To:                                   Patrick Carmichael

Subject:                          RWS Newsletter dated November 19, 2008

 

 

 

Redwood Shores Weekly

Real Estate Newsletter

November 19, 2008

                                                           Volume 1,  Number 15

 

Patrick Carmichael 650-802-7011 carmichael@redwoodshores.com

In This Issue

 

·    Changes for the Week

·    Year to Date Comparison

Resources

RWS Blog

redwoodshores.com

Search the MLS at

patrickcarmichael.com

Complete RWS Inventory

Link to a Web page

 

Single Family Homes

 

Condos & Townhomes

 

Rentals

Virtual Tours &   Property Information        

 

814 Intrepid Lane

 

901 Governors Bay Drive

 

638 Marlin Court

 

368 Treasure Island Drive

 

1000 Davit Lane #120

 

112 Amalfi Way

Contact Me

Carmichael@redwoodshores.com

On the Street

The conforming “high cost” loan limit for San Mateo County in 2009 will be $625,500. In the rules set forth in the Stimulus Act enacted earlier in 2008, loans had a limit of $729,750.This will expire by the December 31, 2008.  It is possible to still secure the higher amount. Check with your lender for details.

We are seeing some offers coming in on select properties but at this point significantly under the asking prices. These offers have not come to terms acceptable to the sellers.

There has been a higher than usual number of properties coming on the market for this time of year.

 

Single Family Homes On the Market

  Last Newsletter 16 properties      This Week 14 properties

Condominiums and Townhouses On the Market

  Last Newsletter 35 properties    This Week 40 properties

Changes for the Week

Below are listed the changes in Redwood Shores since my last newsletter

Single Family Homes

Address

Complex

B/B

Price

Change

972 Governors Bay

Governors Bay

4/3

$1,587,888

Off Market

Property was Leased

26 Lido

Sunrise

3/2.5

$1,198,000

Listing Cancelled

35 DOM

617 Martinique

Sunrise

3/2.5

$928,000

Price Reduced

459 Tiller

4/2

$875,000

Price Reduced

Text Box: DOM-Days on Market LP-Original List Price SP-Final Selling Price SS-Short Sale

 

Condominiums and Townhomes

Address

Complex

B/B

Price

Change

31 Admiralty

Seabridge

3/3

$1,069,600

New Listing

600 Baltic #616

Ventana del Mar

3/2.5

$799,000

New Listing

368 Treasure Island

Farallon

3/3.5

$789,000

Price Reduced

1000 Davit #124

Ventana del Mar

3/2.5

$749,500

New Listing

318 Treasure Island

Farallon

2/2.5

$724,000 SP

$738,000 LP

Closed Sale

14 DOM

597 Shoal

Hampton

2/2

$699,000

New Listing

701 Baltic #737

Ventana del Mar

2/3

$688,000

Price Reduced

442 Barnegat

Lighthouse Cove

2/2

$674,500

New Listing

1000 Davit #104

Ventana del Mar

2/2

$665,000

New Listing

701 Baltic #711

Ventana del Mar

2/2.5

$638,500

Cancelled 127 DOM

68 Pelican

Pelican Cove

2/1

$480,000

Price Reduced           10 DOM

Text Box: DOM-Days on Market LP-Original List Price SP-Final Selling Price SS-Short Sale

 

Call Patrick with questions on any property in Redwood Shores!

650-802-7011

Year to Date Statistics Single Family Homes

 

Year

Closed Home Sales YTD

2008

63

2007

82

2006

74

2005

118

2004

137

 

Year to Date Statistics Condos & Townhomes

                                        

Year

Closed Condo/Townhome Sales YTD

2008

69

2007

108

2006

137

2005

156

2004

224

 

 

 

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