Summer Savings in Emerald Hills

So, Redfin released a new version of its home-search program today, which among other things includes upgraded and improved listing information, further drilling down into neighborhoods with more charts and graphs. The NEW Neighborhood Pages are a boon for RE buyers, and include inventory updates and overall market updates, showing all reductions (when, how much, original listing price), neighborhood pricing trends, and number of homes for sale. Quite a bit of useful information, really. You should check it out. Meanwhile, let’s take a look at property in the Emerald Hills area of Redwood City, always one of the more popular, pricey, and stable of the bunch. In the last month 8 properties have slashed their prices, offering a savings of between $50,000 and $400,000.

First off is 828 Canyon Road (photo above), which recently saw a price reduction, going from $1,150,000 to $1,099,000 (5%). 3288 Oak Knoll, a 4/4, reduced its price after only 14 days on the market, but was a bit stingy in doing so, going from $1,799,000 to $1,750,000 (3%), while over at 7 Cirrus Court a $60k reduction has taken place, bringing down the price to $1,699,000 (4.5%). 1757 Edgewood, a 4/2.5 went from $1,499,000 to $1,379,000 (8%) in a 30-day period. Also in the $100,000+ price-reduction category is 612 Lakeview Way, a 5/3.5 that went from $2,195,000 to $2,095,000, 266 Sylvan Way, a 4/3.5 now listed for $1,595,000, and 713 Bayview Way which has dropped $228,500 off its price in the last 131 days and is now listed at $1,569,500 The biggest reduction is 125 Emerald Estates Court, which started out life at $3,395,000 and has lopped $400k off the price.