Foster City is a planned community with waterways running throughout the city.  Along these waterways you might find apartments, condos, townhouses or single family homes.  And as you might expect, living along the water is much desired and the homes sitting there do command a higher price.

Waterfront homes often sell faster and for more money than the exact same floor plan across the street. As they say, Location, Location, Location.

Right now there are currently 3 waterfront homes for sale, 1 pending sale, and 3 that have sold within the past couple of weeks. By the way, none of the homes that sold, went for asking price.  All three sold below asking.  The story here is that if you want to buy a home today, don’t be put off by the price because sellers are negotiating and if they really need to sell, will entertain a legitimate offer, so make one.

Waterfront living is wonderful. If you are a sailor, Foster City only allows non-gas motor boats on the water so you can either have a sailboat, electric boat, paddle boat, row boat, or kayak but no motor boats allowed.  Believe me, you’ll thank the City of Foster City for this law because it keeps noise abated from the community allowing the peace of the water to be enjoyed by all.

If you’re at all interested in any of these waterfront houses we would be delighted to show any of them to you.  We can be reached at 650-696-2820.

For Sale this week:

• $905,000 – on the market 8 days – 3 bedrooms and 2 1/2 baths – 2010 square feet and 32 years old
• $940,000 – on the market 42 days – 4 bedrooms and 2 1/2 baths – 2160 square feet and 43 years old
• $1,298,000 – on the market 91 days – 3 bedrooms and 2 baths – 1820 square feet and 35 years old.  Price reduced from $1,335,000.
• $1,980,000 – on the market 39 days – 5 bedrooms and 3 1/2 baths – 3691 square feet and 43 years old

Pending Show this week:

• $1,189,000 – on the market 22 days – 4 bedrooms and 3 baths – 2430 square feet and 28 years old

There were no sales this week.  There were no withdrawn listings, cancelled listings or expired listing.  A Pending Show means there are contingencies in the contract, likely for appraisal, and the property can still be shown to other prospective buyers.  The likelihood of the sale not completing, though, is slim and most agent’s do not show a property with this designation.