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California’s Unsold Inventory Index (UII), a closely watched index indicating the number of months needed to deplete the supply of homes on the market at the current sales rate, declined to 3.8 months in December, the lowest level in five years, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). By comparison, the UII ... [Read More]
Image via Wikipedia
California’s Unsold Inventory Index (UII), a closely watched index indicating the number of months needed to deplete the supply of homes on the market at the current sales rate, declined to 3.8 months in December, the lowest level in five years, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). By comparison, the UII for existing, single-family homes stood at 5.6 months in December 2008.
Image by Redwood Shores via Flickr
406 Barnegat Lane came on the market this morning priced at $419,900. This is a 1 bedroom, 1 bath plus loft 987 sq ft model on the inner waterway. This is a bank owned property. [Read More]
Image by Redwood Shores via Flickr
406 Barnegat Lane came on the market this morning priced at $419,900. This is a 1 bedroom, 1 bath plus loft 987 sq ft model on the inner waterway. This is a bank owned property.
Image via WikipediaOn the Street
Pre-Marketing Announcement: Properties Coming Soon.
In Ventana del Mar, 2 bedroom, 2.5 bath 1424 sq ft Craft model priced at $589,000.
In Gossamer Cove, 4 bedroom, 3 bath plus loft 2710 sq ft Rockport model priced at $1,199,000.
2009 in Review..
We finished the year with a flurry of activity as buyers were out during ... [Read More]
Image via WikipediaOn the Street
Pre-Marketing Announcement: Properties Coming Soon.
In Ventana del Mar, 2 bedroom, 2.5 bath 1424 sq ft Craft model priced at $589,000.
In Gossamer Cove, 4 bedroom, 3 bath plus loft 2710 sq ft Rockport model priced at $1,199,000.
2009 in Review..
We finished the year with a flurry of activity as buyers were out during the holidays. We are starting the year with fewer properties on the market than one year ago. Last year we had 11 single family homes and 20 condo/townhouses on the market. This year we have 7 single family homes and 13 condo/townhouses on the market. The median price dropped 11% for single family homes and 18% for condos and townhouses when comparing 2008 vs. 2009.
Image by Redwood Shores via Flickr
A 3 bedroom, 2.5 bath 1733 sq ft townhouse just closed in The Manors for $650,000. This townhouse was originally priced at $699,000; then reduced to $599,000 to stimulate a quick sale. It sold after 52 days on the market, and then took 5 ½ months to get final approval ... [Read More]
Image by Redwood Shores via Flickr
A 3 bedroom, 2.5 bath 1733 sq ft townhouse just closed in The Manors for $650,000. This townhouse was originally priced at $699,000; then reduced to $599,000 to stimulate a quick sale. It sold after 52 days on the market, and then took 5 ½ months to get final approval from the lenders and close escrow. This same townhouse sold for $850,000 in 2006; $900,000 in 2005; and $649,000 in 2003. This final sales price is similar to the 2003 sales price level. This is consistent with other developments in Redwood Shores.
