Redwood City Home Values & Market Update
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Updated April 23, 2018

Market Snapshot – Redwood City (Recent Sales here)

Redwood City continues to mirror the overall market trend in the Bay Area, with rising sale prices and extremely limited and declining inventory. It marked the sixth straight year for higher sales prices for both single family homes and condo/townhomes.

The current Bay Area real estate market hinges on an extremely low supply of homes. This low inventory, combined with strong demand among home buyers, is largely responsible for the continued appreciation across most price points and markets. According to Trulia’s Chief Economist Ralph McLaughlin, this isn’t a bubble as we’ve seen in previous up cycles, but the result of basic economic forces of (lack of) supply and (strong) demand. Multiple forces are keeping home inventory low. There aren’t enough new homes being built to meet increasing demand. Additionally, current California property tax code provides a strong financial incentive for long-term homeowners to stay in their existing homes. McLaughlin also notes that the new congressional tax plan with its lower cap on the mortgage interest deduction may act to further limit supply. Under the new law, the cap on the mortgage interest deduction is reduced from $1 million to $750,000. Existing homeowners are grandfathered in at the $1 million level, giving them even more incentive to stay put.

Finally, the Fed raised interest rates in March, which will likely impact mortgage rates. Higher mortgage rates reduce buying power. Between reduced buying power and increasing prices, time is not on the side of buyers right now. Those who are ‘waiting it out’ may be waiting a long time.

Here are the numbers for March 2018. If you are curious about your Redwood City home value, you can receive a free online estimate, or request a custom evaluation which we are happy to give to you, free, without the hard sales pitch.

 

Mar-18 % Change Year Over Year Rolling 3 Month Average
Median Sales Price ($USD) $1,750,000 25.7%
Overbids (%) 111.00% 2.9%
New Listings (#) 66 10.71%
Homes Sold (#) 53 26.67%
Months of Inventory 0.6 -41.03%
Median Days on Market (DOM) 10 -2.70%
Average Days on Market (DOM) 14 -17.81%

 

Median Sales Price – Redwood City SFR

 

Ratio of List Price to Sold Price (Overbids) – Redwood City SFR

 

Number of New Listings vs Sold Listings, Redwood City SFR

 

Months of Inventory – Redwood City SFR

 

Median and Average Days on Market (DOM) – Redwood City SFR

 

