Condo/Townhouse Inventory-April

Street Address List Price Orig List Price DOM Status Beds Baths (F|P) Bldg SqFt
961 VASCO DA GAMA LN 875000 73 A 4 2|1 2030
741 CELESTIAL LN 780000 11 A 4 2|1 1920
1145 NIMITZ LN 775000 799000 59 A 3 2|0 1530
700 PROMONTORY POINT LN #1306 749947 39 A 3 2|1 2224
973 MARQUETTE LN 729000 61 A 3 2|1 1640
1138 NIMITZ LN 729000 8 A 3 2|1 1700
760 NEPTUNE LN 729000 4 A 4 2|1 1700
1035 RUDDER LN 720000 6 P 3 2|1 1880
1024 CONDOR LN 719750 7 P 3 2|1 1670
30 BINNACLE LN 719000 35 A 2 2|1 1620
1030 HULL LN 719000 7 P 2 2|1 1440
155 ALBACORE LN 699000 719000 40 A 3 2|1 1630
709 FOSTER CITY BL 699000 46 P 3 2|1 1465
225 BONITA LN 695000 2 A 3 2|1 1630
878 URSA LN 690000 25 A 3 2|1 1618
216 VILLAGE LN 688000 56 P 2 3|0 1630
1046 GULL AV 679888 9 P 4 2|1 1760
818 RIGEL LN 675000 688000 56 A 3 2|1 1470
606 PAVO LN 669000 729000 81 P 3 2|0 1370
1068 EAGLE LN 669000 32 P 3 2|1 1290
719 GALLEON LN 669000 32 P 2 2|1 1290
1449 MARLIN AV 668888 18 P 3 2|1 1530
833 JUNO LN 659888 14 A 3 2|1 1330
7 E COURT LN 655000 26 A 2 2|1 1530
880 MERIDIAN BAY LN #309 639000 88 A 3 2|0 1606
808 VOLANS LN 638000 33 A 3 2|1 1618
844 BALBOA LN 630000 8 A 2 2|0 1490
860 MERIDIAN BAY LN #228 629000 53 A 3 2|0 1606
3 E COURT LN 629000 12 A 2 2|1 1530
1059 HULL LN 625000 33 A 2 2|0 1240
835 COLUMBA LN 625000 649000 190 P 3 2|1 1546
1021 LIDO LN 624900 18 A 2 2|0 1490
861 BALBOA LN 620000 40 A 2 2|0 1270
815 PEARY LN 620000 36 A 3 2|1 1340
936 LIDO LN 618000 628900 50 A 2 2|0 1395
209 TOWN GREEN LN 615000 17 P 2 2|1 1370
650 CELESTIAL LN 602900 614900 49 P 3 2|1 1430
55 COMMONS LN 599000 9 P 2 2|0 1230
885 BALBOA LN 595000 618000 90 A 2 2|0 1270
905 EMERALD BAY LN 580000 32 P 2 2|1 1530
1218 MOONSAIL LN 575000 600000 178 P 2 1|1 1350
126 ALBACORE LN 572500 495000 91 P 2 2|1 1370
1206 ADMIRALTY LN 559000 4 A 3 2|1 1505
236 COMMONS LN 550000 13 P 2 2|0 1230
744 CELESTIAL LN 548000 618000 41 P 2 1|1 1270
860 MERIDIAN BAY LN #123 535000 580000 92 A 2 2|0 1245
2209 ADMIRALTY LN 529950 23 A 3 2|1 1505
613 PORTOFINO LN 499000 9 P 2 2|0 1395
1217 ADMIRALTY LN 488000 28 P 3 2|1 1505
1171 COMPASS LN #314 470000 66 A 2 2|0 1270
800 SEA SPRAY LN #210 468000 221 A 2 2|0 1213
815 SEA SPRAY LN #103 458103 28 P 2 2|0 1233
1151 COMPASS LN #108 450000 145 A 2 2|0 1286
141 ALBACORE LN 449999 34 P 2 2|0 1050
1061 BEACH PARK BL #107 439000 65 A 2 2|0 1286
1025 SHELL BL #7 410000 22 P 2 2|0 1042
218 ALBACORE LN #D20 409000 6 A 1 1|0 724
1191 SW COMPASS LN #108 399000 179 A 2 2|0 1286
1025 SHELL BL #8 398000 7 P 2 2|0 1042
820 SEA SPRAY LN #114 388000 394000 82 A 1 1|0 953
178 ALBACORE LN 385000 405000 144 P 1 1|0 724
1075 SHELL BL #11 374950 4 P 2 2|0 1042
5102 ADMIRALTY LN 335888 367000 74 A 1 1|0 748
8104 ADMIRALTY LN 329000 56 A 1 1|0 748
7201 ADMIRALTY LN 309000 30 P 2 1|1 998
7211 ADMIRALTY LN 299000 10 P 2 1|1 998

In February Foster City had 28 active listings and 25 pending sales when I did this report. The inventory has only gone up slightly, to 34 active listings and there are 30 pending sales (pendings are light color). That really is a pretty good ratio! It’s also interesting that 17 of those 30 properties sold in April. The market is healthy! Yet, it’s really interesting how other properties have just been sitting for a long time. In many cases, it’s the over priced property that’s been sitting for a long time…and there’s plenty of those. If it’s clean, remodeled and priced right it’s gone quickly. Here’s some examples:

225 Bonita listed by Sue Dickey of Alain Pinel for $695,000. I was going to talk about nice new listings…but all the best ones sell right away! Take this one for example. It’s an absolutely stunning 3 bedroom unit at Marina Green. It came up on Sunday and sold yesterday. Why not, it was priced well and it was drop dead gorgeous.

1035 Rudder listed by the illustrious Richard Williamson of Re/Max Today for $720,000. Ditto the last entry, another gorgeous 3 bedroom unit at Bayfront Court. Incredible place…this one took 6 days to sell.

55 Commons listed by Cheryl V with Achievers Real Estate for $599,000. Sold in 9 days at CityHomes. 2 bedrooms, 2 baths, again…gorgeous. Priced well and it’s gone right away.

The amazing thing is, there’s so many overpriced, mediocre units out there right now that I think will probably be sitting forever. When the new, nice units like these come up buyers will snap them up.

Comments

  1. SteveTinFC says:

    I, for one, LOVE to see all the sales activity!! I’m just special that way. 🙂

    Seriously, I don’t know that we are out of the woods on this economic recession, but it’s nice to see this activity in the residential market.

    Jim, you should do a post soon on the state of the commercial market. That’s the one that concerns me most as the “finance dude” in this town. Just sayin…

    ST

  2. would be interesting to see sales activity after the tax credit expires.

  3. Jim Minkey says:

    My prediction is that it won’t matter at all. This market boomed without the tax credit and I have no doubt that it will without it. I have dozens of people I’m working with right now and none of them, zero, have expressed concern about the credit. They want a home that will appreciate.

  4. i kind of don’t like to live in condominums because they don’t offer large spaces for garden.`~.

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