Redwood City Market Snapshot

Redwood City Market Snapshot:
7-Day Intervals:
3/23 3/30
Listings: 8 18
Price Increase: 0 0
Price Decrease: 10 7
Sold: 8 11
Expired: 0 0
Cancelled: 1 5
Withdrawn: 2 1
Pending: 16 12

My interpretation of this data: Spring has sprung and the real estate market in Redwood City is starting up!

Redwood City Market Snapshot

Redwood City Market Snapshot:
Last 7 Days

Listings: 8
Price Increase: 0
Price Decrease: 10
Sold: 8
Expired: 0
Cancelled: 1
Withdrawn: 2
Pending: 16

As you can see from the above data there were as many homes that sold as there were new homes coming onto the market the last 7 days.
16 homes had accepted offers and are pending right now. This to me is a very good sign of a strong healthy market in Redwood City.
10 homes reduced their asking price which I interpret as a sign of a healthy market too. By doing so they are bringing their home pricing back into level with the market or they are in financial trouble and need to bale from their home, sooner than later.
Still homes in Redwood City, in good locations, with right priced homes, are selling quickly, some with multiple offers. Redwood City's market has not slowed down except for those naysayers who believe and say it has slowed down.
What is great, in Redwood City you get the best bang for your buck. That is why I purchased my home here 32 years ago. Including "Climate Best By Government Test" which is why Redwood City is just one reason a great place to live.
I still don't get the doom and gloom of the mass media. Why don't they come to Redwood City and check it out for themselves?