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Old 01-01-2007, 02:51 PM
 
17 posts, read 139,462 times
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Looking to buy in Folsom in mid-500K. Anyone know how much is offered on homes for sale (100%, more, less, etc....)How many days homes are in the market? Land for sale, etc...
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Old 01-03-2007, 02:40 PM
 
433 posts, read 2,356,647 times
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I don't think many Folsom properties are getting 100% of list right now. It's a buyers market but you won't be too successful low-balling around here. Maybe 96-98% of the listing price. You can look for distressed properties. There are some out there now. 550K should get you a nice home.

I think we're close to 10% off the peak prices from 2005 right now. Most of the flippers are out - but some remain and they are trying to rent out their properties to limit their loses in this slow resale market.

The Sacramento market is being watched nationwide because we started heading south (downward) earlier than most of the hot markets. We're kind of the test bed for how low this market unwinding goes. By the way, the Sacramento economy remains quite strong with job growth continuing.
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