Redwood City Single Family Home Closed Sales since 1/1/2018

Street Address Close Date Price/SqFt Sale Price RATIO Close Price By List Price DOM Beds Total Bths Sq Ft Total Lot Size
1120 17th Avenue 3/30/18 1,169.53 $1,635,000 1.17 15 3 2|0 1,398 7,140 Lot SqFt
1129 18th Avenue 3/7/18 860.39 $1,325,000 1.061 16 4 2|0 1,540 6,200 Lot SqFt
1197 18th Avenue 1/5/18 1,132.08 $1,200,000 1.001 134 2 2|0 1,060 5,900 Lot SqFt
341 1st Avenue 1/4/18 855.26 $650,000 1.035 7 2 1|0 760 2,500 Lot SqFt
619 4th Avenue 1/18/18 753.42 $1,100,000 1.229 10 2 2|0 1,460 6,000 Lot SqFt
424 5th Avenue 3/15/18 926 $926,000 1.092 7 2 1|0 1,000 3,000 Lot SqFt
704 6th Avenue 3/23/18 1,410.26 $1,100,000 1.313 14 2 1|0 780 6,000 Lot SqFt
958 6th Avenue 4/11/18 1,206.42 $1,315,000 1.386 12 2 1|0 1,090 6,077 Lot SqFt
1177 Adams Street 2/15/18 1,050.00 $1,050,000 1 3 2 1|0 1,000 5,000 Lot SqFt
1140 Adams St 2/23/18 1,000.00 $1,250,000 1.087 2 1|1 1,250 5,000 Lot SqFt
740 Alameda De Las Pulgas 4/16/18 1,350.36 $1,850,000 1.16 5 4 2|0 1,370 8,700 Lot SqFt
823 Alameda De Las Pulgas 1/17/18 1,294.64 $1,450,000 1 15 4 2|0 1,120 5,700 Lot SqFt
997 Alameda De Las Pulgas 4/3/18 1,092.44 $1,300,000 1.183 10 3 1|0 1,190 6,080 Lot SqFt
211 Alexander Avenue 4/11/18 1,666.67 $1,200,000 1.371 10 2 1|0 720 2,550 Lot SqFt
29 Alverno Court 3/7/18 718.39 $1,750,000 1.03 47 2 2|1 2,436 4,152 Lot SqFt
1839 Anamor Street 3/23/18 815.45 $1,900,000 1.086 15 4 2|1 2,330 6,550 Lot SqFt
240 Arlington Road 1/2/18 1,059.69 $1,935,000 1.047 25 3 2|0 1,826 5,382 Lot SqFt
1915 Barton Street 3/12/18 1,420.45 $1,250,000 1.042 2 2 1|0 880 6,600 Lot SqFt
315 Beacon Shores Drive 2/26/18 1,166.67 $1,750,000 1.207 12 3 2|1 1,500 2,449 Lot SqFt
2821 Blenheim Avenue 3/30/18 1,350.57 $1,175,000 1.089 38 2 1|0 870 5,250 Lot SqFt
54 Bonita Avenue 3/28/18 1,108.66 $1,408,000 1.205 11 3 2|0 1,270 5,500 Lot SqFt
1445 Bonnie Court 3/15/18 1,195.22 $1,625,500 1.085 5 3 2|0 1,360 6,300 Lot SqFt
810 Breeze Place 4/6/18 1,100.70 $1,880,000 1.182 11 3 2|0 1,708 7,500 Lot SqFt
991 Cambridge Road 4/10/18 948.45 $2,300,000 1.195 12 4 3|0 2,425 8,584 Lot SqFt
558 Canyon Road 4/2/18 797.46 $2,201,000 1.001 67 4 3|0 2,760 1.45 Acres
583 Canyon Road 3/20/18 936.17 $2,200,000 1.103 0 4 2|1 2,350 9,975 Lot SqFt
718 Canyon Road 2/22/18 800 $3,200,000 1.002 18 5 4|0 4,000 6,924 Lot SqFt
828 Canyon Road 1/26/18 824.5 $1,649,000 1 11 3 2|0 2,000 7,550 Lot SqFt
1215 Carson Street 3/16/18 1,069.21 $1,689,350 1.073 0 3 2|0 1,580 8,610 Lot SqFt
1225 Carson Street 4/12/18 1,471.77 $1,825,000 1.077 8 3 2|0 1,240 8,400 Lot SqFt
944 Castle Hill Road 1/9/18 1,018.70 $2,125,000 1.182 7 4 2|1 2,086 7,150 Lot SqFt
420 Cedar Street 3/29/18 1,473.03 $1,311,000 1.017 12 4 2|0 890 5,000 Lot SqFt
420 Cedar Street 3/29/18 1,473.03 $1,311,000 1.017 4 2|0 890 5,000 Lot SqFt
31 Center Street 2/16/18 1,255.88 $2,135,000 0.949 65 3 2|0 1,700 9,608 Lot SqFt
154 Cerrito Avenue 1/17/18 1,045.89 $1,960,000 1.066 12 3 3|0 1,874 13,950 Lot SqFt
2331 Cheshire Way 2/12/18 920.25 $2,250,000 1.078 8 4 3|0 2,445 9,148 Lot SqFt
52 Circle Road 4/18/18 1,324.79 $1,550,000 1.108 10 2 1|0 1,170 7,360 Lot SqFt
48 Claremont Avenue 3/12/18 902.12 $1,705,000 0.948 22 3 2|0 1,890 8,100 Lot SqFt
868 Cleveland Street 1/9/18 718.75 $1,150,000 1.05 21 3 2|1 1,600 3,570 Lot SqFt
1118 Clinton Street 1/30/18 759.49 $1,200,000 1.043 0 3 2|0 1,580 5,700 Lot SqFt
77 Columbia Avenue 2/8/18 929.13 $1,180,000 1.313 6 2 1|1 1,270 6,000 Lot SqFt
1721 Connecticut Drive 3/29/18 1,353.16 $2,230,000 1.316 10 3 2|0 1,648 6,765 Lot SqFt
1574 CORDILLERAS Road 1/4/18 1,182.80 $2,200,000 1.222 8 3 2|0 1,860 1.06 Acres
1827 Cordilleras Road 4/12/18 1,262.02 $2,100,000 1.024 14 3 2|0 1,664 12,880 Lot SqFt
1280 Crompton Road 3/28/18 1,062.50 $1,700,000 1.135 9 3 2|0 1,600 6,270 Lot SqFt
359 D Street 2/9/18 1,486.49 $1,100,000 1.222 11 2 1|0 740 5,400 Lot SqFt
134 Danbury Lane 4/5/18 973.68 $1,850,000 1.07 0 3 2|1 1,900 4,018 Lot SqFt
483 Denise Lane 3/8/18 1,156.86 $2,360,000 1.313 11 4 3|1 2,040 10,200 Lot SqFt
34 Dexter Avenue 2/28/18 950.66 $1,445,000 1.216 15 3 2|0 1,520 6,300 Lot SqFt
875 Durlston Road 2/20/18 989.21 $2,750,000 1.197 9 3 3|0 2,780 10,000 Lot SqFt
917 Durlston Road 1/26/18 911.02 $3,225,000 1 158 4 3|0 3,540 10,140 Lot SqFt
2538 Eaton Avenue 1/12/18 1,125.00 $1,800,000 1.066 15 3 2|0 1,600 4,500 Lot SqFt
507 Edgecliff Way 1/19/18 797.67 $2,050,000 0.953 154 4 3|0 2,570 7,139 Lot SqFt
1338 Edgewood Road 1/17/18 960.06 $2,500,000 1.002 16 5 3|0 2,604 12,000 Lot SqFt
861 Edgewood Road 3/23/18 1,083.33 $2,600,000 1.002 14 4 3|0 2,400 10,660 Lot SqFt
75 El Vanada Road 1/11/18 506.63 $1,300,000 1 16 2 2|1 2,566 1.20 Acres
18 Elwood Street 2/12/18 1,114.58 $3,356,000 1.119 14 5 4|1 3,011 9,100 Lot SqFt
3230 Fair Oaks Avenue 1/3/18 1,558.44 $1,200,000 1.202 8 2 1|0 770 7,500 Lot SqFt
3662 Farm Hill Boulevard 2/8/18 871.51 $1,621,000 1.158 9 3 2|1 1,860 7,500 Lot SqFt
1257 Fernside Street 3/9/18 1,049.40 $1,742,000 1.181 1 4 2|1 1,660 6,272 Lot SqFt
43 Finger Avenue 1/8/18 1,133.33 $1,802,000 1.144 10 3 2|0 1,590 6,150 Lot SqFt
330 Grand Street 1/2/18 764.88 $1,285,000 1 0 3 1|0 1,680 6,500 Lot SqFt
1718 Hampton Avenue 2/27/18 897.48 $2,600,000 1.045 12 4 3|0 2,897 6,550 Lot SqFt
216 Harrison Avenue 2/22/18 1,453.33 $1,308,000 1.329 8 2 1|0 900 5,500 Lot SqFt
3515 Highland Avenue 1/31/18 1,065.97 $1,535,000 1.027 46 3 2|0 1,440 8,000 Lot SqFt
775 Hillcrest Drive 4/11/18 1,914.89 $1,800,000 1.305 21 2 1|0 940 13,284 Lot SqFt
346 Hillview Avenue 3/7/18 1,111.11 $1,700,000 1.133 0 2 2|0 1,530 9,000 Lot SqFt
411 Howland Street 3/2/18 1,075.27 $1,000,000 1.078 17 2 1|0 930 5,000 Lot SqFt
1148 Hudson Street 2/26/18 1,015.82 $1,605,000 1.052 20 5 3|0 1,580 3,500 Lot SqFt
1910 Idyllwild Avenue 2/27/18 796.15 $2,070,000 1.091 15 5 3|0 2,600 6,330 Lot SqFt
