Folsom, CA

Folsom and Roseville/Rocklin continue to be one a bright spot in the real estate market. There is still a good selection of homes to choose from with 278 active listings of single family homes. Prices range from a $194,900 3 bed/2 bath home to a 5200 Sq Ft custom home in American River Canyon North for $2,500,000.

There are 46 short sales and 27 REO (bank owned) properties for sale. There are 150 homes in Folsom priced under $400,000 indicating affordable homes are plentiful.

There are 98 pending sales with average days on the market at 53. There are 171 sold listings in the last 3 months indicating great turnover activity. Average days on the market for sold listings are 58. Average list price to sale price is increasing to a fantastic 98.3% rate.

Here is this week's Folsom Homes Report, for sales activity in the Folsom real estate market as reported by Trulia.

In comparison to last week, the median sales price, and average price per square foot for Folsom homes, remained unchanged. There are 109 Folsom homes that are pending sales representing 25.59% of the available inventory. The time to sell Folsom homes is currently 76 days.

If you would like a free list of homes for sale in Folsom, would like more information about the City of Folsom or would like to be the first to know about hot new listings before other buyers do, then give me a call at:(916) 983-7653.

For free reports on buying and selling and Folsom California Real Estate visit http://www.HoffmanRealtyGroup.com

Jeff Hoffman
HoffmanRealty Group Inc.
(916) 983-7653
http://www.hoffmanrealtygroup.com
email:jeff@hoffmanrealtgroup.com

More good news for consumers, and the housing market recovery! Following the Senate's favorable vote yesterday, the U.S. House of Representatives just voted 403 to 12 to extend the home buyer tax credit, expanding the parameters to include existing homeowners and not just first-time buyers. President Obama to sign the legislation in short order.

As it now stands, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.

Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.

Nationwide, more than 1.4 million first-time home buyers were given the opportunity to become homeowners as a result of the Federal Tax Credit for First-time Home Buyers. That number is expected to increase dramatically in the months ahead with this new legislation in place.

Here is this week's Folsom Homes Report, for sales activity in the Folsom real estate market as reported by Trulia.

In comparison to last week, the median sales price, and average price per square foot for Folsom homes, remained unchanged. There are 115 Folsom homes that are pending sales representing 26.62% of the available inventory. The time to sell Folsom homes is currently 90 days.

If you would like a free list of homes for sale in Folsom, would like more information about the City of Folsom or would like to be the first to know about hot new listings before other buyers do, then give me a call at:(916) 983-7653.

For free reports on buying and selling and Folsom California Real Estate visit http://www.HoffmanRealtyGroup.com

Jeff Hoffman
HoffmanRealty Group Inc.
(916) 983-7653
http://www.hoffmanrealtygroup.com
email:jeff@hoffmanrealtgroup.com

Here is this week's Folsom Homes Report, for sales activity in the Folsom real estate market as reported by Trulia.

In comparison to last week, the median sales price decreased by $15,750 and average price per square foot for Folsom homes decreased by less then 1%. There are 108 Folsom homes that are pending sales representing 26.09% of the available inventory. The time to sell Folsom homes is currently 90 days.

If you would like a free list of homes for sale in Folsom, would like more information about the City of Folsom or would like to be the first to know about hot new listings before other buyers do, then give me a call at:(916) 983-7653.

For free reports on buying and selling and Folsom California Real Estate visit http://www.HoffmanRealtyGroup.com

Jeff Hoffman
HoffmanRealty Group Inc.
(916) 983-7653
http://www.hoffmanrealtygroup.com
email:jeff@hoffmanrealtgroup.com