Folsom, CA Real Estate News

By Jeff Hoffman
(Hoffman Realty Group)
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, average price per square foot for Folsom homes slightly increased and the median sales price had a large increase from $340,000 to $365,406.  There are 100 Folsom homes that are pending sales representing 27.93% of the available inventory.  The time to sell Folsom homes is currently 75 days.
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By Aaron Cullen, Folsom, El Dorado Hills & Sacramento Real Estate &
(Brokers Inc. Residential Real estate)
Bank Owned Home Sales Activity Report for Folsom, CA - Week ending 5/03/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale:   18Number that sold last week (4/27-5/03/09):   6              Number that are currently pending:   24 Condos and Townhouses and Multi-Family Number currently for sale:   2Number that sold last week (4/27-5/03/09):   2Number that are currently pending:   5 UPDATED DAILY --- To see a current list of bank owned homes that are listed for sale in Folsom, California: Click Here .  Buying a bank owned home, also called REO's (real estate owned - by banks) and foreclosure property, can be an excellent way to get a great deal on your next home.
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One reality of our current market is that distressed listings comprise a large part of the homes available to be purchased.  Currently 35% of all homes for sale in Folsom are Short Sales.  That's a big percentage and a major contributing factor to the continued downward pressure we're experiencing on home valuation. Last month I sold a property that was listed as a ‘Short Sale' and my buyer client asked me, "When is the offer accepted and can the seller accept another offer once he has accepted mine?"  It's a good question and one that I'm often asked.  I thought the answer merited repeating. With Short Sales, there are two stages to when the offer is "accepted." Since the seller is still the legal owner of the property, they must be the first to accept the offer, that's stage one. Stag...
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By Jeff Hoffman
(Hoffman Realty Group)
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 from last week.  There are 99 Folsom homes that are pending sales representing 27.20% of the available inventory.  The time to sell Folsom homes is currently 75 days. Mortgage rates were down compared to the previous week. 30-year fixed rate mortgages decreased from 4.73% to 4.62%.  15-year fixed rate mortgages decreased from 4.46% to 4.45%. 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 c...
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By Aaron Cullen, Folsom, El Dorado Hills & Sacramento Real Estate &
(Brokers Inc. Residential Real estate)
Bank Owned Home Sales Activity Report for Folsom, CA - Week ending 4/26/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale:   17Number that sold last week (4/12-4/19/09):   3              Number that are currently pending:   29 Condos and Townhouses Number currently for sale:   2Number that sold last week (4/12-4/19/09):   0Number that are currently pending:   6 UPDATED DAILY --- To see a current list of bank owned homes that are listed for sale in Folsom, California: Click Here .  Buying a bank owned home, also called REO's (real estate owned - by banks) and foreclosure property, can be an excellent way to get a great deal on your next home.
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By Jeff Hoffman
(Hoffman Realty Group)
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 average price per square foot for Folsom homes remained unchanged and the median sales price dropped by $8,795.  There are 71 Folsom homes that are pending sales representing 26.82% of the available inventory.  The time to sell Folsom homes is currently 71 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 HoffmanHoffmanRealty Group In...
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By Aaron Cullen, Folsom, El Dorado Hills & Sacramento Real Estate &
(Brokers Inc. Residential Real estate)
Bank Owned Home Activity Report for Folsom, CA - Week ending 4/19/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale:   12Number that sold last week (4/5-4/12/09):   2              Number that are currently pending:   29 Condos and Townhouses Number currently for sale:   3Number that sold last week (4/5-4/12/09):   0Number that are currently pending:   6 UPDATED DAILY --- To see a current list of bank owned homes that are listed for sale in Folsom, California: Click Here .  Buying a bank owned home, also called REO's (real estate owned - by banks) and foreclosure property, can be an excellent way to get a great deal on your next home.
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By Aaron Cullen, Folsom, El Dorado Hills & Sacramento Real Estate &
(Brokers Inc. Residential Real estate)
Latest News and Topics of Interest:  The biggest news to develop in March was the long awaited arrival of lower interest rates.  For months I have referenced rumors and mortgage insider speculation regarding falling mortgage rates, and in March it finally came true.  March began with average 30 yr. fixed mortgage rates in the Western U.S. at 5.06% and by month's end they had dropped to 4.71% (both with about 1 point).  Since the keys to the housing recovery are low interest rates, fewer foreclosures and lower unemployment rates, and the last two are difficult to control, you can expect government intervention in the treasury markets to continue and mortgages to remain cheap for the foreseeable future. Housing bottom looming?: Time will tell, but one of the interesting stories I have bee...
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By Jeff Hoffman
(Hoffman Realty Group)
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 average price per square foot and median sales price for Folsom homes, remained unchanges from last week.  There are 90 Folsom homes that are pending sales representing 25.28% of the available inventory.  The time to sell Folsom homes is currently 85 days. Mortgage rates continued to fall.  30-year fixed rate mortgages decreased from 4.73% to 4.70%.  15-year fixed rate mortgages decreased from 4.49% to 4.46%. 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...
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By Beth Moran, Always ready to help you with real estate.
(Broker)
A couple of months ago I researched the short sales available in Folsom Ca and 64% of all homes available were in a short sale status. Today I ran the same search and the statistics showed a significant decline to approximately 29%. So what happened? I surmise it has a lot to do with the increase in affordability and the low interest rates, not to mention the $8000 tax incentive that will expire on Nov 30, 2009. Keep in mind that the money set aside for that tax incentive is limited...it's on a first come, first serve basis. I recently heard that close to 1/4th of that pool of money has been spoken for so if you're considering a purchase you better get moving!
