The Impervious Market

Yes, folks…we’re indeed in the impervious market. See this adorable house above? It’s a very cute 2 bedroom house in San Bruno that I sold earlier this week. It’s an estate sale and it required some preparation prior to going on the market (like most all houses now!). Of course I have a fairly large […]

How High Can It Go?

Sometimes I just can’t get my head wrapped around where these home values are. The first single family house that I ever sold is coming on the market next Friday. They bought it for $272,500 in 1990. How much you want to bet it goes at least a million over that number? Amazing! I know […]

Foster City 2016 Condo/Townhouse Statistics

In 2016 the number of total units was 152. That’s down from 164 in 2015 but still pretty decent. Price averages were a tad different.   2006…$661,993 2007…$694,026 2008…$635,839 2009…$577,267 2010…$577,150 2011…$512,192 2012…$551,000 2013…$657,000 2014…$744,522 2015…$936,000 I was sort of thinking that we might hit the a million as an  average in 2016….but we were close! […]

Foster City 2016 Statistics

Guess what? The average home values rose again in 2016. Big surprise, huh? The total number of houses  that sold in 2016 was 99. The same number as 2014 and down 4 houses from 2015. The average days on the market was 21 up from 16 in 2015. Below is the running total of average […]

Highs & Lows 2016-Condo/Townhouses

Last year I reported that there were 70 condo/townhouses sold for $1,000,000 or more. In 2016 there were 75. That actually did include a condominium for the first time. Here’s the overall poop. MOST EXPENSIVE CONDO/TOWNHOUSE:   1117 Lord Nelson This wide waterfront unit sold for $1,525,000, listed for $1,275,000. Last year I mentioned that 9 townhouses sold […]

Highs & Lows 2016-Houses

What’s the year been like?   MOST EXPENSIVE HOUSE: 1016 Flying Fish This 5 bedroom place closed at a whopping $3,008,500. When do you suppose this particular category shifts? Ever? In 2014 there weren’t ANY houses close over $2mil. Then in 2015 11 houses went over that number. Last year….16. This is the only one over […]

Cracks!

There was another type of crack shot that I almost used here (funnier!) but I figured I should stay on topic. Open houses are an amazing experience for me. It’s really astonishing, from my perspective that is, the kind of questions I get as well as the depth of fear I encounter expressed by potential […]

Oops….

So as you’ve undoubtedly gathered by reading this blog, as well as others over the years, Real Estate is a pretty kooky business and just about anything can happen. Often….those things are unique. This post is sort of targeted to buyers…as a warning. Be careful…lest you screw yourself. Come to think of it, that would […]

Pre-emptives

Probably as long as there has been a multiple offer environment there have been folks interested in finding a way around that kind of competition. Totally understandable really. Typically, the agent who is selling the home lists the place in the MLS and either right away or after the first weekend’s open houses sets a […]

Bubble Schmubble

OK, I’m officially over it. I’m sick to death of hearing about “The Bubble” and how it’s certain to burst. For those of you harping on this out there…GET OVER IT! What we’re experiencing here ain’t no freakin bubble. There’s a more accurate term for our market…normal. Adapt to it, roll with it…come to terms […]