I went back to 2001 because that was before the market bubbled as well as after it tanked.
Fair Oaks averages were slightly lower in 2012 than they were 11 years earlier
Citrus Heights 8 to 9% lower.
El Dorado Hills price per square now and then was around $160 but the average sold price of house there increased 15%.
I have long wondered why Folsom has outperformed every other city in our metro. Jon's hypothesis that the employment engine of Intel is a strong influence on Folsom housing values sounds like a good reason to me.
Statistics were found using gotrendvision .com
Good points, I agree with you. I liked it when you said that you can't predict as how the prices might behave in future...this is so unlike of many other Realtors. See, the buyers hate it when they see the Realtors trying to scare them mentioning that the prices are just going up and up and showing different skewed statistics...the realtors would never say in even next 100 years that prices are going to go down. Even though the buyers act infront of the realtor that they are listening, back in the mind they would be thinking ok this guy is trying to pressurize me into buying :)...no buyer would like to buy when put in a pressure situation.
I will definitly consider your offer to meeting with you to further discuss on home buying. Thanks for taking your time to share your thoughts.
That said, here are some stats that may help you see what I see. In Folsom and the square foot range of 1500-2000, sold home prices have increased by 9.6% over the last year. Price per square foot has increased 8% over the same period. Does that mean they won't go down again? We can't really predict but those that bought a year ago have a lot of room.
You are absolutely right, it's not like buying a phone or a T.V. but it's not like the stock market either. Unless your an investor and going to flip the home, it's a long term investment and requires a different mindset. The housing community (Realtors, included) have really pushed the idea that a home is an investment, which is absolutely true. However, we failed in conveying that it's a long term investment and not just in real estate. It's also an investment in your lifestyle. What do you want your life to look like 5 years from now? 10 years? 20 years? These are questions that can't be ignored yet, we do.
I'd love to sit down and talk about your goals and how I would help you achieve them. Our consultations take about 30 minutes and, of course, there is no obligation. Let's have coffee or meet at my office in Folsom. If nothing else, you will walk away with some valuable information. You can call or text me at (916) 230-0278 or email email@example.com.
In my humble opinion I don't think you asking me if I want to buy the home is not warranted. Why would I be wasting my time on Trulia researching on the right property to buy and at right time?? . I don't have to tell you being a experienced realtor that buying a home is not like buying a phone or T.V. As a buyer we would like to get the best of every penny we are paying.
Buying a home constitutes paying attention to all the macro and micro economics affecting the locality...a single wrong step can lead to having all your life long hard earned savings washed away.
An experience Realtor can also walk you through the comps after viewing the house and compare and give you his/her price opinion.
There are several factors Realtors take into consider when determining the value of your home. The first is its condition and then we do a comparative analysis of the homes in your area that are similar in condition and square footage. There are currently several homes listed in your area. Email or call me directly and I can give you a more definitive answer...my email address Aneie@allcityhomes.com and 916.287.3463.
Aneice Dixon, Realtor
All City Realty Group
If you are talking about the home on Zittle, it looks like a beautiful home. Great location! You have two of the same models that are pending sale on Horseshoe Glen Circle at 369K and Shady Creek Rd at 375K. So, there are definitely supporting comparables. Best of luck with your offer.