There Were Market Jitters in 2000/2001, too! 2007 vs 2005 vs 2003 vs 2001 Silicon Valley Real Estate Housing Sales for Redwood City ~ Stats, Graphs & Pics (What Real Estate Bubble?)

lw4n6581.jpg The 2007 Silicon Valley Sales Report for Redwood City Single-Family Homes saw a closing of 507 sales receiving 100.05% of list price. These closings represented a median price of $885,000 and an average price of $1,030,281. There were 920 new listings reported to the MLS for 2007.

Total Sales: $522,352,644

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The 2005 Silicon Valley Sales Report for Redwood City Single-Family Homes saw a closing of 718 sales receiving 104.09% of list price. These closings represented a median price of $835,000 and an average price of $945,279. There were 974 new listings reported to the MLS for 2005.

Total Sales: $678,710,427

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The 2003 Silicon Valley Sales Report for Redwood City Single-Family Homes saw a closing of 764 sales receiving 99.02% of list price. These closings represented a median price of $653,000 and an average price of $717,128. There were 1,081 new listings reported to the MLS for 2003.

Total Sales: $547,886,434

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The 2001 Silicon Valley Sales Report for Redwood City Single-Family Homes saw a closing of 581 sales receiving 98.07% of list price. These closings represented a median price of $575,000 and an average price of $674,902. There were 1,019 new listings reported to the MLS for 2001.

Total Sales: $392,118,520

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~Real Estate City Real Estate ~ Single-Family Homes~

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2007~Redwood City Condos/Townhouses had 63 closed sales receiving 98.78% of list price. These closings represented a median price of $597,400 and an average price of $591,594. There were 124 new listings reported to the MLS for 2007.

Total Sales: $37,270,450

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2005~Redwood City Condos/Townhouses had 69 closed sales receiving 103.09% of list price. These closings represented a median price of $539,500 and an average price of $600,080. There were 79 new listings reported to the MLS for 2005.

Total Sales: $41,405,545

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2003~Redwood City Condos/Townhouses had 131 closed sales receiving 106.82% of list price. These closings represented a median price of $429,000 and an average price of $494,957. There were 171 new listings reported to the MLS for 2003.

Total Sales: $64,839,458

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2001~Redwood City Condos/Townhouses had 62 closed sales receiving 98.46% of list price. These closings represented a median price of $414,500 and an average price of $425,144. There were 121 new listings reported to the MLS for 2001.

Total Sales: $26,358,937

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~Real Estate City Real Estate ~ Condos & Townhouses~

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2007~ Single-family homes in Redwood City had an average of 30 days on market (DOM) and 37 cumulative days on market (CDOM). Condos/Townhouses had an average of 44 DOM and 52 CDOM.

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2005~Single-family homes in Redwood City had an average of 20 DOM and 24 CDOM. Condos/Townhouses had an average of 19 DOM and 23 CDOM.

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2003~ Single-family homes in Redwood City had an average of 33 days on market (DOM) and 47 cumulative days on market (CDOM). Condos/Townhouses had an average of 30 DOM and 36 CDOM.

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2001~Single-family homes in Redwood City had an average of 31 DOM and 40 CDOM. Condos/Townhouses had an average of 33 DOM and 34 CDOM.

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It is beneficial for KAPOWICH REAL ESTATE to be a member of Silicon Valley Association of Realtors and Santa Clara County Association of Realtors which partly supports MLSListings, a Multiple Listing Service (MLS). MLSListings, also maintains statistics on real estate transactions for Santa Clara County and San Mateo County. We love this stuff!

Pat Kapowich, "Negotiating Smooth Transactions Throughout The South Bay" SiliconValleyBroker.com

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