Sacramento Suburb to Expand 25,000 New Residence!

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As you drive highway 50 toward Lake Tahoe, the newer part of Folsom looms to the left/North… a mall, Costco, restaurant, and houses, houses, and more houses.  Juxtaposed to the South there is an expanse of open land…. a few trees, a pond, a cow…  Not for long – watch for construction equipment, sound walls, and about 11,000 new homes and apartments to be built.

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A recent SacBee article deals with some of the ramifications:

– Cost of housing

– Traffic and environmental issues

– Who might live in this area

Check it out HERE

For those who live in Sacramento, Folsom, or in the surrounding area, what are your thoughts?  And, how will this big change affect you?

Best,

Keith Klassen, Real Estate Broker – 916.595.7900

Specializing in Residential Sales & Property Management

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Reorganize Your Home Around Wellness!

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While Wabi-Sabi may be all the rage this year, I personally identify with (maybe some Swedish roots?) the “Lagom” design trend.  Which one do you like most?

See article HERE

Be well!

Keith Klassen, Real Estate Broker – 916.595.7900

Specializing in Residential Real Estate Sales & Property Management

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A new brewery I’ve been waiting for!

I can hear it now, “Another brewery!?”  That’s just what we need in Sacramento [insert sarcasm]!  In an era where breweries are the new pizza parlor… one on every corner, and one may wonder when the market will by saturated?  As for now, there seems to be no slowing down.  Urban Roots is poised to open this weekend, with a soft opening today and Friday, late afternoon.  It’s on my to-do list.  Oh and they have food!  Yay!  Not another brewery with a food truck!  Thank you soooo much.  While I understand the business of starting small and leading with revenue (aka, warehouse, beer tanks, picnick tables, corn hole/life-size jenga – we’ve all been there) … sometimes you just need to spend some money up front and do it right.  I know these guys have been dreaming and planning this venture for years.

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Shout out and big props to Rob Archie, owner of Pangaea, and Peter Hoey!  I’ve never met Peter, but know his name from back in the day when he was one of the only guys in Sacramento making legit beer.  I met Rob back when his shop was just serving coffee and muffins and he was catching flack from the old Coffee Garden for moving in on their territory.  I remember Rob asking, “What will set apart my business from others?”  His dream of a neighborhood, Italian cafe was coming to life, but something was missing.  We talked many times about this, and I cannot take the credit, but I believe I may have said, um, “How about serving beer?”  I’m sure many others said the same thing, proven by the continuous bustling patrons.  The rest is history!  A staple in Curtis Park and beyond.  Also we dreamt of having a wine bar next door… Instead he opened up the wall and dropped a better, specialty beer bar – great decision!

I have high hopes and encourage you to check out Urban Roots Brewery and Smokehouse. Will report on findings soon.

Check out the article in the SacBee here

Cheers,

Keith Klassen, Real Estate Broker – 916.595.7900

Specializing in Residential Sales and Property Management

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Millennials and Real Estate

I just read an interesting article about the Millennial generation.  To all those who consider themselves Millennials, let me know if you resonate with this article and sentiment – I’m interested in you input.

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A few highlights from this article:

  • Millennial buyers have increase 62% in the last 4 years
  • There’s a reason why Millennials are/were sheepish about buying – any guesses?  One word, The-Great-Recession-of-the-early-2000’s!  Guess what?  They have jobs now and want to buy some houses!  YAY!
  • “Sacramento is the 15th-toughest city in the country for first-time buyers to come up with a down payment. Six California cities rank in the top eight nationally, all coastal, led by Los Angeles and San Francisco.”  I thought this was an interesting statistic.  I’m thinking the wages in Sacramento have not quite caught up?
  • Builders are designing homes around Millennials – “experiential environments,” no more dens, bicycle storage areas, and pet-centric.
  • With a low inventory of houses on the market, buyers are experiencing multiple offers and are frustrated about getting beat out by cash offers.

The last one I can certainly confirm, however, I’ve had success in negotiating on behalf of my clients, knowing the market, and understanding people.  Give me a call and I can lend my expertise.

Read article here and let me know what you think.

Best,

Keith Klassen, Real Estate Broker – 916.595.7900

Specializing in Residential Real Estate Sales and Property Management

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Median home price highest since 2007 (beginning of recession)

 

Millennial are buying for the pie pets

Being out bid

 

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In a Heath-Conscious Climate, Bacon & Butter is on the Rise!

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If you are local and know the Sacramento food scene, the restaurant Bacon and Butter is on your radar.  They originally were in Midtown and then moved to Tahoe Park.  Some say the move to Tahoe Park was gutsy, taking a risk in an area that needed a pioneer such as B and B!  The only reason I don’t go there more often is due to the wait time to get a table.  If you haven’t been, then make it a point to go!

I just read about their announcement to open another location in the former Formoli’s Bistro location on J St, near 39th.  Maybe this will thin the crowds in Tahoe Park, or continue the hysteria.  Either way, good for them!

Check out the Sac Bee article discussing B & B’s next steps.  LINK TO ARTICLE HERE

Cheers!

Keith Klassen, Real Estate Broker – 916.595.7900

Specializing in Residential Sales and Property Management

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Solar Panels – No Longer Just an Option

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Remember when solar panels used to be for just for environmentally conscientious rich people?  Remember when the year 2020 was used in movies to depict the space age and far off future?  We may not have flying cars, but (at least in California) all new homes will have solar panels com 2020.  Yep, just a few years away!

Check out this article  which talks about the details.

In to the future and beyond,

Keith Klassen, Real Estate Broker – 916.595.7900

Specializing in Residential Real Estate Sales and Property Management

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The Looming Question… When is the Bubble going to Burst?

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This is a question that seems to be posed to me weekly – “How long do we have until the bubble bursts?” Many of my responses line up with this article I just read.  If you are in the financial or real estate industry, I’m curious about your thoughts on this issue.  I hate to just be a positive sales-guy and say the sky is NOT falling… as this article states, One of the remarkable things about the financial crisis is how quickly the bubble was inflated.

Let’s interact.

Keith Klassen – Real Estate Broker – 916.595.7900

Specializing in Residential Real Estate Sales & Property Management

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