High & Lows 2009-Houses

I did this last year and it was kind of fun and illustrative…so here we are again.

MOST EXPENSIVE HOUSE:

SantaCruz

700 Santa Cruz Wonderful house on a large waterfront lot at Longwater. 3800 sq ft in the house too. It sold for $1,599,000 and closed in November.

HIGHEST PRICE PER SQUARE FOOT:

Mystic

602 Mystic Another nice waterfront, it came in at $672.00. Mystic must have had something going on in 2009…612 Mystic came in at $662.00.

LOWEST PRICED HOUSE:

chesapeake

398 Chesapeake This foreclosure, a really clean nice house too, came in at $750,000 in June. Last years lowest was $825,000.

LOWEST PRICE PER SQUARE FOOT:

CURLEW

248 Curlew This 3560 sq ft 5 bedroom house sold for $1,065,000…or $299.00 per sq ft.

LONGEST ON THE MARKET:

Flying

159 Flying Mist This home was on the market for 320 days. It’s also the winner of another category listed below.

GREATEST OVERBID:

leeward

1402 Leeward Interesting that all of the overbids took place in the range under 1 million. This house sold for $56,000 over asking. There were others…this was the highest.

GREATEST AMOUNT UNDER ORIGINAL LIST PRICE:

Flying

Once again…159 Flying Mist This place had the dubious distinction of reducing it’s price a total of $550,000 during it’s listing life before it ratified.

Nothing real scientific here…but it’s kind of fun to look at.

Comments

  1. Very interesting!
    How about how many transactions in Foster City without going on multiple listing?, not counting within families.

  2. Jim Minkey says:

    I really have NO idea at all. Maybe the only way to do that would be to have a Title company run the grand total of ownership changes and compare them to MLS closings. There was 103 MLS closings on single family houses alone. My guess is that it would be really inconsequential…like maybe 1 or 2 closings, especially if you’re eliminating family only transactions. I don’t think I’m motivated to search for that small of a needle in this haystack. Not sure what meaning you could extract form it anyway?

  3. I know of at least two houses….there must be more.
    Is it possible, that this one listing agent, knowing lots of buyers, conducted the transaction, without going on MLS, can control the housing price in Foster City to a certain extent?

  4. Jim Minkey says:

    OK, are we talking about a real estate agent who lists a home and sells it to a buyer without it appearing on the MLS? I would believe that…I know a few who do that too. Most of the time they’re entered into the MLS after COE so that agent can qualify for local awards and such. I would believe that there are others that don’t make it though. I thought we were talking about a random buyer meeting a random seller and putting a sale together on their own. Not sure about any one individual controling the price of houses either. I know some pretty pwerful agents and they can’t control their own listings prices. Case in point: the $500,000 reduced price on that house on Flying Mist…I consider that a lack of control. LOL!

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