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Market Conditions in Redwood City : Real Estate Advice

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  • Local Info9
  • Home Buying38
  • Home Selling8
  • Market Conditions5

Activity 7
Wed Apr 24, 2013
Cindy Davis answered:
Agents are legally limited about what they can say about neighborhoods....I always suggest doing your crime research on this site: http://www.crimemapping.org
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Sun Mar 6, 2011
Drmm420 asked:
Mon Mar 2, 2009
Edith Karoline Jasser answered:
Hi Tom,
Just a quick thought on your asking price = list price and sold price!

Remember when a Seller puts his or her house on the market, they know that the buyer will not just come in and pay the full price although there have been times when that was the case and even higher than asking price if there were multiple offers. But in today's market the asking price includes several items, the seller knows that eventually he will have to reduce the price, and then after he needs to do that he will also have to negotiate with the potential buyer 5 % 6 % below asking price etc., so this may be the single reason for you seeing that the asking prices are not going on the very same curve as the selling prices. The selling prices are the ones after the initial asking price has been reduced (once or more than once) and after the negotiations with the buyer to come to the agreed upon final sale price....

Hope this helps!
Edith YourRealtor4Life! Working always in the very BEST interest of her clients!
edithsellshomes@gmail.com

If you every come across anyone you know who is moving to Chicago, the larger chicagoland area or anywhere in Northern Illinois would you send them my way? Thanks! I provide great service!
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Wed Jul 16, 2008
Arn Cenedella answered:
Mark:
Do you know the zoning of the property? There are some R2 lots in the Red Morton area. What is the lot size? Some bigger R1 lots can qualify for a cottage or second unit. You are astute in understanding the City will require you to replace and provide off-street covered parking. If you ever look at a property with a converted garage and no carport, there is a good chance the conversion was done without permit.
My sense is that without knowing the property I would lean against creating the 2nd unit. The Red Morton area of Redwood City seems to top out at a little over $1M where the typical 3/2 might be $850K to $900K so I would look closely before putting a lot of money into the property and perhaps overbuilding for the area.
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Fri Apr 9, 2010
Gene Yakubovich answered:
Swarren,

The listings in the areas indicating that the houses price are going down. More over there are some Bank own properties (houses that banks took back from borrowers that were in default on mortgages). and Banks will take a lesser price than regular seller. In addition there are some "Short Sale" listings where the sellers are offering properties for sale for less that their loan(s) amount.
I hopeI was able to answer your question.

gene
www'gemconsultants.net
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Sat Apr 25, 2009
Vicki Moore answered:
Most property owners as well as management companies list their available rentals on http://www.craigslist.org Another option is http://www.ArchstoneApartments.com They have long and short-term leases. Or http://www.rent.com

Hope those help.
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Fri Sep 17, 2010
Jamie Glenn answered:
It appears that area is doing well as average listing prices are up over the past month. The Oak Knoll neighborhood, which is close to Emerald Hills has seen average listing price increase the past few weeks. Check out the link below for more information. ... more
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