Map of Foster City
Population 32,754 (2014 estimate)
Single Family Homes Statistics
|Number of Sales||100||103||99|
|Average Days on Market||23||16||15|
|Average Sales Price||$862,584||$1,602,539||$1,389,622|
|Median Sales Price||$850,000||$1,565,000||$1,358,000|
|Median Price Per Sqft||$605||$761||$677|
|% of List Price Received||108%||108%||109%|
|Number of Sales||152||162||176|
|Average Days on Market||16||14||18|
|Average Sales Price||$988,441||$921,902||$744,521|
|Median Sales Price||$991,500||$944,000||$747,500|
|Median Price Per Sqft||$686||$670||$548|
|% of List Price Received||106%||110%||106%|
Foster City History
Foster City is San Mateo County’s most expensive and oldest master-planned community built over 60 years ago when T. Jack Foster purchased Brewer Island. Foster City began as a vacant marshy region primarily used for dairy farming and a salt evaporation pond. In the mid-1960’s a San Francisco firefighter with a wife and two sons purchased their Foster City home for $23,500 for his five-bedroom house on Pilgrim Drive.
Early homebuyers had to deal with unsteady sand dunes and a rampant field mice population as the community developed, but in a decades time, Foster City became an incorporated city with a population of almost 10,000. Today, Foster City’s population is growing beyond 30,000.
Foster City is continuing to plan for the future as new mixed-use and pedestrian-friendly neighborhoods are scheduled for multiple undeveloped areas of the city. Upon completion, the projects at Pilgrim-Triton and Foster Square will add new residential units and 300,000 square feet of office space, retail, and restaurants to the community.
Despite the recent developments, Foster City leaders will continue to preserve the city’s reputation as “an island of blue lagoons.” In his early development of the area, Jack Foster included 20 square miles of canals and lakes in his plan. Foster City remains as a respite to the overcrowding of city living. Many detached homes possess serene backyards with a small dock and a patio overlooking the water. Condos and townhomes, many also with water views, have access to winding paths along the waterfronts.
Leo Ryan Park and the Foster City Recreation Center is located next to Central Lagoon, Foster City’s largest and most popular body of water. Foster City is the peninsula’s prime location for 4th of July fireworks which appear over the lagoon. Residents can count on bands playing in an open-air park every Friday night in the summer.
Foster City residents are accustomed to a plethora of public parks and 11 miles of the Bay Trail, a paved running and biking trail that runs along the bay and offers outdoor enthusiasts stunning views of the water and San Francisco. The city also possesses a skate park, a dog park, a yearly Arts and Wine Festival, and a Halloween Festival.
Foster City is a natural fit for families with many highly ranked public schools, as well as competitive and rigorous private school options.
Foster City remains as a sought after location for homebuyers looking for some peace from the bustling San Mateo peninsula. Homebuyers will be welcome to a selection of modern, spacious homes set on waterfront property and with access to sprawling parks. Residents can expect an active family friendly community that will continue to thrive in the future.