May 2016 Folsom Newsletter

Folsom Real Estate e-Newsletter exclusively for Folsom Residents

IN THIS ISSUE	May 2016

		Featured Article
		Trendgraphix
		Miscellaneous
		Neighborhood News
		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

Welcome to your Folsom Real Estate Newsletter

The first quarter of the year is already behind us! I hope you are enjoying the nice weather and finding time to do some fun things.

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

As a rule real estate activity usually picks up in the Spring but this year activity in Folsom suddenly took off in January. The graph below shows the trend continuing upward for the first quarter of 2016.

New listings increased but went pending very quickly. Currently days on the market is down to an average of 15 days! It's definitely a seller's market! Buyer demand and low inventory has resulted in the average sold price going up. Current average sold price is at $508,000.

This is a frustrating situation for buyers as they experience submitting offers that are not accepted. Buyers need to be diligent, pre-approved for a loan and expect to pay full price. The good news for buyers is that interest rates remain low. 30 year fixed is about 3.66% and 15 year fixed is about 2.89%. It is anticipated that rates will remain low for the rest of the year.

Trendgraphix

Single Family Homes in Folsom - Current Month vs Previous Month

The current average sold price is $508,000, up 3.5%
The average price per square foot is $236.00, up 7.8%
Inventory is at 1.6 months, up 33.5%
Average days on the market is 15 days, down 61.5%

May Monthly Drawing

Please enter below for a chance to win:

$10.00 Whole Foods Gift Card!

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 drawing is May 30

Last Drawing Winner: Leslie Roper Day

She won a Trader Joe's Gift Card

Featured Business of the Month

Courtesy of Old Republic Title Company

Listed For Sale:

Click Here to view a list of Homes FOR SALE in Folsom
Updated 05/03/2016

Pending Listings:

Click Here to view a list of Homes PENDING in Folsom
Updated 05/03/2016

Recently Sold:

Click Here to view a list of recently SOLD Homes in Folsom
Updated 05/03/2016



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