It’s been a while since I’ve talked about the Marina Point/Sand Harbor area of Foster City. This area has two large condo complexes, Marina Point, San Harbor and Sand Harbor South with really spacious units that make great entry level home purchases. These developments have held value in comparison to other communities in nearby cities. They also haven’t been hit with the high number of foreclosures the way other communities have. Foster City is a planned community sitting at the apex of highway 92 and 101 so it’s an easy commute for anyone going north, south or across the bay. As is the case with Foster City’s focus on the water and with all kinds of housing getting water views, Sand Harbor South sits waterside and many of the condos there have lovely water views.
Let’s look at the activity in this area for the past 6 months. There are 6 properties for sale today, 6 that are pending close, and there were 7 sold between mid-August 2009 and today. The market has heated up and prices have come up, too. Last year we saw a few short sales and a few foreclosures which is why the prices were low, but not so today.
Another way to look at things is through these charts of the Median For Sale versus Median Sold between January 2009 and January 2010. Typical for year end, we saw nothing sold but the market has heated up today and prices have held pretty well, too.
The Wilkas Group has helped many people buy and sell in these two condo developments. If you’re interested in buying or need to sell here, give us a call or click the “Contact Us” button and we’ll be happy to answer any of your questions. These condos offer the largest bang for the buck in the San Mateo-Foster City area. We know this area very well and can give you the advise you need today.
