Pat's Column - August Folsom Lake Entertainer

Real Estate

Pat's Column focusing on Folsom Real Estate in the August issue of Folsom Lake Entertainer Magazine.  Here's the copy.  It's hard to believe that it's already August and already time for kids to go back to school.  Great picture!  I took this picture as the sun set at Folsom Lake College ("Shot on iPhone").

 

August is Back-To-School in Folsom while Real Estate keeps on moving.

 August is Back-To-School month in Folsom.  When I was a kid, Back-To-School was always the day after Labor Day in September and the last day of school was always in early June.  Now, kids get out of school around Memorial Day, go back to school in early August and get extra days off around Thanksgiving and springtime.  I like this schedule so much better.  It allowed us to take summer vacations before a lot of kids got out school.  With extra time off during Thanksgiving & in the spring, when families travel and take extra time off, kids don’t miss instruction. That long spring week is also a nice break during those long winter months of no breaks.  That’s a great time to head off to Tahoe or get the rust off of the hiking gear.

 August 20 is the start at Folsom Lake College, where my oldest daughter is starting her college career.  It is a fantastic school that provides a great opportunity for young adults and a welcome relief for parents.  My daughter did very well in high school and was accepted at many four-year universities.  California is special in that it offers a three-tiered system of state-financed universities and colleges; California Community College (including Folsom Lake College), California State University (including local Sacramento State) and University of California (including nearby UC Davis).  She is unsure of what will be her major so she will be attending Folsom Lake College to further explore areas of interest, complete her lower division requirements and save lots of money for her happy dad.  Folsom Lake College offers an amazing breadth of courses throughout the multiple campuses, has instructors and counselors that are committed to their craft and the success of their students and offers a gateway to other four-year colleges including many within the University of California system.  It’s a wonderful extension for those students graduating from Folsom High, Folsom Lake High and Vista de Lago High that want to take advantage of what our community has to offer.

 So how does translate to real estate?  Folsom Lake College is one of the valuable assets of this community.  It allows its students to live, learn, work, shop and play in this community. It attracts students and employees to stay or to come from other regions to be here.  Add the Harris Theater and it really brings culture and growth to our area.

 Real estate in Folsom is active all year.  Over the last three years, there are approximately 110 homes sold in August and has been one of the top selling months of the year.  With an average of 221 homes on the Folsom market in August, it is also one of the top months when homeowners list their home.

 Leading into August (through June 2016), the average price in Folsom had increased to $497,653, while the average time it takes to sell a home (Days On Market) has decreased to 27 days.  The average price per square foot has also risen to $236 year-to-date and an average home sells for 99.4% of the list price. 

 I talk with sellers and buyers about these topics and more all the time. With interest rates remaining low and buying power high, it may be a wonderful time to sell your home or buy a home. With proper planning and a good Realtor (Luckily, I know a really good one….), you can smoothly get to your next stage in life.  For more tips on how to successfully navigate the real estate purchase or sale, or suggestions on Folsom topics, please contact me at Coldwell Banker, 916.812.4341, pquan@cbnorcal.com, www.PatQuan.com.

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All real estate data from Metrolist Services, reported on 7/10/16.

College information Source: https://www.calcareercenter.org/Home/Content?contentID=278

Pat Quan Real Estate sells homes in El Dorado Hills, Folsom and surrounding areas.