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.

Foster City Single Family Home Market Report

Last week the Median Price for a home for sale in Foster City was $1,190,000.  The Average Price was $1,213,067.  There were 25 homes for sale last week and only 3 were “absorbed” – meaning they were either sold, expired, withdrawn or canceled.  The best buy, and the least [...]

The City of San Mateo

The City of San Mateo had 140 houses for sale last week with a Median price of $677,000.  The Average price of those houses for sale was $820,827, with the least expensive house listed at $399,000 – something we haven’t seen for years.  The most expensive house was listed at $1,998,000.  [...]

Burlingame Market Report

Last week there were 41 homes for sale in Burlingame with the median price being $1,399,000.  Since the median price is always lower than the average, the average price was $1,568,217 and to get this we had to average from the lowest listing at $695,000 to the highest listing at $4,995,000.  Quite a [...]

The days of watching a house sell in a nanosecond are way, way, gone.
Today even a house in first rate condition can take a while to
sell.  It means we are in a Normal real estate market.  It
allows prospective buyers the luxury to look at a prospective house
many times and at many different time of the [...]