Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC Median Price List $1,350,000 Average List Price $1,373,354 Asking Price Per Square Foot $671 Average Days on Market (DOM) 40 Inventory of Properties Listed 51 Most Expensive Listing $2,998,000 Least Expensive Listing $116,000 Average Age of Listing 52 Percent of Properties with Price Decrease 16% Percent Relisted (reset DOM) 6% Percent Flip (price increased) 6% Median House Size (sq. ft.) 1,810 Median Lot Size 6,501 - 8,000 sq. ft. Median Number of Bedrooms 3 Median Number of Bathrooms 2 Local Real Estate Market Update Redwood City Report for the week of May 25, 2015 Trend 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 40 days. With inventory, days-on-market, and the Market Action Index all recently plateaued, the market is not sending strong directional signal for the nearterm outlook. This Week Altos Research Value Statistics Market Action Index Strong Seller’s 79.4 The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Supply and Demand Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM Top/First $2,011,944 3,235 0.25 - 0.50 acre 4.0 3.0 24 12 3 3 83 Upper/Second $1,495,000 2,490 6,501 – 8,000 sq. ft. 4.0 2.5 46 13 4 3 12 Lower/Third $1,199,000 1,680 6,501 – 8,500 sq. ft. 3.0 2.0 59 13 6 4 20 Bottom/Fourth $749,900 1239 4,501 – 6,500 sq. ft. 3.0 2.0 68 13 5 5 45 Characteristics per Quartile