Showing posts with label Folsom California. Show all posts
Showing posts with label Folsom California. Show all posts

Wednesday, September 27, 2017

Three Sacramento area cities named top-10 places to raise a family

If you live in or around the greater Sacramento area, then you already probably know that it's a great place for families, with plenty of towns, neighborhoods, and communities that are perfect for raising children. The Sacramento area's family-friendly nature has now also gained national prominence thanks to a poll by NerdWallet.com. In a poll about the quality of life for families on that site, several Northern California cities ranked in the top ten for best cities to raise a family in California, including some of Sacramento’s closest neighbors: Folsom, Roseville, and Davis.

NerdWallet ranked every major city and community across the country based on these three main factors:

Affordability
Of course, we’d all love to live in San Francisco, Venice or Santa Cruz – if we were multi-millionaires. But for most, the cost of living and raising a family is too prohibitive. So in their survey, NerdWallet recognized that affordability is a huge factor for families who want a great quality of life. Other critical factors in determining affordability for families include:

median home values in each city along with average mortgage payments,
real estate taxes,
monthly home expenses,
utilities, fuel, insurance, and other typical costs.

In determining ranking, the more overall affordability a city was for a young family, the higher its number in the rankings.

Growth and prosperity
NerdWallet also carefully gauged each city’s economy and potential for growth. To make sure that future development looked promising, they tracked factors like the average household income and income growth over the last decade. Cities that earned a ten offered the best chance for new residents to land good-paying jobs, prosper financially, and provide for their families.

Quality schools and public education
Of course, one of the biggest factors for families is living in an area where their children can attend great schools/ So NerdWallet rated each city’s public school systems using academic performance rankings from GreatSchools, a nonprofit that that compares a school’s standardized test scores with the state average. This system rates schools 1-10, with 10 being the best possible score for a public school system.

Based on the compilation of those rankings, here are the cities in the greater Sacramento area that ranked in the top ten:

#2 Folsom, California
For those of us who already live, work, or play in Folsom, we don't need to be reminded that it's one of the best communities in California to raise a family. Only 20 miles east of Sacramento, Folsom has just about everything you would want in a neighborhood for your family, from fantastic schools, vibrant economy bolstered by tech firms like Intel, Verizon and Jadoo Power, and a median household income just above $100,000.

Folsom is also a haven for families because of its natural beauty, parks and recreation facilities, and outdoor lifestyle. Folsom offers endless miles of hiking trails, cycling and running paths that extend all the way to downtown Sacramento and beyond. Lake Folsom is ideal for swimming, boating, and waterskiing, and it’s an hour drive up the mountain to Lake Tahoe. Historic Old Folsom is lively on the weekends, jumping with music, street fairs, and a great art and restaurant scene.

No one ever accused Folsom of being inexpensive, but it’s still reasonably affordable for a new family, with a vibrant local economy and real estate market that always is healthy. With all the great things going for Folsom, the only thing we wonder is why it’s not #1 on the list!?

#8 Roseville, California
Sitting only a few spots back of Folsom on NerdWallet’s best places for families to live sits Roseville. It’s not surprising that Roseville is so highly-valued on the list considering that the Sacramento suburb city has a little bit of everything for young families, including a healthy supply of good-paying jobs and an economy invigorated by local employers Kaiser Permanente and Hewlett-Packard.

Just as important, Roseville is home to some of the best public schools in the state, year after year. Although it’s the largest city in Placer County (population 128,000), it’s also one of the safest communities in California. Residents enjoy the mature trees, 41,000 acres of beautiful parks, 31 miles of recreational trails, a revitalized downtown, and a little Gold Rush history thrown in.

This isn’t the only time that Roseville has been recognized as a great place to live, as CNN recently ranked it as one of America’s Top 100 Small Cities.

#9 Davis, California
The agricultural and educational haven of Davis, California lies directly west of Sacramento, and yet it feels like it’s hundreds of miles away from the hustle and bustle of city life. Davis is a down-to-earth, throwback academic community centered around the prestigious University of California at Davis. Often called “Berkeley North,” it’s rich with arts and culture, yet still keeping its agricultural roots - one of the University’s strengths.

Just a short 15 minutes across the causeway from downtown Sacramento, Davis is also only about an hour commuting distance to San Francisco. The public schools are fantastic, it has one of the lowest crime rates in California, and Davis has healthy job market.

As a small city of fewer than 70,000 people, Davis prides itself on being one of the most bike and pedestrian friendly cities in the entire country. It’s also one of the greenest cities in the country, and between walking trails, locally owned businesses and the Robert Mondavi Center for the Performing Arts, there is always something fun to do.

