Pat's Column March Folsom Lake Entertainer

Real Estate

The March Folsom Lake Entertainer magazine featured a cover based on the Beatles.  My article featured growth that surrounds us every day.  I then focused the growth on what's happening in the Folsom area.  I enjoy gettting reader feedback.  If you have questions or comments, please contact me at 916.812.4341, pquan@cbnorcal.com.  Thanks, Pat

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Title: Growing into a Home Just Right for You

Spring.  Finally!  What is Spring?  Growth. Hope. New.  Sunshine.  Growth is all around us. 

What’s growing faster?  The rain totals?  The lake height? The flowers?  Real estate prices?  My kids?  The cost of college tuition?  The Stock Market levels?  The number of homes going on the market?  All of the above…

While the stock market grows to 20,000 and my daughters’ tuitions grow to sky high levels, I personally hope that one growth factor takes care of the other.  Wasn’t it just yesterday that my oldest daughter was a little Brownie Girl Scouts out selling cookies?  Who can pass up those Thanks-A-Lots?  OK, that leads to another growth – my waistline.   And wasn’t it just yesterday that my youngest was at a local dance competition excited that I was there to watch?  Yes.  Actually that was yesterday.  She’s the captain of the high school dance team and they just finished competition season.  But nevertheless, my kids have grown up. 

Rain totals are growing. We are 194% above normal for this year.  Our beautiful lakes and rivers are growing.  They’re out-growing their capacity.  We asked for rain.  We all asked for rain.  Over and over and over again.   And we got it.  Over and over and over again. 

I see growth everywhere in Folsom.  Go on a hike at the lake.  Or on one of those awesome trails through the Parkway.  You can’t miss the growth of the trees, plants, shrubs and, of course, the weeds.   They’re everywhere. 

Go to the shopping landscape.  More growth.  Just the Palladio alone has lots of retail growth. Coming soon: Lazy Dog Restaurant, Pretty Sweet Bakery, Brisas du Sol Restaurant, BI Design and E Life Cycles.  That’s what I love about Folsom. Go to the lake.  Go shop and eat.  What a life! 

How’s the real estate growth?  Hmmm.  You’re thinking, “there’s no growth in home sales”.  There’s very little on the market.  Well you’d be right.  As of the time of this writing, just 72 homes are on the market. While the rains came and set the high water mark, the sellers stayed put and the # of homes on the market is at a low water mark for the year.   But we can count n growth.  If this year is anything like the last 3 yrs in Folsom, we can expect a steady growth, or increase in the number of homes that come on the market.  Last year, Folsom steadily grew each month until it peaked at 213 homes on the market in August.

One reader suggested I write about growth on new homes in Folsom.  Immediate and noticeable growth is planned for area south of Highway 50.  Folsom’s Planning Manager Scott Johnson pointed out that the spring of 2017 brings infrastructure improvements (extension of utilities like water & electrical, etc.) so that vertical structures can be built in 2018.  Over 2100 – yes, 2100 – lots have been approved across three projects; Russell Ranch, Mangini Ranch & White Rock Springs Ranch.  With Folsom’s population estimated at76,375, that certainly will qualify as additional growth. And Folsom’s open space will continue to grow.  In those three projects, 30% of the space is required to remain open space.  

Folsom’s growth plans are very well managed.  It’s one reason why people love to move to this area.  I love where I live.  I love Folsom. It’s an exciting place and a wonderful place to be everyday. 

Home prices?  They’re growing too.  The average price home in Folsom is $475,804, a growth of 4.3% compared to January 2016.  If various life changes has you thinking about selling your home – Growth in your family (newborn, multi-generational family), growth in the extra space you have in your house (downsizing, empty nest, etc.)  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 (I love getting feedback and ideas for topics), please contact me at Coldwell Banker, 916.812.4341, pquan@cbnorcal.com, www.PatQuan.com, BRE# 01918240.