The first homes in Folsom Ranch, the new development south of Hwy 50, will go on sale this Thursday. This is a momentous occasion for the city of Folsom, as planning for this began nearly 20 years ago. The city is also presently finalizing its General Plan, the first update since 1988. Folsom is certainly looking to the future, and as a local REALTOR I’ve been keeping my eye on these story-lines for some time.
Area residents have mixed feelings about Folsom Ranch, as it is a stark indication of urban sprawl and population growth. The total development, which includes nearly 12,000 new residential units and also devote 30% of the land to open space, will surely change Folsom and the surrounding communities. But how exactly remains to be seen.
Will traffic become maddeningly congested with 40,000 new residents? Will more employers flock to the area as a means of recruiting talent in a lower-cost alternative to the Bay Area? Will home values suffer as builders saturate the market with hundreds of homes for sale?
Again, the impacts are uncertain. For now, here’s what I can tell you…Taylor Morrison is opening their sales trailer this Thursday to sell their first community in Folsom Ranch, called Azure. The model homes won’t be built until September, but deposits will be taken and contracts signed immediately. Pricing will begin in the high 400,000s.
Our team is able to help you purchase and finance these and other new homes built in Folsom Ranch. If you’d like more information about the floor plans, the community, or the Folsom Ranch development at large, please give me a call. As a life-long Folsom resident, I’m excited about the changes ahead for our city and feel fortunate to be in a position to help educate my neighbors of our city’s future.
Matt Sundermier's Memos on Real Estate & on Life 