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 […]

Real Estate Made Easy…or Not.

  OK, this rant has been coming for quite some time…it’s been brewing for years as a matter of fact. It’s finally arrived! Once upon a time we took vacations and other trips by calling travel agents or we used guide books to help us plan. Then came the glorious internet and that changed everything. […]

Ebbing and Flowing

Honestly, I’m not entirely sure what the meaning of this pic is…but it’s really pretty cool. Plus, if I do just a little mental gymnastics I can make it fit the Ebb and Flow imagery. This year started with a bang. Actually, last year ended that way. December was as hot as any December that […]

Foster City 2015 Condo/Townhouse Statistics

The total number of units selling in Foster City is really pretty consistent over the last few years. 2006…240 2007…165 2008…112 2009…140 2010…143 2011…144 2012…156 2013…169 2014…176 In 2015 we did 164. Clearly there was no problem selling anything. How about those dreaded average prices:   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 In […]