Friday, October 14, 2011

Day 14: Realtors In the Area


I tried to do a little digging with local realtors.

I first spoke with spoke with a realtor with Caldwell Banker Real Estate who had a property listed in the community. He worked through referrals and wasn't based in the community but said he was familiar and had sold there before. It's known to be a good area over all especially for families just starting out but it is considered an established community. The houses are older which can be seen as less attractive when there are new developments in Folsom To his knowledge no one was "farming the area." Sales here are modestly price since the market turned so while it's always good to have a sale it can be less glamorous then other places.

We went exploring and attended a local Harvest Fair held at one of the local high schools. There an agent from Keller Williams spoke with us. He also had some listings in the area and agreed, when I asked, that no one was farming this area. "A lot of the homes on sale here are from referral or REO to the agent, this isn't considered a new area where growth still has potential like in Folsom where lot of farming is competitive.

Except for the Keller Williams agent, the agents seemed to live outside this area often toward Folsom, but also Elk Grove.

Real Estate doing transactions in the area:

Lyon Real Estate
Keller Williams Realty
Caldwell Banker
Atlantic and Pacific Real Estate
Realty Trak (mostly foreclosures)