Here is this week's Folsom Homes Report, for sales activity in the Folsom real estate market as reported by Trulia.  In comparison to 2 weeks ago, the median sales, and average price per square foot for Folsom homes, remained unchanged.  There are 131 Folsom homes that are pending sales representing 26.25% of the available inventory.  The time to sell Folsom homes is currently 85 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 Inc.(916) 983-7653http://ww... 07/31/2009

  Remember to keep your gutters clear of debris and also that they drain away from the house. You may need to purchase some flexible black pipe from your local hardware store and attach it to the gutter down spouts so that water will drain away from the house. Do not allow water to pool around your house or in planter boxes near your house, this is a recipe for a water damage disaster, whether you have a raised foundation or a cement slab. Water is heavy, 8.33 pounds per gallon, a large pool of water around your house near your foundation may have several hundred gallons of water in it, maybe more, maybe less. 100 gallons of water = approximately 833 pounds. The weight of this water creates high hydro-static pressure and can force its way under the foundation into your crawlspace (under... 07/24/2009

What difference does a year make?  All would-be home buyers, waiting for the market to bottom, should consider the following:  While it's true that the best environment home buyers have ever seen may have been from January to late May of this year, outstanding opportunities still exist for those who act soon. If you are planning to buy a home, there are important dates on the calendar that you need to take note of so you can act accordingly. These dates represent money-saving opportunities for consumers.  We may never see rates this low again:  In response to the faltering economy in late 2008, the Federal Reserve announced they would start buying Mortgage Backed Securities (MBS). Immediately after this announcement, 30-yr. fixed rates plunged into the mid 4% range. What you need know i... 07/23/2009

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 128 Folsom homes that are pending sales representing 26.90% of the available inventory.  The time to sell Folsom homes is currently 79 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 Inc.(916) 983-7653http:... 07/17/2009

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 for Folsom homes, increased by less then 1% and the average price per square foot decreased by less then 1%.  There are 109 Folsom homes that are pending sales representing 26.59% 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 HoffmanHoffma... 07/13/2009

FOLSOM, CA REO (BANK OWNED) SALES DATA FOR JUNE 2009   This is a continuation of my monthly report on Bank Owned home sales data for Folsom, CA.  This report covers REO homes sold in June of 2009. There were fourteen REO homes sold in June, exactly the same number that were sold in May.  The average days-on-market dropped from 42 in May to 30 in June, so REO homes sold even more quickly.  Of the REO homes sold, 57.2% were on the market for less than two weeks, confirming the fact that well priced homes sell quickly. The fourteen homes sold represent only 24.6% of all homes sold in Folsom in June, down from 30.5% in April and 50.0% in March.  The cost per square foot in May decreased to $ 159, down from $ 175 in May.  However, the average cost per square foot of all homes sold in Folsom ... 07/10/2009

I have blogged quite a bit recently about the vast recreational aquatic treasure trove in Sacramento County.  As a city of rivers (The Sacramento and American Rivers), and Folsom Lake, Nimbus, and a variety of other waterways and ponds.  We are very fortunate to always have delightful places to visit and explore.  On a recent weekend, some of my family spent a pleasant day along the American River between Folsom Lake and Nimbus Dam called, Negro Bar.During the California Gold Rush in 1849, Negro Bar was only a small cluster of tents and shacks thrown up to shelter African Americans miners.  It wasn't the lively mining town often pictured on Hollywood film.  Today, the camp has met the fate of so many little area Gold Rush camps and towns.  It dwells completely under the water of Folsom ... 07/10/2009

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, increased by less then 1% and the median sales price decreased by less then 1%.  There are 299 Folsom homes that are pending sales representing 28.47% of the available inventory.  The time to sell Folsom homes is currently 81 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 HoffmanHoffmanR... 06/26/2009

 According to the National Mortgage News article of June 18, 2009 the tax credit granting new home buyers $10,000 will soon be gone. Apparently there is a cap of $100 million and the governor's office said "there is a bill to extend it or increase the money allocated."  The expiration date is March 2010 but it might not last until the end of 2009 at this rate. According to the sales rep at Elliott Homes this has accounted for the majority of sales in their Chelsea subdivision for March and April. Folsom doesn't have much left in the way of new home builder's since Elliott purchased the last of the remaining land in Empire Ranch. Originally Empire Ranch consisted of about a dozen different builders offering a variety of homes styles. What is left are a couple of condo developers and som... 06/19/2009