Surely Davis would rank higher on the list if it weren’t for the cost of living, with a median home value of $632,000 – a stretch to afford for many first-time buyers.

***
Are you interested in moving your family to one of these communities, the cost of homes in these areas, or just getting more information about the greater Sacramento real estate market? I’d love to be of assistance so please contact me anytime.

Saturday, February 14, 2015

The 15 principles of selling a luxury home.


Selling a luxury home is a finely nuanced endeavor, requiring expert representation that is knowledgeable, experienced, well networked, and holds impeccable professional standards. So it’s crucial you work with the right real estate broker who specializes in selling homes in your area and has plenty of experience and a great reputation in the luxury market. Here are some proven principles to help you make the best decisions when selling your luxury home:

1. Pricing your luxury listing correctly.
Selling a luxury home presents certain inherent challenges because you have a much smaller pool of buyers who are interested and qualified. There are also far fewer true comparables because luxury homes are custom and unique properties. Of course you deserve to get top dollar for your home, but it’s important to adhere to the data and market research and price it correctly, with minor pricing adjustments with time if necessary.

2. Your Realtor should know the area intimately.
Remember that a luxury buyer takes immense pride in their home, and sees it as a statement about who they are and their lifestyle. So knowing (and selling) nearby amenities like country clubs, golf courses, business parks, town centers, arts and cultural events, bike trails, lakes, boat clubs, etc. all goes a long way in persuading the high-end buyer.

A potential buyer will also want to make a good investment, so they’ll expect detailed neighborhood data like demographics, trends on home values, crime reports, information on school systems, and planned developments in the area.

3. And know the home exclusively.
Luxury buyers consider their home the biggest investment in their lives so they want to know every detail about the property they’re buying. That includes information about any high end brands like wine fridges, artwork, chandeliers, or custom features like outdoor living spaces, Green or tech amenities. It also helps to have architectural blue prints from when the home was built, maintenance records, and a bio on the builder and designer.

4. Consider moving out during the listing process.
Research shows that high-end homes attract more buyers and sell faster if they are vacant during the sales process. While this may not be convenient, it could result in a far greater return on investment with a higher sales price. But this is a personal decision that’s completely up to the homeowner.

5. Professional staging is essential.
It’s essential to have your luxury home professionally staged before listing, which will allow it to be de-cluttered, de-personalized, and make display adjustments like neutral wall colors, furniture that maximizes space, and art work and decorations that makes your home shine.

6. Teaming with a good lender can help.
In the past, most luxury homebuyers paid cash when they purchased. But these days, there’s an increasing trend of buyers utilizing a mortgage loan for high-end purchases. Your Realtor should have a qualified mortgage broker who can provide information on loan options and specialize in jumbo loans to aid and encourage the buyer’s financial decision.

7. Decisions about showing and availability.
If the home is not being lived in during the sale, it’s much easier for other agents and buyers to see. But even if you’re living there, there are some important decisions to make: do you put on a lockbox so agents can come and go freely? Do you set up showings only by appointment so your Realtor can monitor who is coming and going? Or do you keep the listing information even more discreet for security and privacy concerns? A good luxury Realtor can advise you on all your options and help you come to the best decision.

8. Understand liability.
Safety is always a concern when listing a home, as is theft, privacy, and the liability of having people come onto your property. A great luxury broker will understand the risks and help protect you.

9. Consult with your trusted financial advisors.
It’s essential to consult with your financial team before, during, and after your home sale. That includes your financial planner, insurance broker, and especially your tax planner.

10. Networking.
Many luxury homes aren’t sold to strangers via the MLS, but through the local community and other people who are in the same economic grouping. So your Realtor should reach out to local businesses, like arts centers, galleries, wineries, etc., as well as promote your home through their extensive contacts in the luxury market. Even knowing how to get in touch with international buyers and relocation services for local businesses can help sell a listing.

11. Ongoing maintenance and cleaning.
It’s not enough to stage your home and let it be; you’ll want to hire a regular cleaning crew and do extensive yard maintenance so your home and grounds look pristine for any potential buyer.

12. Professional real estate photographs and virtual tours.
People who buy luxury homes are very discerning and expect the highest quality presentation to catch their eye. So make sure your Realtor can recommend the best real estate photographer who specializes in luxury homes.

You also may want to think about a professional videographer to record a virtual tour of your home, which are extremely effective in attracting luxury buyers. They can even work with your professional photographer and often use drones for stunning aerial shots.

