Redwood City CA

Redwood City, CA Real Estate Trends

The sales price of an Redwood City house is affected by its size. Looking at price per square foot gives a partial adjustment for differences between houses. Furthermore if you look at the average size of an Redwood City house sold you will see that it varies with time. Part of the variation is due to the random nature of which houses are being sold but there tends to be a increase in the size with time because when a house is replaced with a newer house, the newer house is almost always larger.

One of the best ways to spot a changing real estate market is to look at the sales price vs. list price. When more sales show the sales prices exceeding the list price, the demand for homes is increasing. When purchasing or selling a home, it is helpful to know the typical realationship between sales price and list price.

The most common real estate trend watched is either average or median sales price. These trends help home buyers determine where they can buy a home but show variations due to home size and season making it hard to spot a change in demand for homes.

Many Silicon Valley cities have no more empty land to build new homes on. When a homeowner or home builder wants to build a new home he will have to buy an existing home, demolish it, and then build a new home. Looking at the trend of home sizes sold gives you some insight into what changes are taking place.

Redwood City CA

Redwood City is most well known for being the home of Oracle and Electronic Arts. The areas encompased are quite diverse. Redwood Shores was built on engineered landfill and is separated from the rest of Redwood City. The east, northeast, and north area has a large dense urban area. A dense suburban area lies towards the south and west becoming less dense futher out. The hillside neighborhoods are quite upscale.

  • Total Population: 76,815
  • 29,005 housing units - 52.3% owner occupied
  • Median household income: $79,419
  • Bachelors degree or higher: 40.2%
  • Median age: 36.6

Redwood City CA Real Estate For Sale

 

Jeff Keller

Keller Williams Realty
505 Hamilton Ave Ste 100
Palo Alto, CA 94301
CalBRE 01867791