Foster City, CA Real Estate News

By Roger Hunt-Jumbo Loans
(Private Mortgage Advisors/an affiliate Wells Fargo Bank N.A.)
Open Home Guide -Foster City CA - 1/24/2010   Foster City $1,189,500 386 MENHADEN CT Sun 2:00-4:00*REDUCED* Dignified 5/3 on a cul-de-sac. Gorgeous yard; great schools! EXCEPTIONAL VALUE! Norma de la Fuente APR 415.213.3620   Foster City $589,000 814 BALBOA LN Sun 1:30-4:30 REDUCED 2/2 w/water views W/D,Gar Michele Munda APR 650.375.1111
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By Roger Hunt-Jumbo Loans
(Private Mortgage Advisors/an affiliate Wells Fargo Bank N.A.)
Foster City $1,189,500 386 MENHADEN CT Sun 2:00-4:00 *REDUCED*  Dignified 5bd/3ba home on a premier cul-de-sac. Beautiful yard; great schools! GREAT VALUE! Sheryl Fleming APR 415.999.9943   Foster City $859,000 50 Williams Lane Sun 1:30-4:303bd/2.5ba Large Park-Like Backyard! Joe Benvenuto APR 650.375.1111
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By Jane Peterson
(Alliluja)
Light bright & Spacious one story single family home on Waterfront. Xtra large Master w/lots of closet space. Bedrooms are large size. Dual Pane windows and upgraded doors. Step down Living Room w/frplc. Separate Dining Room facing water, and Kitchen has built-in double sided kitchen nook to Family room w/additional Frplc. Two car auto attached garage with additional carport parking for two. Separate Laundry Room.  This is a conservatoship (no death on property) Seller moved.  To directly access this property, use this shortcut: http://www.fizber.com/california-buy-single-family-home-11648553.html
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By HR Dadgar
(American Dream Realty)
Foster City Home Commission Rebate $12990 Overview Maps Photos Description Market Stats IDX Search $1,299,000 Single Family Home For Sale Main Features 3 Bedrooms2 Bathrooms1 Partial BathroomInterior: 2390 sqftLot: 5,390 sqft Location 222 Billingsgate LnFoster City, CA 94404 HR Dadgar American Dream Realty (510) 395-1267 hr@adrealty.us http://www.fremontagents.com Our recent listings Foster City Home Commission Rebate $12990Menlo Park Home Commission Rebate $19500Hillsborough Home Commission Rebate $54950Atherton Home Commission Rebate $65950Gilroy Home Commission Rebate $28000 Subscribe to our listing feed See more Foster City, CA real estate for sale
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By Jim Minkey
(ReMax Today)
Does this wonderful and descriptive picture look familiar to anyone? I'll bet plenty of you have seen it alot! This is what happens when a real estate agent neglects to take any photos of his or her listing...the MLS puts this charming image there. Right now in Foster City there are 5 active listings with this picture on them, or in other words, no pictures at all. In San Mateo there are 15 single family homes alone that have no photo. One of them also has no public comments at all either. I've seen other listings currently in the MLS that have verbage like "no showing until first tour" or "disclosures coming soon" on listings that have been on the market for 60 days or more. (Here comes a rant!) This is...oh, how shall I put it? Unconsionable? The MLS is without question the number 1 ...
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By Jim Minkey
(ReMax Today)
You've probably heard this saga from Greek mythology before. Sisyphus was a King who was punished by the Gods by being made to roll a large boulder up a hill, only to watch it roll down again and having to repeat this throughout eternity. At the end of every year it always seems to me that I get about 48 hours of rest and reflection...and then I'm off to conquer the new year! Each year it always seems to be a little intimidating as well since it seems that there is so far to go and the boulder appears larger than it did before! For some reason that I can't quite put my finger on, 2009 seems like an exciting new challenge to me. Mostly because I simply have no idea what this year will bring! I refuse to make predictions. I certainly would have never predicted the last few months so tryi...
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By Jim Minkey
(ReMax Today)
One of my friends alerted me to this house that came up in my community and I think it's worth mentioning. It's also worth mentioning that I truly don't know all of the facts surrounding this sale but what I do know is pretty darn interesting...and certainly unusual for Foster City. My friend found a listing for this place on Zip Realty's site announcing that this house was for sale for $619,900. Comparable homes sell in the mid 900's. It's a 4 bedroom, 2 bath Eichler that's currently a bank owned foreclosure, and due to the fact that it's been extensively vandalized, offers on it must be in cash only. I need to be clear about this. I have no idea who vandalized this house, but I do know that in several instances in other areas foreclosures have often been stripped clean before the ban...
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By Jim Minkey
(ReMax Today)
I'll bet you thought it was extinct! No, not the winged frog above...I'm talking about the multiple offer driven home that closes escrow over the asking price. Believe it or not there are still a few of those around this area. One of them actually closed $125,000 over asking recently! All together there have been 40 single family homes in the 5 communities in our area close over asking since September 15...the day Lehman went belly up and the stock market started it's downward slide. To be fair, there's been 205 total closed escrows in those towns at the same time...and plenty of them closed well under asking! Still, 40 closings over asking is almost 20% of the total...that seems surprising to me. The year end numbers are going to be somewhat painful as we examine where values are goin...
