What is going on here? Slow market...?...Not!

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Real Estate Agent with McMahon Phillips Real Estate 01394956

February 13th 2007. Hey everyone! Well this is my first Blog input and I'm going to keep it short. As an agent out there helping clients purchase and sell properties everyday in the Placer, Sacramento, Yolo and El Dorado county areas, I can tell you from my perspective the market has certainly heated up since the year turned to 2007. SPecific areas I've noticed are extremely hot are Folsom (95630) and East Sacramento, especially 95819 and 95816 area codes. Not sure if this is a "dead cat bounce" (excuse the pun), but it's REAL today. Recently had a home one of my buyers made an offer on get flat our rejected...even though we were $20,000 over list price (okay the agent priced it way below market) we did not even receive a counter. OUCH! Word on the street is there were 26 seperate offers and the sale price went $160,000 over list! (either great listing agent call or a bit embarassing, can I say CMA refresher course) Yikes..and all this in what the Sac Bee calls a "slow" market. I tell you, homes priced right are selling fast and there are more than just a few buyers out there making offers and snatching up the bargains.

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