American River Canyon North / Folsom Market Update

Sit back and enjoy! 319 American River Canyon Drive, Folsom CA 95630, USA - Virtual Tour

Fast Facts Calif. median home price : March 2012: $291,080 (Source: C.A.R.) Calif. highest median home price by region/county March 2012: San Mateo, $677,900 (Source: C.A.R.) Calif. lowest median home price by region/county March 2012: Tehama, $108,000 (Source: C.A.R.) Calif. Pending Home Sales Index : March 2012: 143.7, an increase from the revised 126.5 recorded in February. Calif. Traditional Housing Affordability Index : First quarter 2012: 56 percent (Source: C.A.R.)

FOLSOM:   The under $450,000 market continues to see multiple offers and low numbers of available homes.  Offers to purchase slow down over the $450,000 price point, but this has been a very active spring in the Folsom real estate market.  Buyer traffic has been good in all price ranges and many buyers are ready to make offers.  The number sales in the $400,000 to $600,000 is up substantially over past months.  There currently is a 1.5 month supply of available homes in Folsom which indicates an increasing overall trend. Housing Stats for April 2012* Current Properties for Sale                213       Price Range:  $90,000 - $1,150,000 Properties Sold in March                     71                              $90,000 - $960,000 Properties Sold in April                       92                              $75,000 - $734,000 April Sold Homes by number of units in each price bracket: $100,000's - 14          $200,000's - 31          $300,000's - 20 $400,000's