Home Values in Folsom

Home Values in Folsom

Home values in Folsom are charging upward at rapid pace, giving back to homeowners much of the equity lost when the mortgage meltdown sent values crashing down in the 2006 through 2009 period.  The lure of exceptionally low interest rates has home buyers out looking to get into a home, and both first time buyers and move up buyers are home shopping.

Find out the Value of your Folsom Home.

Most times when the real estate market moves in a positive direction, certain communities see more price appreciation than others, and the current market is no exception.  Home values in Folsom are moving back towards levels not seen since the 2003/2004 timeframe at a surprisingly quick pace outpacing most other markets in the area.

Well Maintained Homes Sell at a Premium

Because interest rates are so low, home buyers can reach for the property they want without experiencing an unmanageable increase in their monthly payment.  What that means for homeowners who have done a good job of maintaining their home, or who have updated their home, is a higher value.  Well maintained and updated homes in Folsom are selling at a premium.

In fact, the difference in value between two homes with the same floor plan, in the same neighborhood, even on the same street, where one has been well maintained or updated, and the other has not, can be in the tens of thousands of dollars.  If you are trying to get a real solid idea on the value of your property, and you believe your home is superior to those around it, get input from a real estate professional that specializes in your neighborhood.

What's For Sale in Folsom

One way to track home values in Folsom is to watch what comes on the market, and at what price.  You can follow the market in Folsom by getting information on Folsom properties as they come on the market, if you want.

The pain of the mortgage mess, and all the foreclosures that came with it, is behind us………at least for now.  Home values in Folsom are moving in the right direction, and that means more equity for Folsom homeowners.