Comments on: Fun with Numbers

By: Jim Minkey

Jim Minkey — Fri, 14 Mar 2008 23:05:02 +0000

In the last calendar year 110 single family homes closed escrow…39 of them were non-Eichler ranchers, or 35%. 2 is a real small number to me(14%)considering how many ranchers are on the market in other communities around us. I guess I do indeed think that of the overall pie of buyers out there a rancher has the highest common denominator. They tend to be a little less expensive and stairs can be an issue with some folks. Also a buyer for a 5 bedroom, 3 bath multi story home tends to have a pretty specific need, like lots of kids, and a 3 or 4 bedroom rancher has more broad appeal. Foster City’s rancher floor plans are really nice too and are actually superior in my opinion to comparable homes in San Mateo, Belmont…etc. Clifford Wong’s new rancher listing on Crane is a great house, priced right and I’ll be shocked out of my mind if it doesn’t get multiple offers. I had a similar listing last year that got 11 offers and went $129,000 over asking. Anyway, sorry if I prattled too long…I can get rolling.

By: Michael

Michael — Fri, 14 Mar 2008 20:18:23 +0000

Jim – can you elaborate on the “lack” of ranchers in the FC market? Are buyers typically looking more for Ranches than multi-story homes?

By: Jim Minkey

Jim Minkey — Thu, 13 Mar 2008 15:58:58 +0000

I know, I know…I’ve omitted that segment of the market so far. I’ll have a big post about it soon…I promise. There’s good news there too!

By: Michael

Michael — Thu, 13 Mar 2008 06:29:43 +0000

Just out of curiosity, how does the market for condos and townhouses look by comparison? Is it in the tank or is it OK?

By: Amelia G.

Amelia G. — Wed, 12 Mar 2008 14:03:11 +0000

Hey- that is good to hear. Wow! Thank you!!
-Happy Foster City Homeowner