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Bargain Hunters Snapped Up Properties in Holiday Season

Your weekly Redwood City real estate market snapshot.

The number of properties listed on the market has definitely gone down since Novermber, mainly due to sellers skeptical to put the properties on the market during holiday season. 

However, buyers have a different attitude. The number of listings that are pending this week has gone up by 63% to 18 listings this week. 

The pending home sale number is a bit volatile but definitely not a down trend, the buying has partly fueled the low mortgage rate. 

Freddie Mac has reported that the mortgage rate is still at low 4%.

No. of listings 136 No. of REOs (real estate owned, by a bank, government agency, etc.) 8 No. of short sales 24 No. of regular sales 104 No. of new listings last week 17 No. of listings has price increase last week 0 No. of listings has price decrease last week 8 No. of listings become pending last week 18 No. of property sold last week 16 Inventory level 2.46 months

Homes sold this week (data source from MLS Listings Inc. and the San Mateo County Recorder's Office):

Address Closing Sale Price Beds Baths (F|P) Estimated Square Footage 457 CORK HARBOUR CIRCLE,#C $280,000 1 1|0 764 107 SHOREBIRD CIRCLE $280,000 1 1|0 760 3413 HOOVER STREET $319,000 4 2|0 1,080 3177 FAIR OAKS AVENUE $360,000 2 2|0 700 1124 BREWSTER AVENUE $432,000 2 2|1 1,500 60 AVONDALE AVENUE $675,000 2 1|0 1,140 573 TOPAZ STREET $799,000 3 2|0 1,340 3523 GLENWOOD AVENUE $865,000 4 3|1 1,640 628 CANYON ROAD $895,000 3 2|0 1,870 1581 JAMES AVENUE $904,000 3 2|0 1,800 511 BUENA VISTA AVENUE $920,000 3 2|0 2,000 195 BONSEN COURT $970,000 3 3|0 2,220 1022 PALOMAR DRIVE $1,234,567 3 2|0 1,850 99 KING STREET $1,405,000 4 2|2 2,774 1845 BARTON STREET $1,835,000 5 5|1 3,223 25 BENNETT ROAD $1,996,000 4 3|0 3,990

Note: These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.  Neither Patch.com nor MLS Listings Inc. guarantees the completeness or accuracy of the information.

dustinsavoy December 12, 2011 at 07:01 AM
With mortgage loan rates at such a low point, refinancing now can save you hundreds of thousands of dollars in interest by using 123 Refinance to refinance your home

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