501
6,500 sq.
ft.
3.0
2.5
62
13
26
Bottom/Fourth
$748,000
1,140
4,501
6,500 sq.
ft.
2.0
1.0
68
13
48
Quartile
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Median Price
The market has been on a downward trend in the last few weeks and this
week, while essentially flat, doesn't break us out of that cycle.
Quartile Price
Prices have generally settled at a plateau, although Quartile 1 has been
trending a bit downward in recent weeks. We'll need to see a persistent
shift in the Market Action Index before we see prices across the board
move from these levels.
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Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2014 Altos Research LLC
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
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Days on Market
The properties have been on the market for an average of 43 days. Half of the listings
have come newly on the market in the past 14 or so days.
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