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Folsom, CA

Folsom Homes for Sale

02-06-10
Bill Joyce
Bill Joyce: Real Estate Agent in Sacramento, CA

Folsom Homes for Sale

Folsom homes $80-200K

Folsom homes $200,000-250,000

Folsom homes $250,000-$300,000

Folsom homes $300,000-$350,000

Folsom homes $350,000-$400,000

Folsom homes $400,000-$500,000

Folsom homes $500,000-$700,000

Folsom homes $700,000+

Folsom, CA 95630

Folsom Bedrooms Baths Sq. feet

Folsom New Homes

Folsom Condos

www.Sacramento-Home-Search.com

www.BetterHomeLessMoney.com

Folsom CA is a Seller's Market!

Sheryl A. Smith, CCIM: Commercial Real Estate Agent in Folsom, CA

You may be hearing that it's a buyer's market. Since real estate is a local business, to know the market, you must dig deeper than national or even regional statistics. Folsom, CA is a highly desirable, family oriented community which is located in the Greater Sacramento Region.

In Folsom in December 2009, there were 64 single family homes sold at 94% of the list price. The average days on market for the same month was 76 and the average price per square foot was $169. There was only 2.4 months of inventory. Because inventory defines the "market", when the inventory is less than 5 months, it is considered a seller's market.

Now, let's look at the condo statistics for properties built since 1995 in Folsom. There were 13 sold at 97% of the list price. The average days on market was 136 days and the average price per square foot was $146. There was only .7 months of inventory in December 2009. Clearly, the seller's market for Folsom condos is even stronger than for single family homes.

Consider the Rivage community in Folsom. This is a condo community in Empire Ranch, a golf oriented community in Folsom. 1502 Rivage Circle is listed for $245,900 and boasts 3 BR and 3 BA plus a bonus room. That is just $140.76 psf.

This means you can live in this highly desirable area, near the Empire Ranch Golf Course and realize the value at less than $141 psf. Yes, even in this seller's market, values can be found when you work with Folsom market experts.

Folsom Homes Real Estate Newsletter - January 2010

Aaron Cullen: Folsom, El Dorado Hills & Sacramento Real Estate & Short Sales: Real Estate Agent in Folsom, CA

Happy New Year! Turning the page on 2009 marks my 5th year as a Folsom resident and my 18th year as a real estate brokerage owner. 2010 will hold many opportunities for home buyers and sellers in the local real estate market. Housing affordability continues to rise and the chance for the growing family to upsize in to a roomier home has never been better. I wish you all a happy and prosperous 2010!

Recent Folsom Housing Stastics: We closed out December of 2009 with a total of 69 home sales in Folsom, CA. Of the sales, 19 were foreclosure / bank owned, 15 were short sales and 35 were non-distressed home sales. The average dollars per square foot was $176, the aveage home sales price was $387k, the number of available homes stood at 220 and there was a three month supply of inventory on the Multiple Listing Service.

The year in review:

Sacramento Area housing prices drop less than 1% in 2009

The year ahead:

Welcome to 2010 - "The Year of the Short Sale"

Short sales are on the rise

Completing a short sale is getting easier

Who should consider a short sale?

Are short sales too good to be true? What's the catch?

Should home buyers attempt to purchase a short sale?

Short sale tips for sellers and buyers

Mortgage watch:

Its official... FHA loan costs are on the rise

January 2010 Mortgage Rate Watch - Western Region

Home buyer tax credit:

$8,000 Home Buyer Tax Credit Extended & Expanded

Home Sellers:

Pay a commission as low as 1% of the sales price

Home Buyers:

Brokers Inc. will give you up to $2,500 when you buy a home

Brokers Incorporated Residential Real Estate Folsom

Aaron Cullen is a Realtor, Real Estate Broker, and Owner of Brokers Incorporated Residential Real Estate. Aaron lives in Folsom, CA and specializes in representing home buyers and sellers in Folsom, El Dorado Hills and the Greater Sacramento Region. Having relocated from the Bay Area in 2004, Aaron continues to work with home buyers in all cities lying between the Bay Area and Sacramento Area.

Here is a Prairie Oaks Short Sale in Folsom

Elizabeth Weintraub, Sacramento Short Sale Agent, 916.233.6759, Lyon RE: Real Estate Agent in Sacramento, CA

664 Cole Court Folsom CA 95630As I was driving to Folsom yesterday to meet with yet another charming couple who need to do a short sale, a potential short sale seller from Elk Grove called me. She was interviewing Sacramento short sale agents and had already spoken to an different agent at another company. In her words, this company was "very aggressive." She asked how I separate myself from the competition.

