Average sales prices came in much lower this week, but this is more reflective of the size and location of the homes that sold rather than a price trend, as price per square foot numbers remain strong and homes still closed above their average list price.
The highest sale of the week was actually a RealSmart listing at 1010 Eden Bower Lane, a gorgeous 4BD/2BA home in the Farmhill Estates neighborhood which sold for $2,010,000. The lowest sale of the week was a small 760 square foot 2 bed, 1 bath home at 600 Warrington Ave, which sold for $770,000. This was actually the 4th lowest sale of the year in Redwood City, with the 3 lower sales located within a few blocks of this home in the Fair Oaks area.
I would expect to see a lot of inventory clearing out over the next few weeks as we approach Thanksgiving. This is a great time to be a buyer, as sellers are eager to get their home off the market before the holidays roll around.
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