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Showing posts from October, 2012

Folsom / American River Canyon North Market Update for September 2012

FOLSOM: Property Sales:   September property sales were 70, down -32.7% from 104 in September of 2011 and -28.6% lower than the 93 sales last month.  September year-to-date (YTD) sales of 759 are running -3.3% behind last year's YTD sales of 785. Prices:   The median Sales Price in September was $337,500, up 13.1% from $298,500 in September of 2011 and up .06% from $335,500 last month.  The Average Sales Price in September was $360,569, up 13.3% from $318,211 in September of 2011 and up 7.2% from $336,322 last month. Inventory & Month's Supply of Inventory (MSI):   With 71 homes sold last month and only 63 available homes in Folsom we have less than a one month supply of available inventory.  Many sellers in Folsom under the $450,000 and under price range are still receiving multiple offers on their homes.  Average Dollar Per Square Foot for Sold Homes: August 2011 -         $153               August 2012 -      $161 September 2011 -   $155               September