37 replies to this topic

[Dr. Folsom]

Well, fair market value is what a willing and able buyer is willing to pay for a piece of property.....so usually it has to do with price, condition, location....and last marketing....in my opinion you cant just put something on mls and expect people to see it...

what makes your house stand out over the other 373 houses in folsom today? what is your motivation to move?

short sales are different, thats a whole different conversation....banks are only responding to about 20% right now....so many are ending up in foreclosure....

But most people would be surprised to hear that folsom is selling the same number of homes as we sold in 2005, just as many buyers( may 2005-(85 homes closed), may 2007-86 homes closed....they just have more to choose from....interest rates are higher, so sitting on the fence is not neccessarily good either....

sellers still have control to sell their home...they just cant be out of control....

A home we were looking at in Empire Ranch sold in 4 or 5 days. Someone said it went for over asking price. We went to make an offer and it was gone! It was 150k or more that the some of the equivelent sized homes in the Parkway. I know why we liked the home but I still can't understand why a 3000 sf home in the Parkway isn't selling for 600k.

[mylo]

A home we were looking at in Empire Ranch sold in 4 or 5 days. Someone said it went for over asking price. We went to make an offer and it was gone! It was 150k or more that the some of the equivelent sized homes in the Parkway. I know why we liked the home but I still can't understand why a 3000 sf home in the Parkway isn't selling for 600k.

Why were you willing to spend 150k more than "equivelent sized homes in the Parkway"?

You answered your own question.

[Dr. Folsom]

Why were you willing to spend 150k more than "equivelent sized homes in the Parkway"?

You answered your own question.

It seems like too large of a difference. They are all nice areas. I feel like I am missing something about the Parkway. The low prices scared me away!

[Eeestll]

I thought new Parkway went to Empire Oaks. What is wrong with Empire Oaks

Nothing. It just makes sense for me to be able to walk my little one to school "right here".

[Barb J]

We moved from "Old Parkway" to ER about 4 years ago. We looked at homes in the new Parkway, but decided upon ER for a variety of reasons. Some of the main ones:

1. The school for the new Parkway at that time was TJ. We really wanted our daughter to go to ER since it would have been alot closer. That has since been rectified for the folks in the Parkway that borders E. Natoma. Now,,the "new" Parkway that is off Blue Ravine goes to Folsom Hills I believe - a great school as well.

2. Lot Size - this was a HUGE issue for us. The Parkway (new and old) have teeny tiny lots. We definitely wanted a pool, but since we have a large dog (Rottie) we needed more than just a backyard filled with a pool. In our "Old" parkway home our roof literally was 3 feet away from our neighbors roof. We could hear their TV at night! Granted, we don't have a HUMONGOUS lot in ER, but it is much roomier, lots of space on the side yards and our backyard is big enough to acccomodate a larger than normal size pool, lots of patio and a large grassy area for the pooch.

3. Lack of Yard Care: now this is going to sound weird, but when we lived in the Parkway, we hardly knew anyone in our neighborhood. We finally figured it out - no one ever went outside because they didnt' have to do yard work! That kind of "maintained" community also draws a different crowd than we were looking for - we had a lot of professionals who aren't home much, single women and older couples on our street- not alot of kids. Now that we live in ER, Saturdays and Sundays are big social days for our neighborhood because everyone is out and about taking care of their yards, washing cars, watching the kids ride bikes, etc. That leads to some wine drinking...............it's fun!

We definitely made friends in our old hood, but the "air" is different over here. We love the Parkway and miss it terribly in some aspects. Our home was SO well built (by Parker Development, the developer of the Parkway) and the trails are gorgeous. We would have stayed in our home but outgrew it!

Barb

[momof2]

Powerlines definately a factor....i wouldn't like to live under those HUGE power lines.....or see them as a view from my rooms. Not pleasing.

[SandPebble]

The old Parkway has so much charm, seemingly solid construction and is a family friendly neighborhood. Oak Chan is nestled in between that and Lexington Hills and is a good school.

I think that the New Parkway has problems with the school it is zoned to, some building issues and as with newer communities hasn't developed as much yet. Add to that the market is down right now and is more of a buyer's market there is no wonder there will be homes priced lower.

I don't think it is that less expensive at least in the older Parkway which is only 10 years old. Old Parkway is centrally located but yet not surrounded by retail, commercial or anything else undesirable. As for the power lines, one can see them from some homes yes, but most no. I think it is like a gem not a lot of people have found yet.

I have friends who live there that love it and would never move or live in other areas. But like anything it is to each his own.

Some people are scared away by the CCRs and the HOA as they are rumored to be rather strict. Others want the Empire Ranch name etc. I wouldn't worry homes seem to still be selling and people are buying so that is a good thing.

SP

[MikeinFolsom]

Hmmmm. I live in the "new" Parkway. We live on a court. We're ALWAYS out front with our neighbors looking at our finely manicured front yards that we don't have to lift a finger to maintain.

My backyard is 80' deep and 70' wide. Not small by any means.

And as has been discussed in previous threads, no one can park their junker of an RV in their driveway or on the street for very long.

My kids go to Folsom Hills Elementary, which is one of the top 2 or 3 elementary schools in our city.

I guess it's all what you are looking for in a house/neighborhood. I build swimming pools. Most of the smaller lots we deal with are in ER. Not all, but most.

Oh yeah, we're having a neighborhood 4th of July parade at around 10am. Then a court BBQ. I'd say we're definately not homebodies or "professionals" that don't mingle.