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,
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.
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.
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,
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.
The city is home to about 30,000 residents. This was the first planned community in the western United States. There are single family houses, townhouses, condominiums, and apartments running in various areas of the city and many sit along side the water.
There is a good supply of condos and townhouses to choose from and these offer a more affordable way to get to Foster City schools. Foster City has wonderful parks, the bayside path to walk or ride your bike allowing for outdoor living almost all year round, perfect weather and easy commutes to bio-tech companies in South San Francisco or down to Silicon Valley.
What matters is how the market is today and Foster City has moved upwards and is now a Warm Buyer’s Market and moving towards an equal market for buyers and sellers. This is GREAT NEWS! The Market Action Index places Foster City at 25. That line sitting at 30 is the divide between a Buyer’s Market and a Seller’s Market. We haven’t seen this in well over a year. What it means to the seller is the market is stabilizing.
Because of the large number of children expected to enroll in Kindergarten for 2009/10 school year at Foster City Elementary, the school will be impacted. Unless the Kindergartner has a sibling already enrolled in this school the new student will be entered into a lottery for class space there. They may or may not have room and if not, the child will attend kindergarten at either Audubon or Brewer Island Schools.
Saturday is the Fourth of July, the birthday of our country, and always a fun-filled day for families and friends. Foster City offers a day of fun beginning with a pancake breakfast and ending with a great fireworks display. The city has parking set up in several places, and it’s all free. If you are…Read More »