Redwood Shores Annual Real Estate Trends

SINGLE-FAMILY HOMES % Change from Year Before
Area Year No. Sales Median Price Average Price Avg DOM New Listings Sales Median Price Average Price New Listings
RS  1997 107 $463,000 $488,174 33 130        
RS  1998 123 $540,000 $547,038 34 172 15.0% 16.6% 12.1% 32.3%
RS  1999 123 $610,000 $633,602 37 127 0.0% 13.0% 15.8% -26.2%
RS  2000 114 $807,500 $855,002 24 146 -7.3% 32.4% 34.9% 15.0%
RS  2001 73 $789,000 $820,989 58 144 -36.0% -2.3% -4.0% -1.4%
RS 2002 126 $812,000 $833,450 52 176 72.6% 2.9% 1.5% 22.2%
RS 2003 117 $815,000 $847,493 52 144 -7.1% 0.4% 1.7% -18.2%
RS 2004 124 $985,000 $1,020,394 26 147 6.0% 20.9% 20.4% 2.1%

CONDOS % Change from Year Before
Area Year No. Sales Median Price Average Price Avg DOM New Listings Sales Median Price Average Price New Listings
RS  1997 169 $286,500 $300,885 24 190        
RS  1998 210 $344,250 $339,282 27 262 24.3% 20.2% 12.8% 37.9%
RS  1999 165 $379,250 $375,792 29 155 -21.4% 10.2% 10.8% -40.8%
RS  2000 140 $522,500 $516,863 17 158 -15.2% 37.8% 37.5% 1.9%
RS  2001 126 $476,000 $487,631 45 226 -10.0% -8.9% -5.7% 43.0%
RS 2002 167 $500,000 $499,037 34 224 32.5% 5.0% 2.3% -0.9%
RS 2003 171 $495,000 $518,413 51 190 2.4% -1.0% 3.9% -15.2%
RS 2004 152 $612,000 $607,313 20 171 -11.1% 23.6% 17.1% -10.0%

DEFINITIONS

Med. Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Ave. Price
Average Price is the sum of all prices divided by the number of sales.
Ave. DOM
Average Days on Market is the average time it took to sell all properties.
Newly Listed
How many properties came on the market in the given time period.

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