Well, to start with, my clients are not just a number on a file. Some short sale agents put together a huge team and hire a bunch of assistants to negotiate and take listings for them. They want to do volume. The attention paid to these sellers is often minimal.

If a short sale has a problem or challenge, they might not handle it in a timely manner. Some of them toss listings into MLS like worn shoes into the trash. I've dealt with some of these so-called loan modification and short sale companies, a few of which are located in southern California but maintain a northern California presence.

Of course, I manage a big inventory of Sacramento short sales. But my clients are treated as though each is my only client. In many cases, I can accurately predict the red flags that could pop up during a short sale and direct my clients to the appropriate services to mediate those problems.

Here is a Folsom short sale, located in Prairie Oaks. I shot the virtual tour and assembled it myself. This two-story, 1996 Ryland Home, has been recently remodeled. According to the tax assessor, the square footage is 2,434. It features 3 bedrooms, 3 baths, a loft, a first-floor den and an open floor plan / great room concept, plus a 3-car garage.

As you walk up the hill toward the home situated at the end of a culdesac, turn around, and you'll capture a fabulous view of the foothills. At the entry, you're greeted by a bubbling water feature. Walk inside, and your jaw will drop open. I could not believe that the wide-planked floors were not wood; it's that beautiful.

The wall separating the living room from the family / kitchen combination has been opened up to allow light to shine through from the multitude of family room windows. Off the hallway is a large den and a recently updated bath. The bath features custom tile work, a tile floor and a vanity with a Decolav vessel sink.

In the kitchen, you'll find a center island with a granite counter, a synthetic granite sink and fairly new stainless appliances. The refrigerator stays, and is the width of the cabinets so it doesn't stick out in the room. Most of this space offers a sweeping view of the fairytale back yard with a spa and a trex deck.

The bedrooms are located upstairs, with 2 bedrooms separated by a loft from the master suite. You could use the loft space as an extra office, playroom or work-out area. The master suite has a ceiling fan and vaults. But the master bath is spectacular. Travertine floor, jetted tub and separate shower, plus dual sinks and custom tile work, including a big walk-in closet.

664 Cole Court, Folsom, CA 95630 is offered exclusively by Lyon Real Estate as a short sale at $403,750.

MLS # 10006634

Call listing agent Elizabeth Weintraub at 916.233.6759 for more information.

Photos and virtual tour: Elizabeth Weintraub (yard photo courtesy of J. Winnett)

664 Cole Court Folsom CA 95630664 Cole Court Folsom CA 95630664 Cole Court Folsom CA 95630

664 Cole Court Folsom CA 95630664 Cole Court Folsom CA 95630664 Cole Court Folsom CA 95630

Sacramento Area housing prices drop less than 1% in 2009

Aaron Cullen: Folsom, El Dorado Hills & Sacramento Real Estate & Short Sales: Real Estate Agent in Folsom, CA

Published by the Sacramento Bee on 1/21/10

Sacramento area homeowners closed 40,534 escrows during 2009, falling just shy of the region's 2008 total, researcher MDA DataQuick reported Thursday.

In 2008 the region saw 41,030 closed escrows. Analysts say sales fell slightly in 2009 as cheap bank repos became a smaller part of the sales mix.

The year 2009 also ended with sales prices having fallen less than 1 percent in Sacramento County. The number represents a dramatic ending to the traumatic free falls that frightened area homeowners throughout 2007 and 2008.

Prices for new and existing homes combined fell just 0.6 percent in the county in 2009, DataQuick reported. That compared to a 36.8 percent plunge in 2008 and a 20 percent drop in 2007.

For the second straight month, DataQuick reported that median sales prices for existing homes in Sacramento County - the largest sector of the area real estate market - finished higher than the same time a year earlier. December sales prices were 2.4 percent higher than December 2008.

Altogether, 3,450 new and existing homes changed hands in December in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties. That compared to 3,183 sales in November. December sales normally rise from November, DataQuick said.

New home sales accounted for 9 percent of total sales in the eight-county region. That's a steep decline from their 25 percent market share during the housing boom that spanned 2002 to 2006.

The sales and pricing numbers paint a definitive picture of a 2009 market prodded by government stimulus and an abundance of bank repos in its earliest months. Spring brought an $8,000 first-time homebuyer federal tax credit and several months of a similar $10,000 state tax credit for buyers of new unoccupied homes.

Analysts believe the new year may proceed with less artificial stimulus. The federal tax credit expires at the end of April. And Wednesday, the Federal Home Administration, which insures many first-time buyer loans, announced it will charge higher fees and require higher downpayments from buyers with credit scores below 580. At least 40 percent of Sacramento-area loans the past year have been FHA loans.

Brokers Incorporated Residential Real Estate Folsom