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

Foster CityHere’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.  It’s important to remember that Foster City is a planned community with apartments, condos, townhouses and houses all over the city and each offers a different price point.  Foster City also has 8714 homes making it the second largest in our immediate area.

FC markets

Here’s the snapshot of what went on in Foster City in January.  There were 20 homes for sale and 42 condos or townhouses for sale.  There were 9  homes under contract and showing pending sale, and 17 condos or townhouses showing pending sale.  Only 1 home closed escrow in January and no condos or townhouse closed escrow.  Again, this isn’t unusual for January since those sales had to happen either late November or during December, the quietest period of real estate we have.

Here’s what’s for sale in Foster City now.  First will be homes then will be condos and townhouses.  If you see something online you’d like to see in person give us a call at 650-696-2820 for a showing.

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