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Kingsley Development Group, Inc. has just listed their newest finished rehab! 120 Penaranda is a three bed, two bath with 1,110 square feet. This home is located in Folsom, CA and has been completely remodeled. The kitchen includes granite counter tops, granite backsplash, stainless steel appliances, and full size white cabinets. The bathrooms have all been updated with new plumbing fixtures, new tile floors and tile walls in the shower, granite sink countertops, and modern lighting.

The entire house comes equipped with new hardwood floors, new carpets in the bedrooms, and modern lighting throughout. The front yard and back yard have both been completely re-landscaped to give the new owners the pride of owning the best looking house on the block. This turn-key home is ready for you to start creating memories in.

13055126_18With a spacious open floor plan, there’s plenty of room for entertaining. The stunning kitchen with stainless steel appliances and granite counter tops will impress even the most selective chef. The spacious backyard is big enough for all types of fun summer backyard games. This house is sure to go fast so make sure you check it out before it is SOLD!!

Stunning renovations will inspire you to enjoy the finer things in life. The open floorplan is perfect for family gatherings. While the impressive kitchen makes cooking and serving meals a breeze. Relaxation awaits you in the spa inspired bathrooms. Your private backyard comes equipped with plenty of lawn space for summer barbecues and backyard games. Welcome Home!

HBS1Our headline is the question? many people are asking. Well, bursting the real estate bubble in Sacramento Housing Market mostly depends on whether the appreciation in the market is real or manufactured. With the government backing so many loans at 3.5% down, so many home buyers are instantly upside down in their home after they buy it, as it takes about 8-10% to sell it.

Even with unemployment going down, I wonder how many of these new jobs are substantial… solid jobs – ones where people are making a good living and able to buy or invest with confidence. Following are some points to think about:

  • The market will keep going up as long as there is demand, and I know with my list of buyers, there is HUGE demand.  And, it will keep going up as long as there is a perception of health in our economy – that seems what everyone wants to feel, even if it’s just a perceived reality.  How long will it last?  Or, at what price are these home unattractive to both investors and buyers?
  • Especially for investing… proceed with caution.  People will only invest if they know that they can get out safely within 6 months.

It’s interesting that the seasoned investors say – they are unsure and don’t know, especially when the wisdom of the day is to make certain proclamations like, “We got 2 years of appreciation!” or “Once the unemployment rate falls to ____, then interest rates will go up.”  Some of these statements have truth embedded, but beware of those who “knows for sure.”

Average price per square foot for Folsom CA was $202, an increase of 23.9% compared to the same period last year. The median sales price for homes in Folsom CA for Jun 13 to Aug 13 was $399,500 based on 291 home sales. Compared to the same period one year ago, the median home sales price increased 22.7%, or $74,000, and the number of home sales decreased 13.9%. There are currently 152 resale and new homes in Folsom, including 109 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Folsom CA was $523,101 for the week ending Sep 10, which represents an increase of 1%, or $5,032, compared to the prior week. Popular neighborhoods in Folsom include American River Canyon and Natoma Station, with average listing prices of $520,454 and $175,000.

Summary Of Changes for Sacramento County
Week of 2013-08-17
Since 2013-08-10
Since 2012-08-18
Direction
#
%
Direction
#
%
Inventory
2839
Up
56
2%
Up
795
38.9%
Median Asking Price
$264975
Up
$75
0%
Up
$57725
27.9%
Average Asking Price
$306758
Up
$67
0%
Up
$35941
13.3%
Average Asking Price Per SQFT
$174
Steady
$0
0%
Up
$28
19.2%
SIT Inventory
486
Down
-7
-1.4%
Down
-56
-10.3%
FIT Inventory
42
Down
-13
-23.6%
Down
-30
-41.7%
New Listings
657
Down
-19
-2.8%
Up
91
16.1%
Price Drops
290
Up
30
11.5%
Up
146
101.4%
Price Increases
18
Up
1
5.9%
Up
11
157.1%

sacramento homes for saleKingsley Development Group, Inc. has just closed on another property ready for rehab! 4707 Jan Dr is a three bedroom 2 bath with 1518 sq/ft located in Carmichael. This fixer upper was just what we were looking for, we are excited to get another deal in the books! Stay tuned with us for updates along the way!