Redwood City Market Snapshot 4/21/2008
Current: 3/23---3/30---4/7---4/15---
- 18 - New Listings: 8 - 18 - 24 - 17
- 01 - Price Increase: 0 - 0 - 0 - 0
- 11 - Price Decrease: 10 - 7 - 8 - 6
- 09 - Solds (C.O.E.): 8 - 11 - 9 - 6
- 00 - Expired Listings: 0 - 0 - 6 - 1
- 05 - Withdrawn: 2 - 1 - 1 - 2
- 10 - Pending Sales: 16 - 12 - 14 - 12
My interpretation of this data is that we are still in a strong real estate market; Pending Sales and Solds are keeping pace with the new inventory coming onto the market as New Listings. Prices have decreased more this week than in the past, which I believe is because the sellers are bringing their home into line with the rest of the market.
Additionally, the homes that are in beginning stages of foreclosure are required by the banks to drop their prices on a regular basis on a set percentage, not all at one time. (It is part of the process banks make over extended borrowers go through before they will look at a "short sale" purchase agreement.
FYI: San Mateo County is only one of 4 counties in US that is not in a declining market.
HELP! Anyone know how I can line my numbers up so they would be easier to read?
Labels: Housing Inventory Snapshot, Statistics for Redwood City, Weekly Statistics
posted by Unknown | 2:18 PM
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