Exponential

Double_Exponential_Function

A couple of posts ago I marveled at the listed price of the house on Beach Park that’s up for $1,748,000 and a couple of posts prior to that I marveled at the price for the house at 908 Constitution that was listed $100,000 over the sales price of a similar comp that was a few months old. Constitution sold of course and I can’t wait to find out what for. The fact of the matter is that so far in 2015 the prices seem exponentially higher than they were in 2014.

Foster City is a great place to look at comps since it has so many similar floorplans. Comparing like kind homes is simpler than doing the same thing in San Mateo.   For example, the 3 bedroom house at 249 Shearwater sold after being listed for $1,748,000. The all time high for this floorplan was actually this house and it sold last year for $1,525,000.

The house currently listed at 1130 Schooner is listed for $1,629,888. I sold this floorplan last year around the corner for $1,350,000. A similar floorplan also sold on Mira for $1,650,000 though. Schooner is looking at offers next Wednesday…that’ll be interesting.

There’s also the house at 1101 Catamaran that’s listed for $1,608,000. Again, I sold the last house with this floorplan in Foster City last year, it went for $1,280,000 with 7 offers. Slightly different floorplans with this square footage sold last year for $1,400,000 and $1,358,000.

I have a condo at Lido Isle coming up in a few weeks, it has the best waterfront exposure I’ve seen on either a house or a condo. Wide water on 2 sides. I’m listing it well over the all time high for this floorplan. Why not?

 

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