Foster City
Located in San Mateo County, California, is a master-planned community situated on the San Francisco Bay. Known for its extensive network of man-made lagoons and waterways, the city offers a unique waterfront lifestyle. With a population of approximately 33,000 residents, Foster City is recognized for its high quality of life, excellent schools, and abundant recreational opportunities.
Recent Market Trends
As of November 2024, the median sale price for homes in Foster City was $1.4 million, reflecting a 20.7% decrease compared to the previous year. Homes typically receive multiple offers and sell in around 19 days, indicating a very competitive market.
Real Estate
Foster City's real estate market features a mix of single-family homes, townhouses, and condominiums. The average home value is approximately $1,848,216, marking a 3.2% increase over the past year. The median price per square foot is around $866.
Key Features & Attractions
Foster City Lagoon: A central feature of the city, offering opportunities for boating, kayaking, and paddleboarding.
Leo J. Ryan Memorial Park: A popular park featuring picnic areas, a boardwalk, and hosting community events.
Hillbarn Theatre: A community theater offering a range of performances and acting classes.
Lifestyle Highlights
Residents of Foster City enjoy a suburban lifestyle with a strong emphasis on outdoor activities, thanks to the city's numerous parks, lagoons, and walking trails. The community is family-friendly, with highly-rated schools and a variety of recreational programs. Its proximity to Silicon Valley makes it a convenient location for professionals working in the tech industry.
Transportation
Foster City is well-connected through major highways, including Highway 101 and Highway 92, providing easy access to San Francisco and the East Bay. Public transportation options include SamTrans bus services, and nearby Caltrain stations offer commuter rail services. The city also promotes efficient transportation initiatives to reduce carbon emissions.
Foster City's waterfront lifestyle, excellent amenities, and strategic location make it an attractive option for both home buyers and investors.
For a visual overview of Foster City's blend of urban life and natural beauty, you might find the following video informative:
