The City of Folsom recently updated it's "guess who's coming to town" list. Some projects are moving forward, some are not. Here is the quick list... for more information visit the Folsom Ciy Economic Development site.
New Businesses Coming to Folsom
(Updated May 17, 2007)
Circuit City
Serpa Ct., Iron Point Rd., & US 50
Project on Hold
Electronics
East of Costco
Application approved site rough-graded
Ethan Allen
Iron Point Rd.
2008
Home Furnishings
E. Bidwell St. & Placerville Rd.
West of Costco
Application submitted and under review
Hampton Inn
Iron Point Rd.,
2008
Motel
E. Bidwell St., & Placerville Rd.
West of Costco
Application submitted and under review
Holiday Inn & Suites
Cavitt Drive
2009
114 Units, 4 Story Hotel
(Opposite Costco)
Application submitted and under review
IHOP
2525 Iron Point Rd.
Fall 2007
Restaurant
Application submitted
In and Out Burger
Iron Point Rd.,
2008
Restaurant
E. Bidwell St., & Placerville Rd.
West of Costco
Application submitted and under review
Kaiser Permanente Hospital
Iron Point Rd. and Broadstone Pkwy.
Ground breaking in Spring 2007 for ambulatory surgery center
Medical offices, surgery center, 50 acre medical campus
Next to Palladio Site
Preliminary site preparation completed
Palladio
Iron Point Rd. and
2009
50 Acre Regional Mall
E Bidwell St.
Preliminary site preparation completed
Theatre, grocer, bookstore and in-line retail and office space totaling 930,000 sq. ft.
South of Broadstone Power Center
Stay Bridge Suites
Cavitt Drive
2009
122 Units, 4 Story Hotel
(Opposite Costco)
Application submitted and under review
Wal-Mart
Glenn Dr./Riley St.
N/A
Late 2008
Application for remodeling & expansion pending
* Opening dates are estimates. Contact the business directly to confirm actual opening dates.
It's interesting to see that virtually all of the activity is centered around the Bidwell Street exit off 80. This, and the Old Town redevelopment accounts for much of the economic development taking place in Folsom.
Want to learn more about the Folsom area? Ask for our Free Folsom Relocation Package. When it comes to real estate we don't sell homes, we get homes sold. Contact us for additional information or market conditions for your specific market segment. http://www.hotnorcalhomes.com/ Werolin Real Estate Group Jeff Werolin jWerolin@GoLyon.com 916.741.9505
Saturday, May 26, 2007
Bloomberg article - April resale home sales drop to lowest point in four years. How does Sacaramento Fare?
By Shobhana Chandra
May 25 (Bloomberg) -- Sales of previously owned homes in the U.S. unexpectedly fell in April to the lowest level in almost four years, dimming prospects for a quick recovery in the housing industry.
Purchases fell 2.6 percent to an annual rate of 5.99 million last month from 6.15 million in March, the National Association of Realtors said today in Washington. A measure of the supply of homes for sale rose to the highest since August 1992.
The decline comes a day after a government report showed sales of new homes surged as buyers took advantage of a slide in prices. Today's figures suggest that owners of existing homes may have to cut prices further during the prime spring selling season. The drop also reflects the impact of banks making it tougher to get subprime loans, a response to rising defaults.
``The housing market correction won't be resolved quickly,'' said Kevin Logan, senior market economist at Dresdner Kleinwort in New York. ``Downward pressure on prices will persist and sales will be sluggish for some time.''
Resales were expected to be at a 6.12 million annual rate, unchanged from the originally reported March figure, according to the median of 70 forecasts in a Bloomberg News survey. Estimates ranged from 5.9 million to 6.4 million. Logan forecast a 6 million pace.
See the full article here: national resale figures.
So, what about the Sacramento Region? The region as a whole is also suffering, although we have several "HotSpots" where sales activity is brisk. For a more detailed outlook on Sacramento County, El dordado County and Placer County region trends visit: Northern California Housing Trends.
Want to learn more about the Sacramento region? Ask for our Free Sacramento Relocation Package. When it comes to real estate we don't sell homes, we get homes sold. Contact us for additional information or market conditions for your specific market segment. http://www.HotNorCalHomes.com Werolin Real Estate Group Jeff Werolin jWerolin@GoLyon.com 916.741.9505
May 25 (Bloomberg) -- Sales of previously owned homes in the U.S. unexpectedly fell in April to the lowest level in almost four years, dimming prospects for a quick recovery in the housing industry.
