What is Happening with the Housing Market in Granite Bay?

Is it a sellers market in Granite Bay?
Are the home prices going up or down?
How much inventory do we have?
Is this a good time to buy?


Check out the graphs below to help you answer these questions.

Home at 8903 Weatherby Court in Granite Bay close to Folsom Lake

This home is currently on the market for $505,000 MLS # 12049428
8903 Weatherby Court, Granite Bay, Ca 95746



How is the housing inventory in Granite Bay?




Granite Bay Trends from May, 2011 to July 2012

May, 2011 July, 2012
Average Active Price $904,000 $962,000
Average Sold Price $636,000 $598,000
Average Square Foot Price $182,000 $188,000
Days on Market 70 52
Sold 21 34











Yes, the housing market is changing. Interest rates are still very low. Prices are inching up. Inventory is low.
What do you think? Is this the time to buy?

For all your real estate needs, give Pam McCoy a call 916.865.8759
Coldwell Banker Real Estate
2270 Douglas Boulevard
Granite Bay – Roseville, Ca 95661

*All reports are published Aug. 2012, based on data available at the end of Jul. 2012.
All reports presented are based on data supplied by the Metrolist MLS. The Metrolist MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Metrolist MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Home for Entertaining in Granite Bay

Living room with fireplace


Off of the spacious entry way, is this cozy living room complete with a fireplace.

Did you say you like to entertain? Check out the bar between the living room and dining room! Perfect place to serve cocktails and appetizers.

Home close to Folsom Lake in Granite Bay

With the wood floors throughout most of the downstairs, you will find this home easy to maintain.

Don’t forget to throw some wood in the fireplace.

After you tour the inside, you will want to be sure to check out the backyard in addition to the trail to Folsom Lake.

Give Ladon Mellen 916.765.1787 or Pam McCoy 916.865.8759 a call today and say “Show me the home for sale in Granite Bay.”

Coldwell Banker Real Estate
2270 Douglas Boulevard
Granite Bay – Roseville, CA 95661

This Entry is Calling “Home!”

Entryway is Inviting to guest at 8903 Weatherby Court in Granite Bay


As you enter this home through the double doors, you will find an inviting large entry way that definitely screams “Welcome!” … I can see a Christmas tree placed here to welcome your guest during the holidays!

The hardwood floors continue throughout the downstairs including the living room, dining room, kitchen and family room.

The staircase off of the spacious entry way leads to the master suite and an additional bedroom. (Don’t forget to check out the office in the Master Bedroom!)

Home close to Folsom Lake in Granite Bay


Stairway to heaven. Ok, stairway to the Master bedroom, bathroom and office.

Oh, there is also an additional bedroom up here. You will want to come and check it out! Use your imagination. The bedroom could be used for a nursery, office, exercise room, craft room…

Did you notice the double doors into the inviting entry way? This entry is calling “Home!” 8903 Weatherby Court, Granite Bay, CA 95746

Are you biting at the bit to see this house? Call your favorite agent today. Don’t have a favorite agent? Call us…we can help! Ladon Mellen 916.765.1787 Pam McCoy 916.865.8759 Dennis Mae 916.987.3726

Home is where you hang your heart!
Pam McCoy
Coldwell Banker Real Estate
2270 Douglas Boulevard
Granite Bay – Roseville, CA 95661

Minutes from Folsom Lake is 8903 Weatherby Court

Home at 8903 Weatherby Court in Granite Bay close to Folsom Lake


Minutes to Folsom Lake you’ll find this lovely home, a perfect place for those with an active lifestyle with room to park your boat and RV. Access through the backyard to a walking trail leading to Folsom Lake.

Do you like to entertain? Downstairs of this home calls for a party! Plenty of open space for your guests to mingle. A spacious kitchen complete with granite counters offers plenty of natural light through the large window over the sink.

A door leads to the bar where you can fix your company drinks or better yet, hire a bartender.

A wing with 2 bedrooms, a bathroom and access to the outside, would be perfect for mother-in-law quarters, teenagers or college kids, or a place for overnight guests.

Upstairs you will find plenty of space including your own private balcony, fireplace, and large master bathroom. Don’t forget to check out the office tucked away in the Master.

You will want to see this home soon! Oh, by the way, it has newer carpet and composition roof, too!

Call Pam McCoy, Realtor®
916.865.8759
Coldwell Banker
2270 Douglas Boulevard
Roseville, Ca 95661

Is a Reverse Mortgage the Same as a Equity Line of Credit?

An Equity Line of Credit is not the same as a Reverse Mortgage.

An Equity Line of Credit depends on:

  • Loan to Value.
  • Income.
  • Does not matter age of borrower.
  • Needs to be paid back on a monthly basis.

A Reverse Mortgage.

  • 50-60% of the home value may be borrowed with a Reverse Mortgage.
  • As long as guidelines are being followed, a Reverse Mortgage does not have to be paid back until the home is sold.
  • A borrower must be 62 or older.
  • Qualifications does not look at credit score.
  • Qualifications does not look at employment income.
  • Need to pay back when the property is sold.
  • Loan is insured.

A Reverse Mortgage does not get paid back until the time of sell of the property.

Please check with a Professional Reverse Mortgage Advisor and your Tax Advisor for specific details regarding a Reverse Mortgage.

