Today's blog looks at pending sales data in Redwood City as recorded by Multiple Listing Service Data. As of April 1 there were 68 pending sales in Redwood City. Currently there are 159 active listings. There have been several pending sales reported in the two million dollar plus range (list price). Bank owned properties appear to be genrating activity as 29 of these pending sales are reported as being REO properties.
The bottom line: Historically low interest rates, attractive pricing, and a first time buyers credit appear to be generating increased activity in our local San Francisco Mid Peninsula real estate market.