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December 2016 Folsom Newsletter

Folsom Real Estate e-Newsletter
exclusively for Folsom Residents
 
 IN THIS ISSUE December 2016
 
Market Update
    Trendgraphix
    Neighborhood News
    Miscellaneous
    Folsom Real Estate

Brought to you by:


June Balazs, Realtor®
McKiernan Realty

E-Mail Me
Visit My Website

916-628-1500
49 Natoma Street, Ste. A
Folsom, CA 95630




Wishing you a happy holiday season and health, happiness and prosperity in the new year. 

                                                                                                  
Please take a few minutes to check out all of the information that is available to you in this newsletter. 
Do enter the drawing below!  I feature a business of the month so if you or someone you know has a business in Folsom I will be happy to add it on a rotating basis. 

For more real estate articles click on the National Real Estate Update button at the top of the page. 

Feel free to contact me with suggestions or if you have any questions.

Sincerely,

June Balazs

Representing clients with integrity since 1988

Sacramento, Placer and El Dorado Counties

Service Above & Beyond

Your Referrals are Always Appreciated

 


 Market Update  



Federal Reserve Update

On Wednesday, December 14 the Federal Reserve raised its key short-term rate by a quarter-point from 0.5% to 0.75%, which is still considered low.  Most banks then raised their prime rate to 3.75% from 3.5%.

It was the first rate hike in 13 months.  For most of the last decade interest rates were untouched, in an attempt to improve the economy after the financial crisis.  If you applied for a credit card or even a mortgage,  these low interest rates certainly helped.  With signs of the economy improving the Fed indicated there may be two or three additional interest rate increases in 2017. 

With the current average 30 year fixed rate mortgage at about 4.16% and the very likely hikes in 2017 I would encourage buyers and sellers to act sooner rather than later.


Trendgraphix


Single Family Homes in Folsom - Current Month vs Previous Month

The current average sold price is $509,000,
up 1.8%

The average price per square foot is $235.00, up 3.1%
Inventory is at 1.7 months, up 6.4%
Average days on the market is 30 days, down 23.1%
For Sale: 109, down 25.3%
Pended sales: 92, up 17.9%
Sold: 65, down 30.9%
                                                                                                                                                                                                             


 
 


 Neighborhood News  


 Monthly Drawing 


Please enter below for a chance to win:

Gift Basket



Click Here to enter the drawing!

Please include your name, address and phone number. 
You must live in Folsom to be entered to win.
 
Last day to enter the drawing:  Dec. 30th

 


Last Drawing Winner is  Lori Danielsen


She won a bottle of Villa Toscano Wine





Featured Business of the Month







 Folsom Real Estate  

Listed For Sale:

Click Here to view a list of Homes FOR SALE in Folsom
Updated 12/04/2016

Pending Listings:

Click Here to view a list of Homes PENDING in Folsom
Updated 12/04/2016

Recently Sold:

Click Here to view a list of recently SOLD Homes in Folsom
Updated 12/04/2016