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Current real estate news for home buyers, home sellers, and homeowners.



Recent Folsom, Granite Bay, El Dorado Hills, and Sacramento Real Estate News Posts

Housing Inventory Snapshot

Folsom Luxury Homes and Land Specialist



Our motto is to always "Do the Right Thing", starting with providing premier executive service to buyers and sellers of luxury homes and land.

 The following snapshot of local Real Estate inventory is interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot May 31, 07
 Average List PriceMedian List PriceAverage Days On Market
Sacramento County, CA
Single Family under $500K$334,172$329,00066
Single Family over $500K$780,592$649,00071
Condo/Townhome under $300K$208,852$214,50077
Condo/Townhome over $300K$443,991$380,50059
Yolo County, CA
Single Family under $500K$379,316$379,00078
Single Family over $500K$743,457$659,90089
Condo/Townhome under $300K$252,304$255,000101
Condo/Townhome over $300K$368,490$347,50075
Placer County, CA
Single Family under $500K$396,782$399,88869
Single Family over $500K$891,854$699,00073
Condo/Townhome under $300K$247,800$252,00055
Condo/Townhome over $300K$377,058$355,00067
El Dorado County, CA
Single Family under $500K$386,053$395,00082
Single Family over $500K$902,692$739,00087
Condo/Townhome under $300K$238,370$228,500113
Condo/Townhome over $300K$426,583$350,00069
Stanislaus County, CA
Single Family under $500K$342,290$338,00078
Single Family over $500K$794,357$634,90088
Condo/Townhome under $300K$234,022$235,000105
Condo/Townhome over $300KN/AN/AN/A
San Joaquin County, CA
Single Family under $500K$357,265$356,95078
Single Family over $500K$724,915$615,00079
Condo/Townhome under $300K$215,761$199,99982
Condo/Townhome over $300K$388,735$389,000106
Amador County, CA
Single Family under $500K$352,299$350,99079
Single Family over $500K$851,392$690,000109
Condo/Townhome under $300KN/AN/AN/A
Condo/Townhome over $300KN/AN/AN/A
MORTGAGE. National Averages (May 31, 07)*
30-year fixedRate - 5.98%APR - 6.17%
15-year fixedRate - 5.69%APR - 5.97%
5/1 ARMRate - 5.74%APR - 6.98%

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.



For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Fix-It Projects to Speed The Sale of Your House

The interior walls are neutral. The clutter is a distant memory. A shower door has been replaced and even the bedspread has been staged. This Folsom home also got a professional inspection and appraisal to limit any surprises down the road. Now it is ready for sale!

For some sellers, a little extra work can mean not only a difference in how smoothly the sale goes but how much they can ask for their home. Talk to Realtors and they will tell you anything you do cosmetically to increase curb appeal is going to help the resale value.

Here's the bright spot: Many improvements that have an impact on selling a home aren't very expensive at all. And some tasks, such as giving rooms a fresh coat of paint, quickly pay off.

Those planning on adding a "for sale" sign to the front lawn this spring might want to consider these five areas while creating their to-do list.

1. First impressions count - The home's exterior, the shrubbery, the gutters and the front door should all be kept fresh and clean.

2. Neutralize and declutter - Neutral colors can have an added advantage of making a room appear larger. Remove all the clutter, basic spring cleaning: shampoo the carpets, rebuff hardwood floors and oil any wood cabinetry.

3. Consider replacement projects - Home buyers recognize the value of a house that doesn't need major repairs.

4. Kitchens and bathrooms rule - It's no secret that buyers tend to be awed by updated kitchens and bathrooms.

5. Warranty coverage and documentation - Sellers can provide some extra peace of mind to buyers by purchasing a home warranty on their home that will cover such things as heating and plumbing should the buyer run into problems after closing.

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Real-Estate Investors Should Beware of Scams

Make a million dollars now! No money down! No-risk offer!

Maybe you've heard these come-ons, or similar ones, offering you the chance to learn how to become a real-estate investing millionaire? One primary reason that real-estate investments attract newcomers is that debt is an accepted tool for doing business. Thus, you can get into the business with no money down. These high-volume, low-brow pitches are common from promoters of real-estate investing seminars.

  1. The first part usually is a goal-setting exercise.

  2. The middle part gives some information about what could be done but not how to do it.

  3. At the end, it all leads to having to take more expensive -- $3,000 to $5,000 -- seminars and boot camps to receive the actual hands-on experience you need, suggesting that if you didn’t take it, you would fail.

But not all real-estate investing seminars are a bad bet. Indeed, many will help you learn about the business of investing and can be a worthwhile place to start, experts say. How can you tell the good from the bad?