Purchases fell 2.6 percent to an annual rate of 5.99 million last month from 6.15 million in March, the National Association of Realtors said today in Washington. A measure of the supply of homes for sale rose to the highest since August 1992.
The decline comes a day after a government report showed sales of new homes surged as buyers took advantage of a slide in prices. Today's figures suggest that owners of existing homes may have to cut prices further during the prime spring selling season. The drop also reflects the impact of banks making it tougher to get subprime loans, a response to rising defaults.
``The housing market correction won't be resolved quickly,'' said Kevin Logan, senior market economist at Dresdner Kleinwort in New York. ``Downward pressure on prices will persist and sales will be sluggish for some time.''
Resales were expected to be at a 6.12 million annual rate, unchanged from the originally reported March figure, according to the median of 70 forecasts in a Bloomberg News survey. Estimates ranged from 5.9 million to 6.4 million. Logan forecast a 6 million pace.
See the full article here: national resale figures.
So, what about the Sacramento Region? The region as a whole is also suffering, although we have several "HotSpots" where sales activity is brisk. For a more detailed outlook on Sacramento County, El dordado County and Placer County region trends visit: Northern California Housing Trends.
Want to learn more about the Sacramento region? Ask for our Free Sacramento Relocation Package. When it comes to real estate we don't sell homes, we get homes sold. Contact us for additional information or market conditions for your specific market segment. http://www.HotNorCalHomes.com Werolin Real Estate Group Jeff Werolin jWerolin@GoLyon.com 916.741.9505
Friday, May 25, 2007
Wonderfully remodeled 3/2 halfplex in Folsom, CA
This home boasts over 1,120 square feet of lavish living space. Perfectly suited for a young family, or investor. Two successful businesses were also launched from this home due to it's winning location.
This home boasts over 1,120 square feet of lavish living space. Perfectly suited for a young family, or investor. Two successful businesses were also launched from this home due to it's winning location.
- Recently installed wood lam floors
- Remodeled kitchen with fresh counter tops, maple cabinets, appliances and tile floor
- Remodeled baths - both hall and Master with Tile floors, new sinks, vanities and lavs
- Ceiling Fans, freshly painted interior
- Single car garage attached
- Beautiful roses and fruit trees compliment the low maintenance yards
- Dual pane windows installed through most of the home
- Close to Bidwell Street district
- Near Folsom recreation like the Folsom Aquatic Center (Public pools), new Library and parks.
For more information visit http://www.hotnorcalhomes.com/ or contact Jeff Werolin at 916.741.9505 or jWerolin@GoLyon.com.
Thursday, May 17, 2007
Folsom Community Profile Part 1
Here is some detailed community information on Folsom, CA. During the current rough real estate market Folsom is faring better than some other communities in the Sacramento region. Why? The infrastructure is well designed and supported, the lifestyle is still appealing and demand for housing is still comparatively high. The market has slowed, but not nearly as much as some other Sacramento region communities. New home development has also slowed, and employment centers are close in or easily accessable via light rail. These factors all add to the quality of life and housing in Folsom. Here is part 1 of our community profile.
Want to learn more about the Sacramento region? Ask for our Free Sacramento Relocation Package. Or, look at homes yourself with our free home search.
When it comes to real estate we don't sell homes, we get homes sold. Contact us for additional information or market conditions for your specific market segment.
Werolin Real Estate Group
Jeff Werolin JWerolin@GoLyon.com 916.741.9505
Want to learn more about the Sacramento region? Ask for our Free Sacramento Relocation Package. Or, look at homes yourself with our free home search.
When it comes to real estate we don't sell homes, we get homes sold. Contact us for additional information or market conditions for your specific market segment.
Werolin Real Estate Group
Jeff Werolin JWerolin@GoLyon.com 916.741.9505
Sacramento Best
Sacramento scored in the top 100 on Forbes Best for Business and Careers List landing a rank as the 89th best market in the US for business and careers. We outranked San Jose which landed a 183 rank. This makes me especially happy, having been chided by several friends for having moved from the San Jose area to Folsom in the Sacramento area several years ago. The reason for my move? For improved quality of life and for business opportunities.
