The January 2008 Silicon Valley Sales Report for Redwood City Single-Family
Homes saw a closing of 21 sales receiving 96.65% of list price. These
closings represented a median price of $900,000 and an average price
of $1,031,309. There were 86 new listings reported.

Total Sales: $21,657,500

vs

The January 2007 Silicon Valley Sales Report for Redwood City Single-Family
Homes saw a closing of 32 sales receiving 100.8% of list price. These
closings represented a median price of $755,000 and an average price
of $846,246. There were 55 new listings reported.

Total Sales: $27,079,900

2008~Redwood City Condos/Townhouses had 4 closed sales receiving 96.73% of list price. These closings represented a median price of $529,326 and an average price of $496,663. There were 10 new listings reported.

Total Sales: $1,986,652

vs

2007~Redwood City Condos/Townhouses had 4 closed sales receiving 97.77% of list price. These closings represented a median price of $649,500 and
an average price of $592,250. There were 4 new listings reported.

Total Sales: $2,369,000

Jan/2008~ Single-family homes in Redwood City had an average of 57 days on market (DOM) and 73 cumulative days on market (CDOM). Condos/Townhouses had an average of 103 DOM and CDOM.

vs

Jan/2007~Single-family homes in Redwood City had an average of 48 DOM and 57 CDOM. Condos/Townhouses had an average of 55 DOM and 70 CDOM.

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