Mechelle Gooch - Realtor - Moving Folsom Buyers and Sellers

The Folsom real estate market is almost like two markets. It is divided by the foreclosed properties and the non-foreclosed properties. The activity for them are different.

While it does not look like it from the graph above, Folsom does have its share of distressed properties. Of the single family homes on the market today(263), 40% of them (104) are either foreclosed homes or short sales. And when I look at the stats, there are 105 vacant homes for sale here in Folsom.

Traditionally we see more homes go on the market in the spring. I am not sure we will see a large upturn, any traditional seller who puts their home on the market this year, will have to be as competitively priced as the distressed homes. Needless to say this will be a buyer's market this summer

If you have a lot of old jewelry sitting around that you don't use, you might want to check this event out.

The gift shop "Lil' Treasured Gifts" located at 1179 Riley Street(across from the aquatic center) in Folsom California will be having a "cash for gold" event on February 22, from 1-4pm. For more information call 916 983-4115.

Ok, so its not officially called "The Dam Bridge", but that will end up being its nickname. Officially the Folsom Lake Crossing is due to open March 28, 2009. That day is supposed to be its Grand Opening, with a fun filled community festival says the City of Folsom.

For those of you not living in Folsom, this new bridge will add a third way across the American River here in Folsom. Our Folsom Dam Road was closed shortly after 9/11 due to concerns about security for the dam. Since the closing Folsom has had some serious traffic jams in and around our "old Folsom area". The Folsom Lake Crossing bridge will bring much needed relief to our old Folsom downtown and will shorten commutes to the Roseville, Granite Bay and Auburn areas.

I will keep an eye out when the activities for the Grand Opening are announced and will be sure to let you know about them.