Rocklin And Folsom's Real Estate Market Report

Real Estate Trends In Rocklin

First, let's start with Rocklin. The simple state of the market here is that there just aren't enough houses to buy. When looking at the number of homes for sale vs new listings coming on the market, the last six months show that demand is consuming the supply as quickly as it comes available.

We're seeing this play out with typically 4-7 offers in the first 5-8 days a home is on the market. So what does that mean for you? Demand is consuming the supply of homes as soon as they come on the market. If we were having this conversation a year ago, I would say that the market temperature for real estate in Rocklin is about 55. Today, it's more like 95. We’re in a strong seller's market.

Let's break down the numbers to drive the point home further. In the Rocklin real estate market, we had 103 homes for sale on the market this time last year. Today, there's only 40. When we look at pricing a year ago, the average home in Rocklin was $561,000. This year, it's a whopping $644,000. That's a 15% increase year over year. Most of this increase has been since January 1^st.

The average number of days it takes to sell your house today is 7. In a normal market, it's 90 to 180 days. With only 40 homes on the market, it’s times like these when buyers and sellers need to be very cautious. These are the times that the sharks come out, promising huge returns and the big easy button. 

Advice For Buyers And Sellers

Buyers specifically have to be creative—but that doesn't always mean just bidding the highest price. We're having success with buyers coming up with a complete offer that tries to focus on the needs of the seller while still matching those of the buyer.

If you're selling, sellers need to be cautious as well. They’ll need to protect themselves from some of the games that buyers and their agents are playing in this market. So if you're thinking about making a move, make sure you're working with a qualified agent. Whether that’s me or somebody else, make sure they have you best represented. 

Real Estate Trends In Folsom

Now let's talk about Folsom, California. Believe it or not, it's moving a little bit faster. At this time last year, there were 75 homes on the market. Today, there are only 27.

At this time last year, the average price of a home in Folsom was $642,000. Today, it's $724,000. That's a 13% increase year over year. 9.5% percent of that gain, or almost 75%, has come from January 1^st of this year. If you're thinking about selling your house today in Folsom, it takes approximately 5 days to sell your home. A normal market, again, is 90 to 180 days. 

Today’s Hot Market

Whether you're on the buying or selling side of real estate, you could not ask for a better market to sell in than today—especially if you own a property today and you're considering selling it for top dollar. In all of my years in real estate, I have never seen a market as aggressive as this. So if you're considering selling your home, now might be the right time to cash out.

However, on the flip side of this, if you're thinking about buying a property, expect a bit of a bumpy road. We're here to coach you and help you through it, and we're having success. While you want to be prepared to compete against multiple offers, know that interest rates are still at historically low levels.

If you have any further questions or would like some more information, I'd love to talk to you. Feel free to reach out to me and I’d be happy to connect. Don’t forget to also subscribe to my channel so you never miss an episode all about the current real estate market. Stay tuned to see what tips and advice I feature next!