Mid-Peninsula Sales Picking Up Steam

The first week of July brought 28 sales, which is a jump over last month, when the first two weeks brought only 38. So things are ratcheting up and homes seem to be selling a bit more quickly. Of those 28 homes, 64% sold within 30 days (up from 58% last time) and 93% sold within 60 days (up from 84%), with the average days on market 30.89 days. The big difference appears to be in the list versus sale price. Sales ranged from 5% over list to 20% under list, with the biggest price cuts taking place on Redwood City homes. Only 18.5% sold at or above list, which is down 13%, with the average sale price being 4.8% below asking.

The majority of sales were in Redwood City (17), with San Carlos and Belmont almost even, with 5 and 6 sold, respectively. While there are 53 homes for sale under $500k in Redwood City, only one sold in that price range, a 2/1 on 15th Avenue. On the high end is 10 Danforth Court in Redwood City that sold for $2,450,000. The home was on the market for 69 days and sold for $100k less than list (-4%).

To give you an idea of what is selling and for how much, here is the lowdown on the 28 sales logged during the week of June 30 – July 6.

10 DANFORD COURT, Redwood City 4/4+ Sq. Feet: 3940 DOM: 69
Original $2,550,000 Sold for $2,450,000

9 WOODHILL DRIVE, Redwood City 4/3 Sq. Feet: 2820 DOM: 15
Original $1,898,000 Sold for $1,898,000

738 SYLVAN WAY, Redwood City 4/3.5 Sq. Feet: 4630 DOM: 43
Original $1,999,999 Sold for $1,685,000

96 WESSEX WAY, San Carlos 3/2.5 Sq. Feet: 2810 DOM: 11
Original $1,649,000 Sold for $1,625,000

169 INNER CIRCLE, Redwood City 4/4+ Sq. Feet: 3150 DOM: 58
Original $1,589,000 Sold for $1,440,000

840 HOLLY ROAD, Belmont 4/2.5Sq. Feet: 2560 DOM: 58
Original $1,459,000 Sold for unknown

1500 EL VERANO WAY, Belmont 4/3 Sq. Feet: 2270 DOM: 10
Original $1,325,00 Sold for $1,325,000

1252 CRESTVIEW DRIVE, San Carlos 4/2.5 Sq. Feet: 2270 DOM: 50
Original $1,348,888 Sold for $1,298,888

3724 HAMILTON WAY, Redwood City 3/2.5 Sq. Feet: 2050 DOM: 95
Original $1,359,000 Sold for $1,275,000

3647 COUNTRY CLUB DRIVE, Redwood City 4/3.5 Sq. Feet: 2840 DOM: 53
List $1,298,000 Sold for $1,223,000

194 NEVADA STREET, Redwood City 3/2 Sq. Feet: 1850 DOM: 4
Original $1,198,500 Sold for $1,208,500

212 FAIRMONT AVENUE, San Carlos 3/2 Sq. Feet: 1460 DOM: 23
Original $1,225,000 Sold for $1,189,500

233 KING STREET, Redwood City 3/3.5 Sq. Feet: 2169 DOM: 64
Original $1,295,000 Sold for $1,185,000

2010 NASSAU DRIVE, Redwood City 3/2 Sq. Feet: 1510 DOM: 30
Original $899,000 Sold for $942,500

1925 HOWARD AVENUE, San Carlos 3/1.5 Sq. Feet: 1140 DOM: 14
Original $889,000Sold for $912,000

108 NORTHAMPTON LANE, Belmont 3/2.5 Sq. Feet: 1490 DOM: 12
Original $875,000 Sold for $875,000

3024 MCGARVEY AVENUE, Redwood City 3/2 Sq. Feet: 1483 DOM: 11
Original $879,000 Sold for $865,000

3719 HAMILTON WAY, Redwood City 2/1 Sq. Feet: 1150 DOM: 3
Original $849,000 Sold for $850,000

1850 ALDEN STREET, Belmont 2/1 Sq. Feet: 1010 DOM: 7
Original $798,800 Sold for $815,000

315 G STREET, Redwood City 3/2 Sq. Feet: 1240 DOM: 16
Original $785,000 Sold for $775,000

1836 EL VERANO WAY, Belmont 3/2 Sq. Feet: 1290 DOM: 1
Original $799,999 Sold for $770,000

2452 SAN CARLOS AVENUE, San Carlos 3/1 Sq. Feet: 1210 DOM: 46
Original $769,000 Sold for $768,000

1154 SAINT FRANCIS STREET, Redwood City 3/1 Sq. Feet: 1090 DOM: 36
Original $659,000 Sold for $624,000

1040 HILLER STREET, Belmont 3/1 Sq. Feet: 1190 DOM: 84
Original $669,888 Sold for $599,888

477 TOPAZ STREET, Redwood City 2/1 Sq. Feet: 700 DOM: 78
Original $625,000 Sold for $555,000

486 VERA AVENUE, Redwood City 3/2 Sq. Feet: 1520 DOM: 141
Original $689,000 Sold for $550,000

1535 GORDON STREET, Redwood City 3/2 Sq. Feet: 1430 DOM: 45
Original $599,000 Sold for $520,000

1080 15TH AVENUE, Redwood City 2/1 Sq. Feet: 830 DOM: 149
Original $535,000 Sold for $449,000