The diversity in Redwood City's real estate market can certainly swing numbers on a week to week basis. If you take a look at the statistics for the 6 properties that were newly listed last week versus the 6 sales that closed, you might think you looking at statistics from two entirely different cities.
6 Newly Listed
Average list price: $2,045,833
Average Square footage: 2,895 S/F
Average Lot Size: 10,533 S/F
Average # of Bedroom: 4
Average # of Bathrooms: 3
6 Closed Sales
Average Sale Price: $1,064,000
Average Square footage: 1,535 S/F
Average Lot Size: 6,166 S/F
Average # of Bedroom: 3
Average # of Bathrooms: 2
Of course, when you looking at sample sizes as small as a week's worth of real estate activity, you're bound to see more dramatic fluctuations than you would over a period of months or a year. Still, it's not all too common to see the closed sales stats nearly doubled by the new listing stats.
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