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 Do I Know?

Kind of a long hiatus…but I’m back! Ready for the new era of Real Estate…sort of! So I put  nice listing on the market a couple of weeks ago on Pompano and I expected the same insanity with it as I had on my Beach Park listing a month or so ago. I knew in […]

Into The Void

This year has been almost indescribably crazy so far and prices are reaching heights that even I didn’t dream of. I think it’s really safe to say that $1,300,000 is the floor when it comes to single family home values right now. Three bedroom ranchers are ranging now between $1,350,000 and $1,420,000. What do you […]

The New New Normal

A couple of years ago I wrote a post about the market’s “new normal”. That normal is old now. We have a new new normal now. This could be as strange a new normal as I’ve ever seen. Maybe even as strange as that carrot up there. For 25 years I’ve had a common routine […]

Real Estate Diaspora

Sort of coming on the heals of that last post I wrote about changing criteria is the also new phenomenon of buyer flight to the East Bay and South San Jose. It’s a veritable Real Estate Diaspora. Folks that would just as soon live in Foster City are taking flight and buying in Fremont or […]

Altered Criteria

One thing that always happens in hot markets is a buyers criteria gets reduced. In a slow market a buyer can afford to be picky and bad locations, plenty of needed improvements or schools that don’t have API scores over 900 can eliminate a property from someone’s choices. Not now though! I mention the API […]

Foster City 2014 Condo/Townhouse Statistics

As I’ve mentioned before on this blog, condo/townhouses are a lot more difficult to draw conclusions about because there are problem projects and great projects and some are way up and others not so much. Thus that should be considered when thinking about the overall statistics about FC. Let’s get started…how about the total number […]

Foster City 2014 Statistics

So every year I write this post and the story has been pretty much the same…less sales as the result of bad inventory. Last year I marveled at the fact that only 106 single family houses sold in 2013 and how that was the lowest number since the lean year of mortgage meltdown in 2008…when […]

Highs & Lows 2014-Condo/Townhouses

OK, so how about these guys:   MOST EXPENSIVE CONDO/TOWNHOUSE: 740 Promontory Point #3404 This large 2697 sq ft unit sold for $1,290,000. The high in 2013 at Promontory Point was $1,012.500. Same size place. HIGHEST PRICE PER SQUARE FOOT: 834 Erickson at Winston Square, in only 1380 sq ft, sold for $1,050,000…a whopping $760.00 […]