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Thursday, February 23, 2012

Just Listed!!! 500 Discovery Court Shingle Springs, CA 95682




 
 
A property with views like this doesn't come along very often. With views of the Crystal range and Kirkwood to the east, Plymouth to the south and the Sacramento valley to the east you are above the fog but below the snow on this 5 acres of flat useable land. You get to see the sunrise in the morning and beautiful sunsets over Mt. Diablo fading into city lights at night. Land would be great for horses. In a well established (paved roads) subdivision less than 10 minutes from HWY 50.
$289,000

Tuesday, February 21, 2012

Cost vs Value of Remodeling Projects

It wasn't too long ago that homeowners were taking out second mortgages to do major remodeling projects.  There seemed to be no end to the possibilities of how we could improve our kitchens with major remodels costing $100,000 or more.  High end luxury bathrooms were not far behind and room additions were being constructed because we were sure that the cost of these improvements was adding value to our homes.  Well, these projects were recouping much of their costs when the real estate market was going up, but what about now?  I decided to take a look on http://www.costvsvalue.com/ because to be honest, I'm ready for a few changes.

What I discovered when doing a search on data for the Sacramento area was of no surprise.  Given the current state of our economy, additions and major remodeling projects are now at the bottom of the list in terms of ROI when selling.  However, there are still a few inexpensive projects that retain much of their cost when reselling, plus you have the added utility value to enjoy these improvements while you still live there:

#1 - Minor Kitchen Remodel ( Mid-range appliances that look like higher end counter parts, thin granite counter tops, new drawer pulls and knobs, glass tile back splashes, etc.).  Cost ~ $20K, Cost Recouped ~$19K

#2 - Garage Door Replacement (Mid range with insulation and heavier tracks) Cost ~$1,700, Cost Recouped ~$1,500

#3 - Replacement Front Door (Steel) Cost ~$1,400, Cost Recouped ~$1,200.

These numbers for Sacramento at 91%, 88% and 85% are well above the national average of 72%,71% and 73% but what it shows is that we can do smaller projects to keep our homes updated and appealing to ourselves and to prospective buyers should we ever decide to sell.

Monday, February 13, 2012

California Short Sales Resource Center

The California Association of Realtors has a great resource for anyone who is trying to understand how to navigate through the short sale process.  This website has step by step directions for the major banks with phone numbers, call sheets and guides to walk you through the process of gaining approval from your bank, putting your house up for sale, getting offers and closing.

California Short Sales

Please contact me if you'd like asssistance with any part of the process.

Thursday, February 9, 2012

January Home Sales in El Dorado Hills, CA

There were 42 homes sold in January in El Dorado Hills, CA.  This was down from 71 homes sold in December.  This is another indication of how the low inventory levels are affecting sales across the area.  If you are thinking about listing your house for sale, now is a great time to consider it.  There are buyers out there, but very few homes to show.


3905 Hills Ct El Dorado Hills, CA 95762-4509 $          127,500.00
629 Stonebriar Ct El Dorado Hills, CA 95762 $          225,000.00
1194 Ravenshoe Way El Dorado Hills, CA 95762-5339 $          240,000.00
2004 Ranch Bluff Way El Dorado Hills, CA 95762 $          299,000.00
3559 Devon El Dorado Hills, CA 95762 $          309,000.00
6002 Brogan Way El Dorado Hills, CA 95762-5458 $          315,000.00
3018 Hammond Way El Dorado Hills, CA 95762 $          340,000.00
3528 Keswick Dr El Dorado Hills, CA 95762-7851 $          344,000.00
428 Platt Cir El Dorado Hills, CA 95762 $          350,000.00
1131 Turquoise Way El Dorado Hills, CA 95762-4344 $          350,000.00
1120 CRESTLINE Cir El Dorado Hills, CA 95762-7218 $          355,000.00
1779 Toby Dr El Dorado Hills, CA 95762-7662 $          358,000.00
556 Torero Way El Dorado Hills, CA 95762 $          367,000.00
4307 Rimini Way El Dorado Hills, CA 95762-5470 $          370,000.00
114 Longford Pl El Dorado Hills, CA 95762-5421 $          386,000.00
2120 Beckett Dr El Dorado Hills, CA 95762-5201 $          392,000.00
613 Ore Cart Ct El Dorado Hills, CA 95762-6614 $          415,000.00
568 Torero Way El Dorado Hills, CA 95762 $          427,000.00
2221 Rookery Pl El Dorado Hills, CA 95762-7802 $          434,000.00
5068 Aldridge Way El Dorado, CA 95762 $          434,233.00
608 ORE CART Ct El Dorado Hills, CA 95762-6614 $          445,000.00
4685 Monte Mar Dr El Dorado Hills, CA 95762-5013 $          449,000.00
2174 Huntington Cir El Dorado Hills, CA 95762 $          450,000.00
4293 Arenzano Way El Dorado Hills, CA 95762-5430 $          460,000.00
5060 Tesoro Way El Dorado Hills, CA 95762-5422 $          465,000.00
625 Montridge Way El Dorado Hills, CA 95762-7226 $          468,000.00
1306 Green Valley Rd El Dorado Hills, CA 95762-9731 $          480,000.00
1600 Terracina Dr El Dorado Hills, CA 95762-5408 $          480,168.00
2002 Sheffield Dr El Dorado Hills, CA 95762 $          520,000.00
2234 CARDIFF Cir El Dorado Hills, CA 95762 $          528,000.00
8126 Anastasia Way El Dorado Hills, CA 95762-3978 $          540,000.00
1166 Souza Dr El Dorado Hills, CA 95762-7556 $          565,000.00
3141 Orbetello Way El Dorado Hills, CA 95762-4152 $          593,000.00
3808 GREENVIEW Dr El Dorado Hills, CA 95762-5218 $          672,000.00
1040 Cambria Way El Dorado Hills, CA 95762-3988 $          710,000.00
313 Belle Ct El Dorado Hills, CA 95762-4160 $          730,000.00
2580 Loch Way El Dorado Hills, CA 95762-5640 $          730,000.00
368 Powers Dr El Dorado Hills, CA 95762-4467 $          746,550.00
2646 Highland Hills Dr El Dorado Hills, CA 95762-5604 $          890,000.00
4881 Gresham Dr El Dorado Hills, CA 95762-7701 $          980,000.00
4502 Gresham Dr El Dorado Hills, CA 95762-7640 $      1,088,888.00
4901 Moreau Ct El Dorado Hills, CA 95762-7625 $      1,600,000.00