13. Multi channel marketing, including technology.
The truth is that a luxury listing should be aggressively marketed through traditional channels: like networking with other luxury real estate agents, the MLS, print advertisement, press, community interaction, and also through the most cutting edge new technology.

These days, 95% of your potential market for high-end buyers are active and engaged on social media, and 90% of luxury buyers start their search for homes extensively via the internet or their mobile devices. So a luxury listing should have a strong social media presence, be featured on the Realtor’s web site and blog.

14. Consider community events for PR.
Open houses for luxury homes are a bit of a different animal than for a more humble home, because you won’t get (nor do you want) drive-by traffic and interested buyers shopping around. So you may want to consider working with your Realtor to opening up the house to community events instead, like wine tastings in coordination with your favorite local winery, allowing it to be used to host charity dinners or fundraisers, art gallery showings, or other events that will bring in plenty of distinguished people.

15. Patience is a virtue!

Selling a luxury home often takes more time and patience than a normal track home in the average price range because there are far fewer buyers and it’s harder to match them to a custom home. So patience and clear, business-first thinking is critical, as is great communication with your sales team.

***
The Alfano Group Real Estate Agency is the premier real estate concierge for high-end and luxury home buyers and sellers in the Sacramento, Placer County area. Please contact us if you'd like any more information or an analysis of your home's value.

Monday, June 9, 2014

Neighborhood and City Spotlight – Folsom, California.

Profile
Folsom is a city in Sacramento County, California, only 23 miles from the Sacramento proper.  It’s situated in the foothills of the Sierra Mountain range, and a short drive to Lake Tahoe.  Folsom has a total area of 24.3 square miles.  Of that, 21.9 square miles is land and 2.4 square miles is water.  It was formally incorporated in 1946.

History
Folsom has a history as old and rich as California itself, as the community was first settled as part of the Gold Rush in the Sierras.  In 1847, William Leidesdorff , a prosperous trader and shipping magnate, came to Sacramento by steamer to survey the 35,000 acres he bought years previous, including the area where modern-day Folsom lies.  

After the Mexican-American War, an Army Captain named Joseph Libbey Folsom bought a huge plot of land - Rancho Rio de los Americanos – from Leidesdorff’s heirs.  Folsom started a town called Granite City, consisting mostly of miners, gold prospectors, and the folks who had come west to find riches.  But it wasn’t gold that made the town prosperous, it was actually Libbey’s steadfast work to get a railroad coming to town that connected to Sacramento.  In 1855, Granite City was renamed Folsom to commemorate their founder’s work.  

 In 1880, Folsom Prison was established in Folsom, thanks to an agreement with the Livermore family.  They donated land to the state for the prison in exchange for free prison labor for their sawmill.  The Livermores wanted to build a hydroelectric dam on the American River to power their sawmill.  The mill faltered but the dream of a dam to generate power sprung forth with the Folsom Powerhouse, which supplied electricity to Sacramento.  At that time, it was the longest overhead run of electricity in America (22 miles.)  The powerhouse was in operation until 1952 and is now a National Historic Landmark    

Folsom Prison went on to its own infamy in 1956 when Johnny Cash sang a popular song, The Folsom Prison Blues, and performed there in a historic free concert for the inmates.

Development
Folsom incorporated and became an official city in 1946 after a big campaign by its Chamber of Commerce.  In 1956, only 4 years after the Folsom Powerhouse was established, the Folsom Dam was built, offering protection from flooding rivers and regulating water rights for the Sacramento Valley.

Highway 50 was soon constructed to manage traffic flow to the state capitol, and air traffic began coming in and out of Mather Air Cargo/General Aviation airport nearby.  By the year 2000 there were over 51,000 people living in Folsom, and a light rail system – not a historic railroad – connects commuters to the capitol.

Demographics
As of the 2010 census, the population of Folsom was 72,203.  Of those, 65,243 people (90.4% of the population) lived in households, 188 (0.3%) lived in non-institutionalized group quarters, and 6,772 (9.4%) were institutionalized.  It’s amazing that almost 10% of Folsom is in prison! 

The average household is 2.61 people and the average family size is 3.13 people. 

The median age in Folsom is 37.6 years.
Interestingly, for every 100 females age 18 and over, there are 117.9 males.  We can only assume this is partly because of the high male prison population, as well.

Folsom has 26,109 housing units.  69.9% of those are owner-occupied and 30.1% are rental units.  The homeowner vacancy rate is a low 1.9% and the rental vacancy rate is 5.2%.

