Folsom Home Sales for August 7-13

Here are some recent Folsom home sales, as recorded by our local multiple listing service, MetroList, between August 7 and 13, 2011. These properties were listed and sold by various broker members in MetroList.

Address	Sold for	Sq Ft	Date sold	DOM
300 Moon Cir #336	$129,900	1,018	8/10/2011	5
120 Briarcliff Dr	$180,000	2,147	8/8/2011	53
1707 Esplanade Cir #1707	$184,900	1,355	8/12/2011	24
208 Montrose Dr	$205,000	1,402	8/12/2011	118
111 Rockbolt Cir	$225,000	1,245	8/12/2011	132
112 Amaya Dr	$239,000	1,479	8/10/2011	12
2194 Palomino Ct	$303,435	1,687	8/11/2011	4
175 Elkins Cir	$309,000	2,470	8/9/2011	128
104 Johnston Ct	$310,000	2,185	8/11/2011	55
1135 Burwick Ln	$324,000	1,753	8/11/2011	64
209 Baurer Cir	$335,100	1,757	8/8/2011	59
1992 Stockman Cir	$352,000	1,919	8/10/2011	119
280 Randall Dr	$399,900	2,125	8/8/2011	7
2153 Fenceline Dr	$400,000	2,668	8/8/2011	66
204 Littleton Ct	$439,000	2,779	8/9/2011	6
150 Tomlinson Dr	$475,000	3,589	8/11/2011	71
109 Cruickshank Dr	$480,000	3,086	8/12/2011	0

DOM= Days on Market

If you would like more details about any of the above home sales or if you are wondering about another recent sale or any current homes for sale in Folsom, drop me a line and I’ll look it up for you! Also, please verify all information independently before making a decision based on the above information.  all4now

Loan Modifications Continued to Outpace Foreclosures in 2nd Qtr.

It was about time for some good news! Hope Now--an alliance of counselors, mortgage companies, investors, and other mortgage market participants—reports that although foreclosures are up from March and April, loan modifications continued to outpace foreclosure sales during the second quarter. This is according to the latest report from loan servicers who participate in the Hope Now program. Also the number of mortgages with payments late by 60 days or more declined by 27 percent to 2.73 million.

By the numbers: Since 2007, 3.7 million homes have been sold through foreclosure and 4.7 million homeowners have received permanent loan modifications.

For more: Hope Now

all4now

Home Sales in Folsom last week

Address	Sold for	Sq Ft	Date Sold	DOM
226 Wales Dr	80,000	1,243	7/29/2011	11
909 Esplanade Cir	155,000	1,059	7/26/2011	22
124 Sierra Woods Cir	229,900	1,258	7/26/2011	21
108 Van Winkle Ct	237,500	1,864	7/25/2011	81
1803 Ferry Cir	240,000	1,746	7/28/2011	14
1479 Lewis Way	250,000	1,675	7/29/2011	12
944 John Murray Way	259,000	1,506	7/28/2011	80
1487 Strabane Way	267,000	1,339	7/25/2011	108
125 Corral Ct	269,000	1,641	7/28/2011	6
181 Bittercreek Dr	270,000	1,637	7/26/2011	15
1121 Knopfler Cir	270,199	1,782	7/28/2011	11
319 Coventry Cir	275,000	1,843	7/28/2011	3
2098 Horseshoe Glen Cir	280,000	1,664	7/25/2011	89
108 Witmer Dr	282,000	2,076	7/28/2011	124
129 Cape Cottage Ln	291,730	1,814	7/28/2011	67
2192 Owl Meadow St	295,000	1,851	7/29/2011	64
107 Eagle Creek Ct	315,000	2,454	7/25/2011	11
1000 Hildebrand Cir	320,000	1,919	7/28/2011	178
125 Blakeslee Way	349,500	2,193	7/29/2011	62
1772 Dunkeld Ln	355,000	2,277	7/27/2011	121
101 Drummond Ct	366,100	1,827	7/26/2011	3
1055 Elsworth Way	371,000	2,689	7/28/2011	56
110 Teceira Way	390,000	2,436	7/27/2011	100
154 Goodell Rd	399,000	2,488	7/26/2011	10
1 Tiempo Ct	415,000	2,629	7/24/2011	0
1092 Driftstone Ct	425,000	3,234	7/29/2011	109
181 FALL RIVER Dr	430,100	2,991	7/29/2011	11
134 Cruickshank Dr	433,000	2,436	7/28/2011	97
424 Williams St	471,000	2,832	7/29/2011	70
416 Sutter St	492,000	2,920	7/29/2011	14
909 Chaffin Ct	499,000	2,832	7/29/2011	126

Another day, another prediction on where home prices are going

Opened my Sacramento Bee this morning and saw this headline in the business section: "Sacramento area home prices expected to decline further before 2012 turnaround." Yesterday if you recall I mentioned a recent survey that saw a bottoming out of home prices in 2011. That article was at the national level so it's useful to see a region-specific forecast. Let's hope they are right that we are getting towards end of this real estate crash
You can find the Bee article here: http://tinyurl.com/44njdg2
all4now

Home prices will hit bottom this year, according to new poll

Some interesting news from MacroMarkets, which recently released a survey of 100 economists, real estate experts and investment strategists on where they thought the residential real estate market is going. The result: More than half of the  econ experts surveyed say they expect national home prices to hit bottom in 2011 and remain stable through 2015. This comes on the heels of a prediction at last month’s Pacific Cost Builders that a housing recovery would remain elusive until 2013 or beyond. And, almost two-thirds of those surveyed see the U.S. residential real estate market at an historic turning point, according to Robert Shiller, the co-founder and chief economist at MacroMarkets. Unfortunately no breakdown was provided on the expected home price changes in the next few years by region. As many of you know, the greater Sacramento region has been hit hard by the real estate crash. It would certainly be welcomed news for homeowners.

all4now