Please contact me if you'd like a market analysis of your home.

Saturday, February 4, 2012

Open House Results - Folsom is a HOT Market

There was a very big turnout at the open house on Honey Cook Circle in Folsom today. There must have been at least 40 groups because we ran out of flyers. I think this is a direct result of the very low inventory available in Folsom right now. As you can see from the graph below, there is only 1.6 months of inventory which means there are very few homes to show interested buyers. This is down over 72% in 15 months! Homes that are in decent condition and are priced right are receiving multiple offers and going under contract in just a few days.

I'll be holding another Open House tomorrow on 330 Willow Creek in Folsom from 11:00 - 1:00. I know it's short, but I have to be home in time for the big game.



Thursday, February 2, 2012

Folsom Home Sales - January 2012

252 Wales Dr Folsom, CA 95630-2852 $    56,000.00
885 Halidon Way #1417 Folsom, CA 95630-8442 $    90,000.00
400 Moon Cir #425 Folsom, CA 95630-4121 $  130,000.00
1309 Esplanade Cir #1309 Folsom, CA 95630-7364 $  155,000.00
1301 School St Folsom, CA 95630-3310 $  158,000.00
1705 Rivage Cir #1705 Folsom, CA 95630-5609 $  169,000.00
1305 Esplanade Cir #1305 Folsom, CA 95630-7364 $  173,000.00
1503 Rivage Cir Folsom, CA 95630-5608 $  173,000.00
105 Barrows Way Folsom, CA 95630-5414 $  175,000.00
1706 Esplanade Cir #1706 Folsom, CA 95630-7368 $  178,000.00
756 Strathdon Ct Folsom, CA 95630-3603 $  187,000.00
4503 Esplanade Cir #4503 Folsom, CA 95630-7387 $  190,000.00
757 Standish Way Folsom, CA 95630-3610 $  192,900.00
3303 Ferry Cir #103 Folsom, CA 95630-4032 $  204,000.00
135 Camberwell Way Folsom, CA 95630-8651 $  207,000.00
601 Blossom Rock Ln #1 Folsom, CA 95630-8746 $  208,900.00
235 Montrose Dr Folsom, CA 95630-2742 $  209,900.00
111 Casselman St Folsom, CA 95630-5419 $  219,000.00
375 Coventry Cir Folsom, CA 95630-7960 $  220,000.00
733 Ward Way Folsom, CA 95630-5454 $  225,000.00
112 Brightstone Cir Folsom, CA 95630-8189 $  225,000.00
9524 Central Ave Folsom, CA 95630-5101 $  229,500.00
924 Blue Rapids Dr Folsom, CA 95630-7914 $  233,000.00
144 Mckiernan Dr Folsom, CA 95630-2948 $  234,500.00
420 Crestridge Ln Folsom, CA 95630-2111 $  239,900.00
218 Oxburough Dr Folsom, CA 95630-3294 $  247,500.00
1575 Ballou Cir Folsom, CA 95630-5719 $  250,000.00
108 Lynton Ct Folsom, CA 95630-8606 $  251,000.00
1151 Harter Way Folsom, CA 95630 $  253,000.00
104 Sage Flat Ct Folsom, CA 95630-7102 $  260,000.00
432 Lone Spur Folsom, CA 95630 $  265,000.00
2012 Horseshoe Glen Cir Folsom, CA 95630-6294 $  266,000.00
129 Larkin Cir Folsom, CA 95630-3231 $  275,000.00
113 Rambling Dr Folsom, CA 95630-4640 $  280,000.00
150 Witmer Dr Folsom, CA 95630-4655 $  285,000.00
151 Big Valley Rd Folsom, CA 95630-4649 $  295,000.00
114 Oxburough Dr Folsom, CA 95630-3293 $  300,000.00
915 Carter St Folsom, CA 95630-9569 $  323,000.00
125 Paydirt Ct Folsom, CA 95630-5105 $  325,000.00
101 Bayline Cir Folsom, CA 95630-8007 $  325,000.00
117 S Fork Way Folsom, CA 95630-2083 $  327,500.00
109 Keller Circle Folsom, CA 95630 $  348,000.00
835 Willow Creek Dr Folsom, CA 95630-5220 $  350,000.00
177 Thorndike Way Folsom, CA 95630-6835 $  360,000.00
158 Thorndike Way Folsom, CA 95630-6834 $  361,000.00
149 Bloomfield Way Folsom, CA 95630-7631 $  365,000.00
846 Bluestone Cir Folsom, CA 95630-3519 $  366,000.00
1188 Eschelman Ct Folsom, CA 95630-7334 $  368,000.00
800 Orange Grove Way Folsom, CA 95630-3215 $  375,000.00
1320 Halidon Way Folsom, CA 95630-8682 $  375,000.00


Please let me know if there are other areas that you would like to see comps in.

Wednesday, February 1, 2012