Real estate values remain high because Folsom is a desirable place to live and work, yet the city’s master plan is almost full, with no easy places to build or add large communities.

Affluence
It was estimated in 2007) at the height of the real estate boom) that the median income in Folsom was $87,542 and the median household income was $109,032, both well over national average.  The cost of living was just as high, however, at 138% of the national average! 

Recent estimates show that Folsom’s affluence has diminished at all.  In the last census, the median household income was calculated at $94,642.

There are several factors that go into this – great local employers, access to Folsom Lake and other recreation areas, the city’s historic charm, good schools, and pricey real estate.  But Folsom is also a sought-after place to live because of its low crime rates.  In fact, the FBI Uniformed Crime Report consistently ranks Folsom as one of the lowest crimes rates in all of California, most of which are just property crimes, not violent crimes. 

Notable Residents
Jerry Horton, guitarist for Papa Roach
Cristina Mendonsa, News10 Anchor KXTV in Sacramento
Dmitry Tursunov, Tennis Player. Representing Russia in 2008 Olympics
Peter Camejo, Green Party Activist
John "Spider" Jorgensen, baseball player for the Brooklyn Dodgers and Jackie Robinson's teammate

Restaurants
Folsom has some of the region’s finest restaurants, with plenty of options for family dining, ethnic cuisine, and options to eat out on less-than a 5-star budget.  You can find all of Folsom’s restaurant’s and their ratings on Yelp.

Here are the top-rated restaurants in Folsom:
Chez Daniel
Visconti’s Ristorante
Folsom Palace
Saffron Grill
Thai Blossom Cuisine
Bidwell Street Bistro
Sutter Street Steakhouse
Manderes
Fat’s Asian Bistro
Back Wine Bar & Bistro

Jobs
Folsom is home to Sacramento’s largest private employer, Intel.  Intel employs 6,515 people there.  The second largest employer is the California State Prison, with 1,450 jobs, and the Verizon Wireless with 1,100.  Folsom State Prison employs 975 people and the Folsom Cordova Unified School District gives a paycheck to 875 people every month. 

Of the jobs sector, Folsom leads with management and business jobs, followed by service occupations, sales and office jobs, construction and maintenance, and finally, those employed in the transportation and moving sector.  Unemployment hovers around the 11% mark, consistent with most of California.   

Education and Schools
GreatSchools.org rates the Folsom school system at 9 out of 10, well above the national and California average.  You can see all of their school reports here.

Highlighted in the report are the:
Empire Oaks Elementary School - 10 out of 10 score.
Russell Ranch Elementary School – 10.
Sandra J. Gallardo Elementary School 10.
Carl H. Sundahl Elementary School – 9.
Folsom Community Charter School – 9.

Folsom is home to one institution of higher learning, Folsom Lake College.

Arts
The arts and music are alive and well in Folsom, with a vibrant artistic community that’s been compared to, “A little Sante Fe.”  There are plenty of art exhibits, musical shows, and street festivals for all to enjoy in Folsom.  The Ballet Folsom has a long tradition of beautiful performances, as does the Folsom Symphony.  The Hawkins School of Performing Arts trains plenty of Folsom resident and Folsom High School has an award-winning music program.  You can find out more at FolsomArts.org.

Recreation
Beautiful Folsom Lake is the city’s main recreation attraction, bringing swimmers, sunbathers, fishermen, and boaters almost daily in the summer.  The lake covers about 4.8 miles of surface area and runs Granite Bay to the most southern point of Folsom Lake.  Around the lake area, the Folsom Lake Recreation Area has been established as part of the California State Park System, with water covering 2/3 of the park’s surface.  Year-round, people can hike, picnic, camp, study nature, and ride horses in the recreation area.  Popular hiking trails include the American River Trail, Pioneer Express Trail, and Rattlesnake Bar-Horseshoe Bar Trail.

Folsom is the end point of the American River Bike Trail that runs all the way from Davis, California. 

Landmarks
The Folsom Powerhouse is a national historic landmark.  Folsom also boasts several notable bridges – Lake Natoma Crossing, Rainbow Bridge, a historic truss bridge, and Folsom Lake Crossing.  In 2011, a revitalization project completely revamped Folsom’s historic downtown, with museums, antiques and architecture form its past, and plenty of shops, restaurants, and charming amenities for the whole family. 

You can find out more about Folsom at the city’s website.  Or contact us any time for more information and how to buy, sell, or move to Folsom!