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By Jim Minkey
(ReMax Today)
OK, it's time again for a small rant. I signed up for a web based leads system whereby potential buyers and sellers request services from local Realtors. The vast majority of these leads aren't worth the time to respond to. Prospective buyers wanting 5 bedroom houses in Hillsborough for under $100,000, that kind of thing. Well, one lead came up from a seller looking for a listing agent the other day that I thought would be worth commenting on here simply because it goes to the heart of the thinking of plenty of sellers who really don't understand the unintended consequences that are headed their way via this thought process. Here's the post: "Need agent who is an excellent negotiator and has sold homes in my area. Agent needs to come in with a very competitive commission quote, as this...
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By Jim Minkey
(ReMax Today)
For several years it's been a common event in this area for a seller to initiate home inspections (pest inspections too) prior to listing their place on the market. The rationale for that is to avoid any surprises in an escrow, via a buyers home inspection, that could place a seller at a negotiating disadvantage. It's was also a great way to minimize or even eliminate contingencies in hot markets where there were multiple offers. Having inspections done up front by the seller is still a good idea in my mind, not only for the reasons mentioned above, but for the simple fact that often inspections bring up areas that a seller can easily correct with minimal expense prior to marketing their home. I found a little check list from a home inspection company that I thought could be helpful if...
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By Jim Minkey
(ReMax Today)
I sure have been hearing alot of comments, both on my blog and elsewhere that expresses the position that our "bubble" here on the Mid Peninsula has burst. Actually there's been some degree of gloating by some folks who have been predicting it for awhile now. My opinion? It's too early to tell. "But the DOW's under 9000 and falling fast", you say. That's not my local market. Amazingly, 13 properties have sold here since September 15. We won't know if the real estate market has fallen significantly until those places, as well as those sales yet to come in the 4th quarter of this year, close escrow. This area has been very much immune from subprime loans and we have not had to deal with many foreclosures. The fact that these places sold in the midst of this crisis can't be understated, i...
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By Lenore Wilkas, Lenore Wilkas
(Coldwell Banker - Vista Village )
Get ready! Friday night should be clear and cool, as usual, perfect weather for the annual 4th of July fireworks. Foster City celebrates the 4th of July in Big Style.  Start your morning off with the annunal Lion's Club pancake breakfast, enter your kids in their own parade and plan on spending the day around Leo Ryan Park enjoying the holiday. Play games on the grassy meadow, picnic while listening to the musical entertainment that will take place during the afternoon and have a safe and sane 4th.  The Foster City Lion's Club will be selling food all day long.  It's a major fundraiser for them, so help them out and buy breakfast or lunch at the park.  Bring your dog down to the park and enter him or her into the dog show and while there, have them considered for the Milk-Bone 100th An...
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By Jim Minkey
(ReMax Today)
In the "never a dull moment" world of lending it sure seems like the programs offered, along with the criteria expected, changes every week. In fact, the criteria has gotten signifcantly tighter. Maybe the most significant area among these changes are the minimum down payments lenders are now requiring before they'll give you a loan. For many lenders those minimums are now 15% and some are even 20%.  Long gone are the zero down, stated income, days of the past! 5% down deals were not uncommon last year and I had several sales this year where the buyers had 10% down but those options have shrunk considerably as 2008 has progressed. You can still buy with less down, several lenders offer FHA backed loans that will allow 3% down, until the end of this year, but there's alot of hoops to jum...
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By Lenore Wilkas, Lenore Wilkas
(Coldwell Banker - Vista Village )
I haven't done a Market Update for Foster City in a while. Foster City is a planned community, in fact it was the first one done in California. What that means is there are areas with Apartments, Condos, Townhouses and Single Family homes sprinkled around the city. Each group of housing finds some properties on the waterfront, next to parks or within a more neighborhood setting giving loads of choices for prospective residents. Altos Research breaks down their research two ways for me. One report features single family homes, and the other condos and townhouses. The price spread for the condos is very wide with one complex averaging over $1 million per unit. Homes on the watermore 
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the November MLS statistics for Single Family Homes in Foster City, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the November MLS statistics for Condominiums & Townhomes in Foster City, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By Lenore Wilkas, Lenore Wilkas
(Coldwell Banker - Vista Village )
The last parcel of land left in Foster City is going to be developed with mixed use housing and possible retail.  There is still a 2 acre parcel that will either house a charter high school or possibly a performing arts center.  If you live in Foster City, which would you like to see built?Foster City is the only city outside of Hillsborough in the San Mateo Union High School District without a high school.  The 16 acres of land between Shell Blvd. and Foster City Blvd. that is to be developed is exactly where a high school was originally to be built by the San Mateo Union High School District in the 1970's but it never happened due to declining enrollment, no funds, lack of interest, you pick.  The high school kids from Foster City are given the choice of which high school they want to...
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By Lenore Wilkas, Lenore Wilkas
(Coldwell Banker - Vista Village )
It's trite. Everyone says the same thing, that we have much to be thankful for today, yet it is true.  We are so lucky to live in San Mateo County where we have generally been spared from the huge real estate losses that other parts of California, Arizona, Michigan, and Florida are experiencing.  We live in a county with only so many homes, and not much land left to build new ones on.  We pay a price for that for sure, but in doing so, we are fortunate to see our house values hold pretty steady.  Alex and I live in Foster City, which is one of the few cities, along with Belmont,  here in San Mateo County to not see a big dip into the Buyer's Market according to Altos Research.  Sure, it's dipped, but in comparison to most of the other cities we service, it's a healthier market.  We are ...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the October MLS statistics for Condominiums & Townhomes in Foster City, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the October MLS statistics for Single Family Homes in Foster City, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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