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Woodside Market Continues to Be Active
The reported average sales price of a home in Woodside fell to $1,711,053 in the first quarter of 2011, down from a record high of $3,858,618 in the fourth quarter of 2010. By comparison, the average sale price in the first quarter of 2010 was $2,386,358. During the next three months the average rose slightly, increasing to $2,094,063, topping the average price of the second quarter of 2010, which was $1,752,789. There were 19 reported sales in Woodside during the first quarter of 2011, more than double the 8 of the first quarter of 2010. In addition, the 31 reported sales in the second quarter, when measured against the 19 reported sales during the same three months in 2010, suggest that the Woodside market continues to be active.
However, it is still taking a long time to sell a home in Woodside. The fourth quarter of 2010 saw an average of 149 days on the market, a figure not surpassed since the first quarter of 2008. During the first three months of 2011, properties remained on the market for an average of 103 days, substantially longer than during the first quarter of 2010, when days on the market averaged 70 days. The second quarter remained at the same level: 100 average days on the market. As of the middle of July, there were 58 Woodside homes listed for sale in the Multiple Listing Service. These ranged in price from $849,000 to $19,000,000, with an approximate average of $3,417,000, and had been on the market for an average of 120 days. By comparison, this is the same number of properties listed for sale in July of 2010.
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