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 […]

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 […]

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 […]