Kingsley Development Group, Inc. has just listed their newest finished rehab! 103 Little Court. is a four bed, three bath home with 2650 square feet. This home is located in Folsolm, CA and has been completely remodeled. This is a beautiful home in American River Canyon. Full in-law quarters downstairs, Huge landscaped yard with RV Access, located on a culdesac, Master suite with sitting area and balcony, Tile Roof, 2 fireplaces.. You can unwind in your new master suite or your new spacious family room. This house is sure to go fast so make sure you check it out before it is SOLD!!
Our 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.
Kingsley 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!