Comments on: Foster City 2008 Condo/Townhouse Statistics http://fostercityblog.com/2009/01/foster-city-2008-condotownhouse-statistics/ Foster City Real Estate...and so much more! Mon, 14 May 2012 23:39:56 +0000 hourly 1 http://wordpress.org/?v= By: Asif http://fostercityblog.com/2009/01/foster-city-2008-condotownhouse-statistics/comment-page-1/#comment-7351 Asif Tue, 06 Jan 2009 22:38:41 +0000 http://fostercityblog.com/?p=1613#comment-7351 Thanks for posting these statistics as well as the raw data Jim. Real estate prices are sticky and hence I am not surprised by the fact that they are coming down slowly. Looking at the raw data you posted, while the year-over-year price of single family homes dropped just 3.89% in 2008, on average the homes that sold were larger. Hence using the price/sq foot data, prices dropped 6.9%. This brings the single family home decline more in line with the 7.9% decline in the price of condos/townhomes. It would be great if you could do a post about the legal differences between condos and townhomes as I am increasingly seeing realtors market condos as townhomes. Asif <a href="http://www.SINLetter.com" rel="nofollow">SINLetter.com</a> Thanks for posting these statistics as well as the raw data Jim. Real estate prices are sticky and hence I am not surprised by the fact that they are coming down slowly.

Looking at the raw data you posted, while the year-over-year price of single family homes dropped just 3.89% in 2008, on average the homes that sold were larger. Hence using the price/sq foot data, prices dropped 6.9%. This brings the single family home decline more in line with the 7.9% decline in the price of condos/townhomes.

It would be great if you could do a post about the legal differences between condos and townhomes as I am increasingly seeing realtors market condos as townhomes.

Asif
SINLetter.com

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