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, decreased by approximately 1.5%.  There are 166 Folsom homes that are pending sales representing 35.62% of the available inventory.  The time to sell Folsom homes is currently 85 days. Mortgage rates reach a 7 month high.  Interest climbed to 5.06% from 4.79% for 15-year fixed loan.  5-year adjustable rate mortgages climbed to 5.17% from 4.85%. 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... 06/12/2009

FOLSOM, CA REO (BANK OWNED) SALES DATA FOR MAY 2009 This is a continuation of my monthly report on Bank Owned home sales data for Folsom, CA.  This report covers REO homes sold in May of 2009. There were fourteen REO homes sold in May, down from the eighteen in April.  The average days-on-market dropped from 63 in April to 42 in May, so REO homes sold more quickly.  In May there was only one REO home that had been on the market for over 100 days.  There are usually many more.  Also, 28.6% of the REO homes sold in fourteen days or less, indicating that well priced homes sell quickly. The fourteen homes sold represent only 24.6% of all homes sold in Folsom in May, down from 30.5% in April and 50.0% in March.  The cost per square foot in May INCREASED to $ 172, up from $ 168 in April.  How... 06/09/2009

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 remained unchanged.  There are 113 Folsom homes that are pending sales representing 27.63% 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 HoffmanHoffmanRealty Group Inc.(916) 983-7653http://www.hoffmanrealty... 06/05/2009

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 remained unchanged.  The average price per square foot for Folsom homes had another slight drop of less then 1% from last week.  There are 123 Folsom homes that are pending sales representing 29.71% of the available inventory.  The time to sell Folsom homes is currently 97 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... 06/01/2009

Bank Owned Home Sales Activity Report for Folsom, CA - Week ending 5/24/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale:   13Number that sold last week (5/18-5/24/09):   1              Number that are currently pending:   29 Condos and Townhouses and Multi-Family Number currently for sale:   4Number that sold last week (5/18-5/24/09):   0Number that are currently pending:   3 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. 05/25/2009

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 had another slight drop of about 1% from last week.  There are 113 Folsom homes that are pending sales representing 30.29% of the available inventory.  The time to sell Folsom homes is currently 74 days. Mortgage rates continue to decline.  30-year fixed rates decreased to 4.69% and 15-year fixed rate decreased to 4.44%. 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 ... 05/22/2009

Bank Owned Home Sales Activity Report for Folsom, CA - Week ending 5/17/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale:   16Number that sold last week (5/11-5/17/09):   5              Number that are currently pending:   33 Condos and Townhouses and Multi-Family Number currently for sale:   4Number that sold last week (5/11-5/17/09):   1Number that are currently pending:   4 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. 05/22/2009

A client recently asked me, what is a "Short-Sale?"  A short-sale is a home for sale that is worth less than what is owed to the bank(s) on the loan(s). The home seller and the agent set the asking price "below market" to attract a buyer and get the home under contract quickly. They usually don't care what the home sells for because the seller is not getting any money from it, they are just trying to avoid foreclosure. Once an offer comes in, it is submitted to the bank(s) for review.  Typically, there is a 1st, 2nd and sometimes a 3rd loan on the home.  Since the home is usually worth less than the 1st, the 1st lender approves the sale, the 2nd and 3rd lenders aren't entitled to any money, so they say "no," and then they all argue about it for months on end until the 1st lender gets fr... 05/22/2009

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 slightly decreased by approximately 1%.  There are 110 Folsom homes that are pending sales representing 30.14% 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 Estate visit http://www.HoffmanRealtyGroup.com Jeff HoffmanHoffmanRealty Group Inc.... 05/15/2009

Folsom, CA REO (Bank Owned) Sales Data for April 2009.   For more than eighteen months I have been reporting REO sales data for Folsom and El Dorado Hills, CA.  In 2009 I separated the two markets because they were becoming less similar with each passing month.   In April of 2009, there were eighteen REO properties sold in Folsom, exactly twice the number that sold in March.  The average days-on-market statistic increased to 63, up from 47 in March.  There were two properties that finally sold in April that had been on the market for 233 days and 254 days respectively.  These two properties skewed the days-on-market statistic.  However, 27.8% of the REO homes sold in fourteen days or less, proving that well priced properties sell quickly in any market.   The eighteen REO homes sold repr... 05/13/2009

Folsom continues to be a bright spot in the real estate market. There is an excellent selection of homes to choose from with 254 active listings of single family homes. Prices range from a $229,900 2bed/2bath home in Bentley Square to a 5700 Sq Ft custom home in Hillcrest for $1,300,000. There are 35 homes in Folsom priced under $300,000 indicating affordable homes are still available. There are 109 pending sales with average days on the market at 53 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 97.2% rate. 05/11/2009