Foster City 2015 Statistics

This discussion gets wilder each year it seems. The numbers seem to get more astonishing each year too. The total number of houses sold in 2015 was 103 in Foster City. Up from 99 in 2014 and in the same relative low range that we’ve had for several years now. Average days on the market […]

Highs & Lows 2015-Condo/Townhouses

On April 3 2014 I wrote a post where I predicted that we were about to see townhouses sell in Foster City for over $1,000,000. In 2015 there were 70 Condo/townhouses sell for at least $1,000,000. Amazing!! MOST EXPENSIVE CONDO/TOWNHOUSE: 807 Magellan This 4 bedroom, 2030 sq ft townhouse (off water) sold for $1,410,000. Listed for $1,088,000. […]

Highs & Lows 2015-Houses

OK, this should be interesting!   MOST EXPENSIVE HOUSE:  813 Grenada This 5 bedroom house in Plum Island was listed for $2,200,000…and closed at $2,777,888. The high in 2014 was $1,930,000. Incredibly…in 2015 there were 11 houses close over $2mil.   HIGHEST PRICE PER SQUARE FOOT: 539 Trinidad This 2010 square foot, 3 bedroom house sold […]

Whither Realtors

        The picture above sort of states the point of view of the marketing people at the home office at companies like Coldwell Banker…or Sothebys for that matter. A male realtor in a suit? I don’t think I’ve worn a suit in at least 15 years…and I think it was to a […]

Managing Expectations

I’ve always heard that the single most important thing that we do as agents is to establish expectations. At the end of the day I think that’s about 90% of the job. Of course that means telling the truth. A lot. What’s also really important is knowing what the truth is! Weird idea, huh? Nothing […]

An Abrupt Halt

Five weeks ago I listed a house on 4th Ave in Redwood City. I gave out 26 disclosures on it and got 7 offers. It sold $75,000 over asking and closed last Friday. The location on 4th made it the worst location I ever had a listing in. Still…it was mobbed with people at the […]

What is Normal?

I get so locked into my thinking that ALL real estate everywhere is just like it is here and I forget what a truly amazing place it is we live in. Just because I don’t usually see trees that look like this doesn’t mean that they don’t exist elsewhere. They obviously do. Well, that same […]

A Slice of Life

So I sold this listing in Redwood City a couple of days ago and I got a call from a guy this morning about it. He had seen it on Zillow and wanted to know some details about it. Right away I told him the truth that Zillow has a real bad habit of not […]

Too Good to Be True

I’m convinced that one of the hot new trends in residential real estate is toward discounting services and/or rebating commissions. Of course, this is nothing new. Help-U Sell and Redfin and ZipRealty have been around for awhile but it just seems to me that there’s more of this ilk than ever. Years ago we had a flight […]

It’s All About Me

Who knows why, but it seems like every summer the market slows just a tad and things aren’t quite as crazy as they were just a few months ago. Not slow really, just slower. It’s in this slightly different market that sellers start acting a tad crazier than they did just a couple of months […]