I hope you enjoy this video series about Reverse Mortgages. If you have any other questions, please feel free to contact us:
Gennaro Faiola, Reverse Mortgage Advisor 916.216.1140
Pam McCoy, Realtor® 916.865.8759

Your Senior Real Estate Specialists (SRES),
Pam McCoy serving Folsom, Granite Bay, Roseville and surrounding areas

Keep Your Home California

If you are struggling to make your mortgage payments and keep your home, Keep Your Home California may be able to help. This is a state run program.

This program may help those who are having an economic hardship like lost of job.

There are several eligibility requirements to participate in Keep your Home California’s program.

If you have questions about financing, selling or purchasing a home, we are here to help you.

Call us today.
916.865.88759

Coldwell Banker Home Buyer Guide

Coldwell Banker Home Buyer’s Guidebook

At Coldwell Banker Residential Brokerage, we will take care of all your home buying needs. Not only will we show you different communities and homes but when you get ready to put an offer in, we will negotiate on your behalf.

Happy shopping!

Pam McCoy
916.865.8759

Over 62? A Reverse Mortgage May be Used to Purchase Your Next Home

A Reverse Mortgage may be used to purchase your next home.

  • If you are over 62, you may purchase a home using a Reverse Mortgage.
  • Your age will determine the percentage you may borrow using a Reverse Mortgage.
  • Do not have to qualify for this loan with credit score or employment history.
  • No monthly payment as long as you adhere to FHA guidelines

A home buyer may borrow between 50-60% of the home value depending on age.

Interest Rates and cost of loan is regulated by FHA and HUD.

You will still own your home when you take out a Reverse Mortgage.

I hope you enjoy this video series about Reverse Mortgages. If you have any other questions, please feel free to contact us:
Gennaro Faiola, Reverse Mortgage Advisor 916.216.1140
Pam McCoy, Realtor® 916.865.8759

Your Senior Real Estate Specialists (SRES),
Pam McCoy serving Folsom, Granite Bay, Roseville and surrounding areas

Seniors Look at Reverse Mortgages – Do I Still Own My Home?

Do I still own my home when I take out a Reverse Mortgage?

Yes, you still will own your home when you take out a Reverse Mortgage. This is a common misconception with a Reverse Mortgage.

Will I have a lien on my property?

Yes, you will have a lien on your property like any other home loan. Once the lien is paid, you will have full ownership of the home. The difference between a Reverse Mortgage and a regular home loan is you do not have to pay off a Reverse Mortgage as long as you follow the FHA and HUD guidelines.

I hope you enjoy this video series about Reverse Mortgages. If you have any questions, please feel free to give me a call 916.865.8759 or email me. Did you know that you can purchase a home using a Reverse Mortgage?

Your Senior Real Estate Specialist (SRES),
Pam McCoy, Realtor®

Folsom Housing Market – Only One Month of Inventory

Check out this graph…

Only one month of inventory is available!
We have home buyers.
We NEED more home sellers.

Have you been thinking about selling your home?

Now may be the time.

Do you know what your home is worth?

Give me a call and I would be happy to do a free home market analysis.

Your Coldwell Banker Real Estate Agent,

Pam McCoy
916.865.8759

7 Reasons to Own Your Own Home

  • Tax Breaks. According to the U.S. Tax Code, you may deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in purchasing your home.
  • Appreciation. History shows the long-term, stable growth value of home ownership. Yes, there may be year-to-year fluctuations. Median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005 according to the National Association of Realtors®. The number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.
  • Equity. When you pay rent, you are putting out money that you will never see again. When you pay mortgage payments, you are building equity in your home.
  • Savings. Building equity in your home is a ready-made savings plan. As you get older you may get a reverse mortgage where you can use the equity of your home awhile still living there.
  • Predictability. You will always know what your payments are. Unlike rent that may be increased from year to year. Property taxes and insurance cost may increase though.
  • Freedom. Paint, remodel and decorate however you want. The home is yours!
  • Stability. Build lasting friendships and participate in community activities.
  • It is time to buy that home you have been dreaming about! Call me today! 916.865.8759

    Your Realtor®,
    Pam McCoy, e-PRO

Sacramento Area’s Housing Market Continues to Bounce Back

Coldwell Banker yard signAs the Sacramento area’s housing market continues to bounce back from the recession, more and more buyers have decided they can’t wait any longer – now is the time to get back into the market to find their next home.

While the real estate market still has its challenges, things are very different today than they were in 2009, 2010 and even early last year. Buyers are generally more optimistic about the future, ready to purchase, much better qualified for a loan and, in many cases, are paying big down payments or even all cash for their next home.

Indeed, the scales of supply and demand are once again moving back in the direction of home sellers after being out of balance for several years. While countless buyers are out there pounding the pavement for a home, the problem now is that there just aren’t enough sellers to meet the demand in many communities.

As the economy continues to improve and with a shortage of attractive properties in good neighborhoods, buyers are once again paying good prices for properties rather than simply looking for distressed homes at bargain basement prices. And in some cases, properties are even getting multiple offers, driving up the sale price above the asking price.

So if you’ve been thinking about selling your home, now may be an ideal time to do so while buyers are eager, interest rates are still low and there isn’t as much competition from other sellers as there usually is this time of year.

Should you be interested in buying or selling a home or would just like to know what your home is worth in today’s market, please give me a call. I can help! 916.865.8759

Your Folsom-Granite Bay agent,

Pam McCoy, e-PRO