Reality Bites

marble2

That’s a photo of one of our new 8 week old kittens, his name is Marble. Pretty cute, huh? We got two of them and our girls are freaking out they’re so happy! Of course Marble and his brother have absolutely nothing to do with this post…it’s just that kittens make everything feel better somehow. I say that because my broker informed us yesterday afternoon that they are closing our Foster City Re/Max office effective at the end of this month. I think there may be a couple of very small realty shops still left in Foster City…but I could be wrong about that. None of the larger franchise or corporate real estate brokerages have offices in Foster City any more.

To give you an idea of the thinking here, in 2005 the San Carlos and Foster City Re/Max offices closed 1480 transactions.  In 2008 the combined total was 480. Year to date through July 6 the combined total is 194, most of them in San Carlos. Interestingly, Re/Max Today has been, and still is today, the top producing real estate office in San Mateo County. There’s over 1000 real estate offices in San Mateo county and only 30 of them averaged 10 transactions a month in the first quarter of 2009. It was a really, really slow start to this year. It’s understandable to me that my broker would have to close this office. All of the agents and staff will be moving to San Carlos and some may elect to work from home using San Carlos as a base. Nevertheless, it’s sad that Foster City can’t support one single real estate office.

Anyway, if we meet in the future maybe we can meet at Starbucks if you don’t feel like traveling to San Carlos. On the other hand, San Carlos has some great restaurants! Don’t be afraid of the journey over here! You may even get to pet a kitty!

Comments

  1. Lydia - Jim's Assistant says:

    I notice you don’t mention the name of the second kitty. Is that because you couldnt talk the girls out of Fluffy? 🙂

  2. Jim Minkey says:

    The other one’s name is Mikuni. That’s our favorite Japanese restaurant…the cat’s named after a restaurant

  3. I heard the name means “heaven” in Japanese- which is the joy these little creatures are bringing to our home!
    The kids also thought a Japanese name was good for a siamese cat…what do they know!

    Sad about the Foster City office!!

  4. would be great to see the real transactions number in lets say 2001, 2002, 2003, 2004.
    obviously you picked 2005 which is fuelled by the underwriters giving away loans at that time.

  5. Jim Minkey says:

    2005 was the high year, that’s for sure, but the offices did around 1000 in each of those =earlier years too. Not sure about 2001, but it’s always been a really productive place. This year is surreal.

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