Folsom Market Report - April 2016

Property Sales:

 April property sales were 88, down -17.8% from 107 in April of 2015, and -11.1% lower than the 99 sales last month.

  April 2016 sales were at their lowest level as compared to April of 2015 and 2014.

  April YTD sales of 282 are running -4.7% behind last year's year-to-date sales of 296.

Prices:

  The Median Sales Price in April was $461,150, up 6% from $435,000 in April of 2015 and up 0.3% from $460,000 last month.  Median means Middle (the same # of properties sold above & below Median).

  The Average Sales Price (ASP) in April was $481,267, up 4.6% from $460,261 in April of 2015 and up 3.4% from $465,515 last month.

  The March ASP was at it's highest level as compared to April of 2015 and 2014.

Inventory & Month's Supply of Inventory:

  The total inventory of properties available for sale as of April was 140, up 1.4% from 138 last month and down -20.5% from 176 in April of last year.

  Currently, there is a 1.6 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        244             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 April  2016:

  Properties for Sale w/o Short Sale Contingent:                 140  $189,000   -  $1,450,000

    (103 in April 2015)

  Short Sale Contingent / Pending Lender Approval:            12  $250,000  -   $1,100,000

    (14 in April 2015)

  Pending Sales:                                                                       14  $224,000  -   $1,599,000

    (92 in April 2015)

  Sold in February 2016                                                           89  $183,500  -   $1,050,000

    (95 in April 2015)

November Sold Homes by # of Units Per Price Bracket:

   $100,000's - 2          $200,000's - 5          $300,000's - 16

   $400,000's - 34        $500,000's - 20        $600,000's - 4

   $700,000's - 4          $800,000's - 1          $900,000+ - 2

FOLSOM MARKET REPORT

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