358 Iris Street 3/22/18 1,094.38 $1,751,000 1.401 3 3 2|0 1,600 6,500 Lot SqFt
1562 James Avenue 4/18/18 1,326.09 $1,525,000 1.284 9 2 1|0 1,150 5,304 Lot SqFt
1558 Jefferson Avenue 4/16/18 1,052.63 $1,400,000 1.037 9 2 1|0 1,330 6,750 Lot SqFt
1717 Jefferson Avenue 3/30/18 875.29 $1,502,000 1.131 9 3 2|0 1,716 6,330 Lot SqFt
2034 Jefferson Avenue 3/7/18 934.96 $1,150,000 1.212 9 3 1|0 1,230 4,489 Lot SqFt
3558 Jefferson Avenue 4/10/18 826.53 $1,620,000 1.158 8 3 2|0 1,960 6,636 Lot SqFt
3931 Jefferson Avenue 1/4/18 922.13 $2,250,000 0.98 12 3 2|1 2,440 6,550 Lot SqFt
271 Jeter Street 3/2/18 1,386.72 $1,872,076 1.25 14 2 2|0 1,350 6,500 Lot SqFt
277 Jeter Street 4/10/18 1,029.41 $2,100,000 1.136 10 3 2|0 2,040 6,500 Lot SqFt
351 Jeter Street 2/9/18 937.5 $1,800,000 1.014 12 3 2|1 1,920 6,500 Lot SqFt
1840 Kentucky Street 3/23/18 1,258.82 $1,712,000 1.145 9 3 2|0 1,360 6,790 Lot SqFt
460 King Street 3/9/18 856.58 $1,953,000 1.086 7 3 2|0 2,280 6,500 Lot SqFt
731 Lakemead Way 3/30/18 883.46 $2,350,000 1.001 14 4 2|1 2,660 8,650 Lot SqFt
612 Lakeview Way 2/6/18 873.11 $2,663,000 1.112 11 5 3|1 3,050 11,565 Lot SqFt
747 Lakeview Way 3/13/18 726.33 $2,025,000 1.132 11 4 2|0 2,788 6,000 Lot SqFt
608 Lancaster Way 2/27/18 1,429.29 $1,415,000 1.18 11 2 1|0 990 5,500 Lot SqFt
12 Liberty Hall Lane 1/5/18 825.18 $2,700,000 0.933 70 4 3|1 3,272 6,642 Lot SqFt
38 Liberty Hall Lane 1/11/18 847.22 $3,000,000 1.002 71 4 4|1 3,541 8,518 Lot SqFt
63 Liberty Hall Lane 2/27/18 796.46 $2,700,000 0.966 45 4 4|1 3,390 6,242 Lot SqFt
450 Lincoln Avenue 4/17/18 1,074.07 $1,160,000 1.178 0 2 1|0 1,080 5,220 Lot SqFt
502 Lincoln Avenue 3/15/18 394.24 $1,655,000 1.103 66 5 3|1 4,198 6,780 Lot SqFt
750 Loma Court 4/10/18 1,024.39 $2,100,000 1.051 13 4 3|0 2,050 1.09 Acres
18 Los Cerros Road 1/31/18 719.67 $2,195,000 1 36 3 2|1 3,050 30,400 Lot SqFt
343 Lowell Street 3/9/18 1,196.90 $1,775,000 1.015 11 3 3|0 1,483 5,460 Lot SqFt
36 Ludina Way 2/21/18 867.02 $1,780,000 1.017 10 3 3|1 2,053 2,089 Lot SqFt
1826 Maddux Drive 2/5/18 842.49 $2,300,000 1 0 4 3|0 2,730 8,500 Lot SqFt
302 Mcevoy Street 1/22/18 952.99 $1,115,000 1.174 11 3 1|0 1,170 5,850 Lot SqFt
2502 Mcgarvey Avenue 3/14/18 829.67 $1,518,300 1.172 12 4 2|0 1,830 6,156 Lot SqFt
1732 Milton Street 3/19/18 1,106.38 $1,560,000 0.99 5 3 2|0 1,410 5,952 Lot SqFt
381 Montwood Circle 3/28/18 1,010.87 $1,860,000 1.016 17 4 2|0 1,840 6,963 Lot SqFt
32 Myrtle Street 3/14/18 1,002.90 $3,800,000 1.152 25 4 4|1 3,789 9,100 Lot SqFt
148 Nevada Street 2/23/18 1,212.20 $1,988,000 1.251 8 2 2|0 1,640 6,500 Lot SqFt
388 Newcastle Drive 3/9/18 826.76 $2,200,000 1.224 12 4 2|1 2,661 4,055 Lot SqFt
3015 Oak Knoll Drive 2/20/18 757.8 $2,090,000 0.973 23 4 2|1 2,758 7,500 Lot SqFt
3079 Oak Knoll Drive 3/16/18 468.23 $1,695,000 0.944 107 8 4|3 3,620 7,292 Lot SqFt
3339 Oak Knoll Drive 2/15/18 841.4 $1,252,000 1.138 9 2 1|0 1,488 9,720 Lot SqFt
658 Oak Park Way 1/31/18 869.17 $2,850,000 0.892 29 4 3|1 3,279 9,035 Lot SqFt
