Welcome to Redwood City, California, in the heart of the San Francisco Peninsula, home to some of the highest priced zip codes in the country. As a veteran, local realtor I have often helped clients who are relocating here work through their sticker shock to find the home that will best suit their needs. And as a local resident, I know that Redwood City is often the best place to start on the road to home ownership on the San Francisco Peninsula. With its vivacious downtown, variety of inviting neighborhoods, proximity to San Francisco, San Jose and Half Moon Bay as well as the best climate around, Redwood City also offers some of the most attractive prices. In short, for many home buyers, Redwood City gives the biggest bang for their buck.
With homes selling between $3,250,000 and $145,000 last year the median sale price for all Redwood City residential properties - single residences, townhouses and condominiums - for December 2010 was $724,000, fluctuating over the previous 12 months from a low of $637,000 in January 2010 to a high of $925,500 in July 2010 (Clarus Market Metrics).
Taking into account this most recent median sale price, here’s what you can expect for $725,000. With a total of 23 properties between $700,000-$800,000 currently for sale.
There are currently no pending sales for homes listed for $725,000. Over the past year, one property has sold at $725,000, and 4 others sold in the $720,000-$730,000 range.
In November 2010, this 3 bedroom/2 bath Woodside Plaza home sold just a bit above the December 2010 Median Sale Price of $724,000.
Whether you’re looking for homes in a lower or higher price range, Redwood City is a great place to start! Want to know what you can get in your price range? Go to Wende By The Bay.