Woodside’s number of sales and
prices once again reached record
highs in 2021. The number of sales, at
130, was up a dramatic 65% compared
to 2020, and the highest by far on records
dating back to 2005. Sales started out
slowly and then took off with 24 sales
in the first quarter, 41 in the second
quarter, 33 in the third quarter, and 32 in
the fourth quarter. Keep in mind that any
Woodside properties sold off-market are
not part of this review.

The median price in 2021 reached a
record high, increasing a significant
32% to $3,750,000 and far exceeding
the record of $3,262,500 set in 2018. The
2021 median price was 141% higher than
what the median price was just 12 years
ago when it was $1,555,000 in 2009.

The high end of the market was
particularly strong with 11 homes sold
for more than $10 million. The two
highest-priced sales, at $35 million
and $28.2 million, were record sales
in Woodside, per the Multiple Listing
Service. There were 36 homes that sold
for $6 million or more, compared to 17
the previous year.

Although sales were strong and median
price was up, average price fell ever
so slightly. The average price was
$4,927,263, less than 1% lower than
the record high of $4,938,185 reached in
2020.

48 homes, or 37%, sold for more than
list price compared to 16% in 2020 and
18% in 2019. Another 18 homes, or 14%,
sold for list price and 64 homes, or 49%,
sold for less than list price.

Homes sold quickly with the lowest
average days on market in records
dating back to 2005. The average days of
49 was 34% faster than 74 days in 2020.
The median days on market was just 17,
also the lowest on records. Pricing was
still key to how long a home was on
the market. This direct correlation is seen
with homes that sold for list price or more,
which were on the market an average of
just 12.5 days; homes that sold for less
than list price were on the market for an
average of 87 days.