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Cynthia's Weekly Redwood City Market Update - 7/28/15
Cynthia's Weekly Redwood City Market Update - 7/28/15
Redwood City
Trend
This Week
The median list price in Redwood
City this week is $1,298,000. The
57 properties have been on the market
for an average of 30 days.
$1,298,000
$1,786,995
30
57
$731
$25,000,000
$349,900
60
14%
9%
2%
1,695
Median
Price
Sq. Ft.
Lot Size
Beds
Baths
Age
Inventory
New
Absorbed
DOM
Top/First
$1,998,475
2,915
4.0
3.5
29
14
21
Upper/Second
$1,447,000
2,019
6,501
8,000 sq.
ft.
3.0
2.2
59
14
30
Lower/Third
$1,041,500
1,640
4,501
6,500 sq.
ft.
3.0
2.0
68
14
22
$790,000
1,040
4,501
6,500 sq.
ft.
2.0
1.0
69
15
45
Quartile
Bottom/Fourth
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Median Price
The market appears to be hovering around this plateau. Look for a
persistent change in the Market Action Index before we see prices deviate
significantly from here.
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 30 days. Half of the listings
have come newly on the market in the past 14 or so days.
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