I understand that the Anatolia area is a little isolated. But the real estate has gone for a free fall in this place. It is not that far from Folsom or the Stone Creek Community which haven't gone done down so much. The free fall does not seem to be justified
I like showing homes in Anatolia and feel there are good deals to be had. The clubhouse, the parks, the new elementary school within the community are all plusses. I think the Walgreens at the corner is opening up very soon, if not already. And someday, a Safeway.
There are multiple offers now on the bank owneds and once these are weeded out of there, the home prices will stabilize. It'll be a few years before they get back to the values of 2005 - although, I don't have a crystal ball.
Anna Boyd - Re/Max Gold
El Dorado, Placer, Sacramento
Ph: 916-813-3534
Lic. # 01043604
anna@annaboyd.com
I think the free fall was mostly due to the fact that the area was non-existent before the building bubble. It is nearly all newer construction and is considered sprawl without all of the local services someone would expect in a neighborhood. If I had a crystal ball I could pinpoint the values over the next few years but I don't and no one knows. I would say that I am seeing multiple offers on many bank owned homes and the general feedback from the buying community would support the notion that we may be near the bottom.
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