Savvy would-be investors should take their time developing their knowledge of the real-estate industry and shouldn't look to get rich overnight. The number of seminars offered to would-be real-estate investors has exploded along with the booming real-estate market. Public seminars may be fine for an introduction to investing, but clearly the business of real-estate investing can't be learned in just a few days. The skills it takes to be successful in real estate take years to accumulate, such as the skills of a Professional Realtor.

A hint from the Federal Trade Commission: 1. Take your time. 2. Don't be rushed into buying anything at a seminar. 3. Avoid high-pressure sales pitches that require you to buy now or risk losing out on the opportunity.

Remember, solid opportunities are not sold through nerve-racking tactics.

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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View Your Home From Above

Google Earth combines the power of Google Search with satellite imagery, maps, terrain and 3D buildings to put the world's geographic information at your fingertips. View your home or future home. Take a look at the surrounding landscape. Send a picture of your home or the local area from above, to your friends.


Folsom Dam


Take a second to download this free site.

Go to:
www.earth.google.com

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Second Home Strategies

While most people buy second homes using conventional financing, some are taking different approaches. Here are a few options:

  • Pull equity out of a primary residence to buy a second home. This has become a popular investment diversification strategy in recent years.

  • Rent your primary home and purchase your second home. This strategy might work well if you are planning to retire to the second home one day.

  • Buy a vacation home and rent it out when you’re not using it, to help pay for it.

  • A growing number of people around the West are considering fractional ownership, a fairly new option in which owners purchase fractional shares in a vacation home and use them for a certain number of weeks per year. While it may sound similar to most time-shares, in a fractional ownership program you own a portion of the vacation property and get a deed that appreciates for your share.


For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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Homes Sales Prices - March 2007

Are You Thinking of Buying or Selling a Home in the Near Future or Know Someone Who is?

Please call for a personal interview and property assessment with no obligation.

Home Sale Price Medians by City for March 2007

County/City/Area# SoldMarch-07March-06% Change
Sacramento County1537$340,000.00$380,000.00-10.53%
ANTELOPE57$329,000.00$384,500.00-14.43%
CARMICHAEL56$325,500.00$395,000.00-17.59%
CITRUS HEIGHTS87$300,000.00$337,500.00-11.11%
ELK GROVE237$393,000.00$467,000.00-15.85%
ELVERTA2$391,000.00$311,500.0025.52%
FAIR OAKS38$425,000.00$380,000.0011.84%
FOLSOM149$443,500.00$504,500.00-12.09%
GALT30$342,500.00$437,500.00-21.71%
MATHER5$325,000.00$397,500.00-18.24%
NORTH HIGHLANDS21$240,000.00$274,000.00-12.41%
ORANGEVALE26$328,750.00$350,000.00-6.07%
RANCHO CORDOVA96$398,500.00$455,000.00-12.42%
RIO LINDA11$280,000.00$336,000.00-16.67%
SACRAMENTO698$311,750.00$335,000.00-6.94%
SLOUGHHOUSE17$519,500.00$565,250.00-8.09%
WILTON5$795,000.00$1,163,000.00-31.64%
El Dorado County198$454,500.00$526,750.00-13.72%
CAMINO4$187,500.00$340,500.00-44.93%
COOL4$362,250.00$415,000.00-12.71%
DIAMOND SPRINGS7$345,000.00$339,000.001.77%
EL DORADO4$353,250.00$348,500.001.36%
EL DORADO HILLS69$650,000.00$630,000.003.17%
GRIZZLY FLATS2$266,250.00$340,000.00-21.69%
PLACERVILLE22$347,000.00$398,000.00-12.81%
POLLOCK PINES5$320,000.00$359,250.00-10.93%
RESCUE5$635,000.00$495,000.0028.28%
SHINGLE SPRINGS36$396,500.00$435,000.00-8.85%
SOUTH LAKE TAHOE39$440,000.00$480,000.00-8.33%
Placer County580$438,000.00$475,000.00-7.79%
AUBURN37$392,000.00$460,500.00-14.88%
CARNELIAN BAY2$816,000.00$492,500.0065.69%
COLFAX7$425,000.00$405,000.004.94%
FORESTHILL4$374,500.00$399,750.00-6.32%
GRANITE BAY39$820,000.00$850,000.00-3.53%
KINGS BEACH2$473,000.00$357,500.0032.31%
LINCOLN123$414,500.00$468,250.00-11.48%
LOOMIS13$420,000.00$695,000.00-39.57%
MEADOW VISTA4$456,250.00$552,500.00-17.42%
NEWCASTLE3$612,000.00$571,590.507.07%
PENRYN3$650,000.00$581,000.0011.88%
ROCKLIN95$433,500.00$447,500.00-3.13%
ROSEVILLE235$420,000.00$469,200.00-10.49%
SHERIDAN3$275,000.00$411,500.00-33.17%
TAHOE VISTA2$423,500.00$381,750.0010.94%


For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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