An Elite Club

839luras

Well, we’re now really going to discover whether the real estate market in Foster City is back…or not. We’re going to discover that because the upper end market has been adding listings to the overall Foster City single family inventory and quite a clip lately. Currently there’s 10 listings priced at $1,198,800 or better here in town, half of them have been listed in the last month and 4 of those in the last week. These are large houses by and large and their prices are steep, in some cases. Check them out:

700 Santa Cruz listed by Sue Dickey of Alain Pinel for $1,599,000. This 3810 sq ft 5 bedroom house wide waterfront is on a 7800 sq ft lot. Nothing at this price has sold in 2009 and the last one even close was last December for $1,535,000. We’ll see…

261 Surfbird listed by Bill Chow of Re/Max Today for $1,475,000. 3200 square feet, wide water, super nice house.

335 Thatcher listed by Vince Sherba of Cashin Company for $1,399,000. 2730 sq ft, 4 bedroom house at Alden Crossing. Nice place too and Alden Crossing has been historically popular.

There’s also a brand new listing on a brand new house at 1017 Gull listed for $1,399,000 but there’s no pics for it yet so I can’t show it to you. $1.4mil on Gull…it better be amazing!

Here’s the thing, there’s only been 6 houses listed at or over $1,300,000 actually sell in Foster City this year. One of them was my listing at 839 Lurline pictured above so I know how challenging it is to sell a house in this range. I wish all of these sellers/agents the best of luck. Now we’ll really see how much recovery we’ve had in this market!

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