My first reason for moving was confirmed last year when Folsom ranked as the 34th Best Place to Live in the US by Money magazine. Now with the Forbes business ranking I can finally say "neener, neener" to my friends of little faith still languishing in the Bay Area. Of course I always was able to pull out the argument that the real estate market in the Sacramento area is much friendlier (variety, inventory and pricing) than the bay area from which I came with the inevitable outcome that my friends would turn slightly green with envy. Especially comparing my 4,000 square foot newer construction home that cost half the price of their 1,200 square foot home built in the 1940's.
The tide in the argument would turn a bit when my friends would pull out the big guns - the variety of dining, shopping and proximity of everything in the bay area, and the final coup de grâce - "how're the summer temperatures in Folsom?"Well, now we've got Trader Joes, Whole Earth Foods and a vast variety of shopping and dining options - all within a reasonable distance away. We're closer to the mountains and Tahoe, and still a day trip away from the coast. That's if I want to go anywhere - there is an abundant supply of recreational activities close to home and a variety of arts and entertainment options are available from Davis through Sacramento up to El Dorado Hills and the foothills. Really, this region offers it all.
About those summer temperatures? Well now that I've discovered air conditioning, summer is actually pretty fun. Beats trying to stay cool in August in San Mateo by sleeping on top of the sheets cuddled up to a bag of ice, all the windows in the house open, & begging mother nature for a little bit of wind.
I still make it down to the Bay Area quite a bit. My parents are planted firmly there - no matter how many times we make them come up to visit the grandkids. And having been born and raised on the Peninsula a little bit of my heart will always be there. But the rest of it is firmly planted in Folsom.
So am I writing this post to brag a bit about the Sacramento region?
Darn Tooting I am!
Want to learn more about the Sacramento region?
Ask for our Free Sacramento Relocation Package.
When it comes to real estate we don't sell homes, we get homes sold.
Contact us for additional information or market conditions for your specific market segment. http://www.HotNorCalHomes.com
Werolin Real Estate Group
Jeff Werolin jWerolin@GoLyon.com 916.741.9505
My first reason for moving was confirmed last year when Folsom ranked as the 34th Best Place to Live in the US by Money magazine. Now with the Forbes business ranking I can finally say "neener, neener" to my friends of little faith still languishing in the Bay Area. Of course I always was able to pull out the argument that the real estate market in the Sacramento area is much friendlier (variety, inventory and pricing) than the bay area from which I came with the inevitable outcome that my friends would turn slightly green with envy. Especially comparing my 4,000 square foot newer construction home that cost half the price of their 1,200 square foot home built in the 1940's.
The tide in the argument would turn a bit when my friends would pull out the big guns - the variety of dining, shopping and proximity of everything in the bay area, and the final coup de grâce - "how're the summer temperatures in Folsom?"Well, now we've got Trader Joes, Whole Earth Foods and a vast variety of shopping and dining options - all within a reasonable distance away. We're closer to the mountains and Tahoe, and still a day trip away from the coast. That's if I want to go anywhere - there is an abundant supply of recreational activities close to home and a variety of arts and entertainment options are available from Davis through Sacramento up to El Dorado Hills and the foothills. Really, this region offers it all.
About those summer temperatures? Well now that I've discovered air conditioning, summer is actually pretty fun. Beats trying to stay cool in August in San Mateo by sleeping on top of the sheets cuddled up to a bag of ice, all the windows in the house open, & begging mother nature for a little bit of wind.
I still make it down to the Bay Area quite a bit. My parents are planted firmly there - no matter how many times we make them come up to visit the grandkids. And having been born and raised on the Peninsula a little bit of my heart will always be there. But the rest of it is firmly planted in Folsom.
So am I writing this post to brag a bit about the Sacramento region?
Darn Tooting I am!
Want to learn more about the Sacramento region?
Ask for our Free Sacramento Relocation Package.
When it comes to real estate we don't sell homes, we get homes sold.
Contact us for additional information or market conditions for your specific market segment. http://www.HotNorCalHomes.com
Werolin Real Estate Group
Jeff Werolin jWerolin@GoLyon.com 916.741.9505
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