Skip to main content

Posts

Showing posts from December, 2012

Folsom / American River Canyon North Market Update - November 2012

Folsom Property Sales:   November property sales totalled 88, up 1.2% from 86 in November of 2011, and 11:5% higher than the 76 sales last month.  November 2012 sales were at their highest level compared to November 2011 and 2010.  November year-to-date (YTD) sales of 929 are running -1.2% behind last year's YTD sales of 940. Prices:   The Median Sales Price in November was $340,000, up 19.1% from $285,000 in November 2011 and down -4.9% from $357,500 last month.  The Average Sales Price in November was $345,258, up 15% from $300,297 in November of 2011 and down -6.4% from $368,854 last month.  November 2012 ASP was at a mid range compared to November 2011 and 2010. Inventory & Month's Supply of Inventory (MSI):   With 88 homes sold lasts month and 59 homes currently available in Folsom, we have less than a one month supply of available inventory.  Most sellers are still receiving multiple offers. Average Dollar Per Square Foot for Sold Homes: October 2011  -    $