678 Oak Park Way 2/2/18 930.46 $2,810,000 1.081 10 4 2|1 3,020 7,840 Lot SqFt
508 Oak Park Way 3/26/18 882.23 $4,300,000 0.956 20 4 4|1 4,874 20,133 Lot SqFt
3 Odessa Court 2/23/18 1,185.57 $1,150,000 1.163 14 2 1|0 970 5,700 Lot SqFt
2673 Ohio Avenue 3/23/18 945.77 $2,180,000 1.09 6 5 3|1 2,305 6,050 Lot SqFt
195 Opal Avenue 4/18/18 1,258.39 $1,875,000 1 0 3 1|1 1,490 8,151 Lot SqFt
3338 Page Street 2/23/18 762.8 $1,415,000 1.011 8 3 2|1 1,855 6,950 Lot SqFt
563 Palomar Drive 1/17/18 850.62 $2,050,000 1.207 5 5 3|0 2,410 15,500 Lot SqFt
815 Palomar Drive 3/27/18 752.47 $1,906,000 1.004 9 3 2|0 2,533 1.00 Acres
727 Paradise Way 3/16/18 847.01 $2,270,000 0.989 15 4 2|1 2,680 11,000 Lot SqFt
998 Pleasant Hill Road 4/16/18 1,226.99 $2,000,000 1.252 11 4 2|1 1,630 8,625 Lot SqFt
805 Portman Drive 3/16/18 847.74 $2,255,000 1.188 8 4 3|0 2,660 4,233 Lot SqFt
2008 REDWOOD Avenue 2/7/18 1,104.90 $1,580,000 1.166 12 3 1|1 1,430 5,832 Lot SqFt
601 Redwood Avenue 4/4/18 1,317.29 $1,615,000 1.154 5 3 2|0 1,226 5,760 Lot SqFt
2021 Rockport Avenue 4/16/18 819.19 $2,220,000 1.058 10 4 3|0 2,710 5,956 Lot SqFt
1808-1810 Roosevelt Avenue 3/8/18 1,114.75 $1,360,000 1.239 7 2 2|0 1,220 4,000 Lot SqFt
2704 Roosevelt Avenue 4/16/18 897.73 $1,975,000 1.098 11 4 3|0 2,200 6,431 Lot SqFt
2913 Roosevelt Avenue 3/9/18 1,540.33 $1,585,000 1.023 9 3 1|0 1,029 7,700 Lot SqFt
1010 Ruby Street 2/8/18 1,136.36 $1,250,000 1.142 0 2 1|0 1,100 5,650 Lot SqFt
282 Rutherford Avenue 2/22/18 1,271.84 $1,310,000 1 7 2 1|0 1,030 5,100 Lot SqFt
317 Saint Martin Drive 3/26/18 1,098.90 $2,000,000 1.254 7 3 2|1 1,820 4,167 Lot SqFt
317 Saint Martin Dr 3/22/18 1,098.90 $2,000,000 1.254 3 2|1 1,820 4,167 Lot SqFt
167 San Carlos Avenue 4/12/18 1,062.07 $1,540,000 1.104 2 3 2|0 1,450 5,200 Lot SqFt
559 Santa Clara Avenue 4/9/18 987.65 $3,200,000 1.016 0 5 3|0 3,240 8,120 Lot SqFt
810 Schooner Bay Drive 2/16/18 943.56 $1,906,000 1.193 14 3 2|1 2,020 4,346 Lot SqFt
650 Scott Avenue 4/12/18 1,247.52 $1,260,000 1.355 2 3 1|0 1,010 5,000 Lot SqFt
574 Seahorse Lane 3/7/18 1,000.00 $1,990,000 1.048 0 4 2|1 1,990 6,130 Lot SqFt
1072 Silver Hill Road 3/2/18 1,046.34 $2,800,000 1.079 8 4 3|0 2,676 34,125 Lot SqFt
146 Springdale Way 1/18/18 622.16 $2,078,000 0.99 18 5 4|0 3,340 16,500 Lot SqFt
1750 Stockbridge Avenue 3/19/18 720.61 $2,525,000 1 0 4 3|1 3,504 6,048 Lot SqFt
622 Sylvan Way 4/6/18 591.52 $2,301,000 1.001 15 5 3|1 3,890 16,050 Lot SqFt
306 Tadley Court 3/23/18 927.23 $1,975,000 1.136 7 4 2|1 2,130 4,000 Lot SqFt
1505 Union Avenue 3/30/18 1,276.04 $1,225,000 0.942 13 2 1|0 960 6,600 Lot SqFt
819 Upland Rd 3/27/18 866.82 $2,200,000 1.001 7 4 3|1 2,538 10,600 Lot SqFt
131 Vera Avenue 3/8/18 1,400.00 $1,400,000 1.12 10 2 2|0 1,000 7,285 Lot SqFt
620 Warrington Ave 4/2/18 947.37 $720,000 1.051 2 1|0 760 2,500 Lot SqFt
104 Wellesley Crescent 1/30/18 1,068.18 $2,350,000 1 0 4 2|1 2,200 8,732 Lot SqFt