Single Family Update

Crane

Foster City’s market for single famly houses had a good month in March so far. Of the 11 pending sales 9 of them sold this month. As expected, Cliff Wong from Coldwell Banker’s listing on Crane (pictured above) sold with multiple offers yesterday and the Prudential listing at 800 Marlin got 8 offers last week. There’s currently only 11 single family homes for sale in Foster City and zero non Eichler ranchers on the market. I know, I know…I’m a cheerleader, but this is a very good time to sell a house in Foster City! There’s almost no inventory. Here’s how we stack up:

Foster City…11 Active Listings, 11 Pending Sales

San Mateo…146 Active Listings, 52 Pending Sales

Belmont…39 Active Listings, 27 Pending Sales

San Carlos…47 Active Listings, 26 Pending Sales

Redwood City…188 Active Listings, 62 Pending Sales

There’s over 4500 single family homes in Foster City…I think 11 of them on the market is an incredibly low number. Now’s a good time.

Comments

  1. Did the Crane house go over asking?

  2. I’m not entirely sure…it’s scheduled to close on April 30. I promise to let you know then.

  3. Jennifer says:

    Anxiously awaiting update on F.C. condo market….
    Congrats on getting so far on the Blog Brawl. Voted for this blog site in every round.

  4. Thank you very much for the support!! The condo market post is coming soon…hopefully this weekend! There’s a ton of data that I’ve been going through and try to make sense of (how’s that for an excuse?) but I can see the forest through the trees finally. Soon, I promise!

  5. The crane house goes less than listing. It is a clear sign the market is softing, though I do not like it:)

  6. Honestly, that particular Crane house surprised me…particulary at that time in March. I do think the market has softened since then, mostly due to significantly more inventory. All these recent sales are sure good news though…it’ll be interesting to see where they all close escrow at in relation to their asking prices.

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