Cliff's Notes...on Real Estate

Useful information YOU may use to help YOURSELF buy or sell a home in Redwood City, San Carlos, San Mateo, Belmont, Menlo Park, Atherton, Portola Valley, and Woodside. With a total of 31 years of experience in San Mateo County real estate, I bring to the table what YOU want in a Realtor.

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Name: Cliff Keith
Location: Redwood City, California, United States

Born April 6, 1946 in Bloomington, Illinois I am a third generation baker, Licensed California Real Estate Broker since 1976. Married my loving wife Diane in 1977. We have two wonderful sons, both are musicians and living in Hollywood, CA. During my 32-year career as a Realtor I have worked for two Realty Companies; currently I am an Associate Broker with Coldwell Banker Realtors in Woodside, CA. 94062, The cornerstone of my business is built on the principles of "By Referral Only"., SCHOOLS ATTENDED: Normal Community High School, College of San Mateo, San Francisico State University Favorite Quotes: 1. "The young man knows the rules, but the old man knows the exceptions." - Oliver Wendell Holmes 2. Perfect is usually good enough. Hank the Cow Dog 3. Life never gives you anything great when you say "I can't.", Anonymous 4. If at first you don't succeed try second base. Yogi Berra

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Monday, April 21, 2008

Redwood City Market Snapshot 4/21/2008

Weekly Redwood City Real Estate Market Snapshot beginning March 23, 2008-today

Current: 3/23---3/30---4/7---4/15---

  • 18 - New Listings: 8 - 18 - 24 - 17
  • 01 - Price Increase: 0 - 0 - 0 - 0
  • 11 - Price Decrease: 10 - 7 - 8 - 6
  • 09 - Solds (C.O.E.): 8 - 11 - 9 - 6
  • 00 - Expired Listings: 0 - 0 - 6 - 1
  • 05 - Withdrawn: 2 - 1 - 1 - 2
  • 10 - Pending Sales: 16 - 12 - 14 - 12

My interpretation of this data is that we are still in a strong real estate market; Pending Sales and Solds are keeping pace with the new inventory coming onto the market as New Listings. Prices have decreased more this week than in the past, which I believe is because the sellers are bringing their home into line with the rest of the market.

Additionally, the homes that are in beginning stages of foreclosure are required by the banks to drop their prices on a regular basis on a set percentage, not all at one time. (It is part of the process banks make over extended borrowers go through before they will look at a "short sale" purchase agreement.

FYI: San Mateo County is only one of 4 counties in US that is not in a declining market.

HELP! Anyone know how I can line my numbers up so they would be easier to read?

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posted by Cliff Keith | 2:18 PM

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