Foster City 2009 Condo/Townhouse Statistics

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While we’re looking at the numbers, let’s also take a peek at the condos/townhouses. Strictly from a numbers standpoint, we’re looking pretty good here too.

2008 FC Condo/Townhouse DataPDF
2009 FC Condo/Townhouse Sales

In 2008 103 condo/townhouse units sold in Foster City…in 2009 100 sold.

In 2008 the average sale price for a condo/townhouse in Foster City was $637,436…in 2009 it was $633,787. Incredibly, less than 1% off of 2008’s number. Pretty decent!

Average days on the market went from 55 in 2008 to 65 in 2009. It’s worth noting that there were several properties that sold in the first week as well as several that took well over 200 days to sell. It was that kind of year. If a property was priced correctly the chances were pretty good that it was going to sell reasonably quickly.

It’s also worth mentioning that, for both condo/townhouses and single family homes, the first part of 2009 was glacial. It was incredibly slow and very little inventory was moved. That’s why it’s so remarkable that both categories ended up at 100 units sold. The second half was really pretty decent and normal. It certainly seems like another reasonable assumption that 2010 will be pretty healthy. I’m betting the numbers will be better than 2009’s for sure. We’ll see…

Comments

  1. SteveTinFC says:

    (In a Homer Simpsonesque way) … “Mmmm, Data! I love Data!!” Thanks for posting these!

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