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By Jeff Hoffman
(Hoffman Realty Group)
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 average price per square foot for Folsom homes rose slightly from $184 to $185.  The median sales price jumped up to $348,795.  That's a significant change from just $338,500 last week in Folsom.  There are 88 Folsom homes that are pending sales representing 25.07% of the available inventory.  The time to sell Folsom homes is currently 80 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 ...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
This is a continuation of my posts reporting on the REO sales for Folsom, CA.  This post covers March 2009. There were 9 REO homes sold in March, down from 11 in February.  That was only 18% of the total homes sold in Folsom for the month (50).  This may be a reflection of the moratorium on foreclosures mentioned by some of the larger banks last month.  The total number of available REO homes in Folsom has declined significantly.  There are only 9 presently available.  The average days-on-market increased to 47, compared to 34 last month.  Two of the REO homes that sold had been on the market for over one hundred days.  The average cost per square foot dropped to $ 185, down two dollars from February.  More significant is the drop in the cost per square foot for all properties sold in M...
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By Anna Boyd, CDPE, El Dorado Sacramento
(Re/Max Gold)
Folsom continues to be a bright spot in the real estate market. There is an excellent selection of homes to choose from with 261 active listings of single family homes. Prices range from a $160,000 1,000 Sq Ft home in Natoma Heights to a 5700 Sq Ft custom home in Hillcrest for $1,300,000.There are 33 homes in Folsom priced under $300,000 indicating affordable homes are still available.There are 89 pending sales with average days on the market at 51 which is an excellent statistic for a seller. There are 137 sold listings in the last 3 months indicating great turnover activity. Average days on the market for sold listings are 69. Average list price to sale price is holding steady at a fantastic 97.1% rate.  
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By Jeff Hoffman
(Hoffman Realty Group)
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 from last week.  There are 89 Folsom homes that are pending sales representing 25.28% of the available inventory.  The time to sell Folsom homes is currently 114 days. Fixed rates are at or near record lows. 30-year fixed rate mortgages decreased from 4.63% to 4.61%.  15-year fixed rate mortgages decreased from 4.48% to 4.45%. 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-...
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By Sally Dunbar, Fair Oaks Realtor - Fair Oaks Homes for Sale
(Lyon Real Estate, Fair Oaks CA (Sacramento Area))
Enjoy a photo journey through my most beautiful garden listing ever. Yes, there was a home, too, but Henry and Simone had spent a lifetime nurturing and culturing this glorious Japanese garden in Folsom, complete with a year round creek, Japanese tea house and and island. Sorry... it is already sold!
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
Those that know me pretty well; also know that I'm not given to fits of melancholy.  However, there are times when I will get really busy with work and activities, which demand my attention for a period of time.  When this sometimes happens I get frustrated that I can't get away from it all.I have a little secret.  I have one of those little Magellan GPS gadgets in my car.  When I have itchy feet and want to go somewhere, but can't possibly get away, I will put a destination address into the GPS gadget.  It's like my little mental get away bank.  Then when time permits, and I can escape my environment, I jump in the car, and push destinations, close my eyes, and poke the screen, press "driving instructions" and GO!Today I managed a short little destination, up the road about 7 miles fr...
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By Sally Dunbar, Fair Oaks Realtor - Fair Oaks Homes for Sale
(Lyon Real Estate, Fair Oaks CA (Sacramento Area))
As a result of 9/11, one of the main arteries connecting the two sides of Folsom, The Folsom Dam Road, has been closed since 2003. It's been a real drag for those needing to cross the river, as there were only two other bridges to accomodate the 18,000 cars that had crossed the dam daily.The dam road closing also clogged the streets of Historic Old Town Folsom with commuter traffic enroute to picturesque two-lane Rainbow Bridge. The poor old town shop keepers have been struggling, as shoppers and restaurant patrons have been reluctant to tackle the traffic and parking snafu.Now after 6 years of traffic nightmares, the new Folsom Lake Crossing bridge opens today! The planned capacity is 40,000 cars per day, with 4 lanes, plus bike and pedestrian lanes. Whoo... what a load off for the pe...
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By Jeff Hoffman
(Hoffman Realty Group)
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 average price per square foot for Folsom homes remained unchanged where the median sales price rose even higher to $338,500.  There are 91 Folsom homes that are pending sales representing 25.93% of the available inventory.  The time to sell Folsom homes is currently 116 days. For the second straight week, mortgage applications rose significantly in response to the government's efforts to stabilize housing and the economy. Mortgage rates continued to decline.  30-year fixed rate mortgages decreased from 4.89% to 4.63% and 15-year fixed rate mortgages decreased 4.52% to 4.48%. If you would like a free list of homes for sale in Folsom, would li...
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By Jeff Hoffman
(Hoffman Realty Group)
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 average price per square foot for Folsom homes remained unchanged where the median sales price rose to $335,952.  There are 90 Folsom homes that are pending sales representing 25.07% of the available inventory.  The average time to sell Folsom homes is currently 78 days. Economists say mortgage interest rates are likely to fall as a result of the Federal Reserve's plan announced Wednesday to buy up $300 billion in Treasuries and increase purchases of mortgage backed bonds.  This week the mortgage interest rates have once again stayed below 5%.  30-year fixed rate mortgages decreased from 4.96% to 4.89% and 15-year fixed rate mortgages decr...
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By Jeff Hoffman
(Hoffman Realty Group)
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 average price per square foot for Folsom homes remained unchanged where the median sales price rose slightly to $330,000.  There are 87 Folsom homes that are pending sales representing 25.07% of the available inventory.  The average time to sell Folsom homes is currently 120 days. Average mortgage rates dipped below 5 percent this week.  30-year fixed rate mortgages decreased from 5.15% to 4.96% and 15-year fixed rate mortgages decreased to from 4.73% to 4.54%. 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 oth...
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