Folsom - March Market Update
FOLSOM
Property Sales:
March property sales were 98, up 24.1% from 79 in March of 2015, and 104.2% higher than the 47 sales last month.
March 2016 sales were at their highest level as compared to March of 2015 and 2014.
March YTD sales of 193 are running 2.1% ahead of last year's year-to-date sales of 189.
Prices:
The Median Sales Price in March was $455,916, up 5.5% from $432,000 in March of 2015 and up 1% from $451,392 last month. Median means Middle (the same # of properties sold above & below Median).
The Average Sales Price (ASP) in March was $465,010, up 4.6% from $444,736 in March of 2015 and down -0.2% from $465,887 last month.
The March ASP was at it's highest level as compared to March of 2015 and 2014.
Inventory & Month's Supply of Inventory:
The total inventory of properties available for sale as of February was 127, up 18.7% from 107 last month and down -22.1% from 163 in March of last year.
Currently, there is a 1.3 month supply of inventory.
Average Dollar Per Square Foot - Sold Homes:
2016 2015 2014
Jan $229 $210 $193
Feb 232 212 217
March 227 215 209
April 222 206
May 222 220
June 219 211
July 225 211
Aug 224 218
Sept 224 215
Oct 229 213
Nov 235 216
Dec 224 210
Stats for March 2016:
Properties for Sale w/o Short Sale Contingent: 127 $279,900 - $1,595,000
(138 in March 2015)
Short Sale Contingent / Pending Lender Approval: 7 $265,000 - $ 525,000
(17 in March 2015)
Pending Sales: 129 $187,500 - $1,599,000
(129 in March 2015)
Sold in February 2016 98 $107,000 - $1,085,000
(75 in March 2015)
November Sold Homes by # of Units Per Price Bracket:
$100,000's - 2 $200,000's - 7 $300,000's - 18
$400,000's - 35 $500,000's - 25 $600,000's - 6
$700,000's - 3 $800,000's - 1 $900,000+ - 1
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