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Median Price List $1,289,000

Average List Price $1,499,866

Asking Price Per Square Foot $712

Average Days on Market (DOM) 42

Inventory of Properties Listed 46

Most Expensive Listing $4,498,000

Least Expensive Listing $116,000

Average Age of Listing 53

Percent of Properties with Price Decrease 17%

Percent Relisted (reset DOM) 4%

Percent Flip (price increased) 2%

Median House Size (sq. ft.) 1,648

Median Lot Size 6,501 - 8,000 sq. ft.

Median Number of Bedrooms 3

Median Number of Bathrooms 2

Local Real Estate Market UpdateRedwood City

Report for the week of April 13, 2015 Trend

The median list price in Redwood City this week is $1,289,000. The46 properties have been on the market for an average of 42 days.

Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.

This Week

Altos Research Value StatisticsMarket Action Index Strong Seller’s 74.2

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies

a seller's advantage. Below 30, conditions give the advantage to the buyer.

Home sales continue to outstripsupply and the Market Action Indexhas been moving higher for severalweeks. This is a Seller's market sowatch for upward pricing pressure inthe near future if the trendcontinues.

Supply and Demand

QuartileMedian

PriceSq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

Top/First $2,398,000 3,8300.5 - 1.0

acre5.0 4.0 22 11 3 3 67

Upper/Second $1,499,000 2,1306,501 –

8,000 sq. ft.

4.0 2.0 42 11 3 4 54

Lower/Third $1,196,500 1,5156,501 –

8,000 sq. ft.

3.0 2.0 71 12 3 6 16

Bottom/Fourth $794,475 1,2804,501 –

6,500 sq. ft.

3.0 1.5 68 12 4 4 34

Characteristics per Quartile

The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn't break us out of that cycle.

Median Price

Pricing in the upper-half of the market (Quartiles 1 and 2) has been relatively flat recently while the lower-half prices have remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the Market Action Index Quartile breakdown for a leading indicator on which group will lead the market in the near future.

Quartile Price

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Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

Price per Square Foot

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Inventory of Properties Listed for Sale

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The Redwood City market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 74.18; indicating very little supply relative to the demand.

Market Action Index

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

Market Action Index per Quartile

Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s

Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

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The properties have been on the market for an average of 42 days. Half of the listings have come newly on the market in the past 7 or so days.

Days on Market

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

Days on Market per Quartile