How’s the Market in Foster City, CA – 2.4.11?

Here’s the market snapshot for Foster City, CA. Comparing to the other communities around here it’s doing okay with low inventory and prices holding upwards. This is a perfect example of all real estate is local, local, local and then hyper-local. The average price for a home in Foster City is $1,002,584. The average price for a condo or townhouse in Foster City is $544,528.

San Mateo County Foreclosures? Not Many. Not Yet.

I thought it would be interesting to look at what’s going on in the foreclosure arena for our corner of the world. It’s looking like the clock is ticking for a lot of families and they will soon have to come to a hard reality about their housing needs. We aren’t seeing a ton of bank owned properties in the MLS yet, but the data here is telling us there are a lot of houses schedule for auction, where they become bank owned, and a lot receiving notices of default where the mortgage hasn’t been paid for several months.

Market Comparisons 2010 v 2009: Burlingame, Hillsborough, San Mateo and Foster City CA

It’s a Buyer’s Market and there are a lot of great properties for sale. In fact, as the year winds to an end, each one of these houses is truly on sale. People listing homes this time of the year want to sell and are willing to negotiate. Negotiation is the key word today. What the asking price is, isn’t generally what the selling price is.

Market Report – Foster City CA – Condos/Townhouses – 7.22.10

Last week Foster City had 43 condos and townhouses for sale with an average list price of $575,946. These listings, had a median size of 2 bedrooms and 3.5 baths according to Altos Research our research company. Frankly I find that interesting since almost all condos have 2 baths and townhouses have 2.5 baths.

Attend a Webinar about First Time Home Ownership Tomorrow

Home Ownership Workshops (HOW) are a series of free web classes designed for First Time Home buyers to educate them on different aspects of the home buying process. The webinar will cover the following topics:

Foster City Condo Market Report: 03.15.10

What makes Foster City a great place to live is its location. Sitting right in the middle of the San Francisco Peninsula it is almost the same number of miles to drive north to San Francisco as it is to drive south to San Jose. The population in Foster City likes to play out doors. The city boasts more parks per square foot then any other city on the Peninsula. The Bayside Trail runs along the eastern shore of the city and always has bicyclists,

Where’s the Market Trending? Foster City, CA 02.15.10 Condos & Townhouses

As a planned community, there are many of these to choose from. Some of the townhouses are really attached single family homes, and some are really townhouse-style condos. As Realtors we know the difference and it’s our job to explain that to you if you’re looking for one. Since Foster City’s single family homes are significantly higher in value than the condos or townhouses you get more for your dollar considering them, if you want to move to Foster City for the schools.

Where’s the Market Trending? Foster City, CA 02.15.10 Single Family Homes

Foster City is a great family community with parks everywhere, a lake in the center of the town, the Park and Recreation buildings feature the only teen center in any of our communities around here.

Rates Will Be Moving Up This Year, Don’t Wait to Buy: Foster City, CA

Conforming Rates – 30 Yr Fixed

Ladies and Gentlemen, it’s been a good ride. Low interest rates have been here for a long time. Beginning with Greenspan’s Fed, and continuing through to today. But folks, they won’t stay for much longer. My crystal balls,

Year-end Look at Foster City CA Market

Over all Foster City is the healthiest market in our area. Prices are up and we’re seeing that there were 2 months where prices exceeded the list price. This is something we haven’t seen in several years. Foster City sits in a perfect location for commutes to bio-tech or hi-tech, east bay or the City.