Thu Jan 21 2021
This week the median list price for Redwood City, CA is $1,574,900 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has held steady at or around 33.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,574,900|
|Per Square Foot||$1,046|
|Days on Market||75|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,545,000||2,645||0.25 - 0.5 acre||4||3||53||5||2||24|
|$1,733,500||1,581||6,500 - 8,000 sqft||3||2||70||5||1||54|
|$1,499,943||1,775||4,500 - 6,500 sqft||3||2||71||1||0||100|
|$1,300,000||1,090||4,500 - 6,500 sqft||3||1||74||2||2||115|