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Showing posts from November, 2012

Folsom / American River Canyon North Market Update - October 2012

FOLSOM Property Sales:   October property sales totalled 76, up 10.1% from 69 in October 2011 and 2.7% higher than the 70 sales last month.  October year-to-date (YTD) sales of 839 are running -1.8% behind last year's YTD sales of 854. Prices:   The Median Sales Price in October was $360,000, up 20% from $300,000 in October 2011 and up 6.7% from $337,500 last month.  The Average Sales Price (ASP) in October was $371,929, up 18.6% from $313,574 in October 2011 and up 3.3% from $359,917 last month.  October's ASP was at it's highest level compared to October 2011 & 2010. Inventory & Month's Supply of Inventory (MSI):    With 76 homes sold last month and 73 homes currently available in Folsom, we have less than a one month supply of available inventory.  Most sellers are receiving multiple offers. Average Dollar Per Square Foot for Sold Homes: September 2011 -  $155          September 2011 - $168 October 2011 -  $156              October 2012 - $169 Sta