Folsom Weekly with Rondo & Nate Real Estate (February 7th)

Folsom Market Trends

• In December the median home price in Folsom was $685,500.

• 53 homes sold after being on the market for an average of just 31 days.

• 22.6% sold above their listing price and 18.3% below.

Folsom High Wins Sacramento County Academic Decathlon

Folsom High School won first place in the 2024 Sacramento County Academic Decathlon. The competition involved 130 students from 11 schools, showcasing their skills in subjects like mathematics and science.

This victory means they will advance to compete in the California Academic Decathlon in Santa Clara!

Read More - Folsom Times

Sacramento State's New Placer County Campus

Sacramento State is set to open a new campus in Placer County. A 301-acre donation from Eli Broad will include a library, forensic science lab, and more, aiming to support up to 12,000 students.

Approved by the California State University board, the project will develop in four phases over 25 years, bringing accessible higher education close to home.

Read More - EdSource

Sacramento Area's Strong New Home Sales

The Sacramento area, including Folsom, ended 2023 with the highest new home sales since 2005, a 26% increase in December alone. Factors like decreasing mortgage rates and attractive home incentives contributed to this success.

Read More - Folsom Times

🏘️ Top Home Improvement Projects with the Best ROI

Whether you're planning to sell or simply enhance your living space, certain home improvement projects promise not just aesthetic upgrades but also impressive returns on investment (ROI).

Here's a curated list of upgrades that pay off.

• Minor Kitchen Remodel: With a stunning 98.5% ROI, minor kitchen updates can make a major difference. Think stainless steel appliances, quartz countertops, and LED lighting—small changes that modernize the heart of your home for a broad appeal.

• Landscaping Enhancements: Never underestimate curb appeal. Simple landscaping improvements can yield a 100% ROI, making your home instantly more inviting. Add vibrant plants and a clear path to the front door for maximum impact.

• Smart Home Upgrades: Modern buyers value convenience. Adding smart thermostats and security systems not only makes your home more efficient but also more attractive to tech-savvy purchasers.

• Energy-Efficient Windows: Swap out those drafty old windows for energy-efficient models to enjoy an 89.6% ROI. This upgrade not only improves aesthetics but also contributes to significant savings on energy bills, a selling point for eco-conscious buyers.

• Garage Door Replacement: Surprisingly, a new garage door can revamp your home's exterior with a 102.7% ROI. Choose a style that complements your home’s architecture to make a striking first impression.

• Refinish Hardwood Floors: If your home has hardwood floors, refinishing them can restore their shine and appeal, offering a 100% ROI by making interiors look brand-new at a fraction of the cost.

• Deck or Patio Addition: Outdoor living spaces are in high demand, providing around a 90.3% ROI. Adding a deck or patio extends your living space and appeals to buyers looking for that perfect indoor-outdoor flow.

• Paint Refresh: A fresh coat of paint in contemporary, neutral tones can transform your home's ambiance, offering a cost-effective way to update your space and make it more appealing to potential buyers.

Each project offers a promising return on investment, turning your home into a smart financial asset.

News Highlights

• Historic Folsom had a great 2023 with new businesses opening and old staples expanding.

• Habit Burger will open a new location south of Highway 50 in the Folsom Ranch community.

• Sutter Health is opening a new Ambulatory Care Center planned for 2026. Located near Iron Point Road, the 106,000-square-foot facility will offer a range of services including urgent care and a cancer center.

• Single Mom Strong hosted a workshop in Citrus Heights to help single mothers explore high-income careers in skilled trades.

• Fleming’s Prime Steakhouse is expanding to Roseville's Westfield Galleria, enhancing the local dining scene.

• Sacramento’s Fab Forties neighborhood remains resilient against market fluctuations, maintaining its charm and high property values.

• El Dorado Hills Town Center announces early 2024 events, including Cars and Coffee, Farmers Market, and Easter activities, to boost community spirit.