Q4/2007 vs Q4/2006 Silicon Valley Real Estate Sales Report for Redwood City

lw4n6581.jpg The Q4/2007 Silicon Valley Sales Report for Redwood City Single-Family Homes saw a closing of 100 sales receiving 97.76% of list price. These closings represented a median price of $940,000 and an average price of $1,111,081. There were 180 new listings reported to the MLS in Q4/2007.

Total Sales: $111,408,143

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The Q4/2006 Silicon Valley Sales Report for Redwood City Single-Family Homes saw a closing of 143 sales receiving 99.44% of list price. These closings represented a median price of $824,250 and an average price of $897,411. There were 125 new listings reported to the MLS in Q4/2006.

Total Sales: $128,329,834

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Q4/2007~Redwood City Condos/Townhouses had 9 closed sales receiving 97.30% of list price. These closings represented a median price of $535,000 and an average price of $543,161. There were 25 new listings reported to the MLS in Q4/2007.

Total Sales: $4,888,450

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Q4/2006~Redwood City Condos/Townhouses had 23 closed sales receiving 100.01% of list price. These closings represented a median price of $529,500 and an average price of $551,739 There were 23 new listings reported to the MLS in Q4/2006.

Total Sales: $12,689,999

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Q4/2007~ Single-family homes in Redwood City had an average of 34 days on market (DOM) and 44 cumulative days on market (CDOM). Condos/Townhouses had an average of 82 DOM and 118 CDOM.

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Q4/2006~Single-family homes in Redwood City had an average of 34 DOM and 43 CDOM. Condos/Townhouses had an average of 44 DOM and 50 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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