Pat's Column - Folsom Lake Entertainer - July 2016

Real Estate

Folsom Real Estate is like Fireworks on 4th of July

Hi Everyone, check out my column!

Read my column in the upcoming Folsom Lake Entertainer magazine for July 2106.  It should be out next week. I really enjoy writing this column. I try to make it about community but still provide valuable information about real estate in Folsom and surrounding areas like El Dorado Hills. I love Folsom.

I wrote about the Rodeo because it is such a staple of the Folsom area for the 4th of July.  If you’ve never been, go check it out.  If you go often, I guess you’ll be there again.  Don’t miss the fun food.

There are so many things to do and so much going on in the community that there’s always something to write about.  I always appreciate reader feedback.  Provide insight, ideas and comments about what your favorite thing is about Folsom and the surrounding area.

I love where I live.  This is my family’s 21st summer in the area.

Here's the column:

 

Folsom Real Estate is like July Fireworks 

July is summer, BBQ and of course, America’s Independence Day celebrated with Fireworks.  In Folsom, July 4th weekend is also Rodeo weekend and fireworks are featured every night.  Stay late. The fireworks are fantastic.  I love everything about fireworks.  The variety of different bursts of color, the oohs and aahs, the choreographed music, the weather and the meaning of the 4th of July all add to the experience.  It’s so fun watching the different configurations and feeling the Boom!

The rodeo has been part of Folsom for 56 years.  It’s always crowded, it’s always exciting and you always see something that you didn’t expect.  Get there early and grab some fun food.  Bring the family and enjoy one of the traditions of this wonderful city.  The rodeo features sky divers, bull riders, motocross riders, kids riding sheep (mutton busting), bull jumping, a beauty contest and nightly dancing with a full bar.   Jeez, that sounds like an average week in Folsom real estate.

Folsom real estate is also full of fireworks, always exciting and you always see something you didn’t expect.  I received positive feedback on the market segment breakdown from last month so I did a similar analysis.  Keep the comments coming.   Look what’s booming! Homes priced less than $500,000, sell in less than 25 days on average.  I know. If you’re a buyer, it seems like they sell in 25 hours.  What else is skyrocketing?  Folsom homes that are less than $600,000. There is less than 1.5 months of inventory (# homes for sale divided by the average number sold per month) in that segment.  That is considered a constrained inventory and a seller’s market.   Would you expect that homes priced over $750,000 market are not booming?  Have you seen any of those homes in that price range?  Those homes are gorgeous.  That’s one reason why people flock here from the Bay Area like my family did over 20 years ago.  The buying dollar goes a long way and the standard of living is very high.  But for homes that are over $750,000, there is an equivalent of eight months of inventory and those homes take an average of 2.5 months to sell.  

Folsom is a fantastic place to live and the real estate market strongly reflects that.

I talk with sellers and buyers about these topics and more all the time. If you are thinking of selling your home, this is a wonderful time.  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.