Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Researc h LLC Median Price List $1,199,000 Average List Price $1,725,875 Asking Price Per Square Foot $706 Average Days on Market (DOM) 28 Inventory of Properties Listed 57 Most Expensive Listing $25,000,000 Least Expensive Listing $349,900 Average Age of Listing 62 Percent of Properties with Price Decrease 14% Percent Relisted (reset DOM) 5% Percent Flip (price increased) 4% Median House Size (sq. ft.) 1,660 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 July 6, 2015 Trend The median list price in Redwood City this week is $1,199,000. The 57 properties have been on the market for an average of 28 days. Demand measured by the Market Action Index is increasing and days- on-market is holding steady. With more properties coming available, conditions are mildly positive. This Week Altos Research Value Statistics Market Action Index Strong Seller’s 76.1 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. The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb. Supply and Demand Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM Top/First $1,998,475 3,210 0.25 - 0.50 acre 4.0 3.5 30 14 5 3 19 Upper/Second $1,398,500 1,895 6,501 – 8,000 sq. ft. 3.0 2.0 60 14 2 5 32 Lower/Third $996,500 1,605 4,501 – 6,500 sq. ft. 3.0 2.0 68 14 6 7 22 Bottom/Fourth $790,000 1,090 4,501 – 6,500 sq. ft. 2.0 1.0 68 15 4 4 37 Characteristics per Quartile