Property Sales:
December property sales were 77, down -1.3% from 78 in December of 2015, and -3.8% lower than the 80 sales last month.
December 2016 sales were at mid level as compared to December of 2015 and 2014.
December YTD sales of 1,094 are running -1.2% behind last year's year-to-date sales of 1,107.
Prices:
The Median Sales Price in December was $492,000, up 11.3% from $441,868 in December of 2015 and up 8.5% from $453,500 last month. Median = the same # of properties sold above & below the Median Price
The Average Sales Price (ASP) in December was $504,033, up 8% from $466,829 in December of 2015 and up 3.7% from $485,841 last month.
The Average Sales Price (ASP) in December was $504,033, up 8% from $466,829 in December of 2015 and up 3.7% from $485,841 last month.
The December ASP was at it's highest level as compared to December of 2015 and 2014.
Inventory & Month's Supply of Inventory:
The total inventory of properties available for sale as of December was 66, down -40% from 110 last month and down -29% from 93 in December of last year.
Currently, there is a 0.9 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 235 222 206
May 235 222 220
June 238 219 211
July 240 225 211
Aug 248 224 218
Sept 237 224 215
Oct 242 229 213
Nov 249 235 216
Dec 238 224 210
Stats for December 2016:
Properties for Sale w/o Short Sale Contingent: 59 $319,000 - $1,430,000
(73 in Dec 2015)
Short Sale Contingent / Pending Lender Approval: 5 $403,000 - $ 699,000
(19 in Dec 2015)
Pending Sales: 57 $229,900 - $1,225,000
(61 in Dec 2015)
Sold in December 2016 77 $161,000 - $ 945,000
(73 in Dec 2015)
November Sold Homes by # of Units Per Price Bracket:
$100,000's - 2 $200,000's - 5 $300,000's - 13
$400,000's - 20 $500,000's - 20 $600,000's - 9
$700,000's - 7 $800,000's - 1 $900,000+ - 1
FOLSOM MARKET REPORT (Click link to view report)
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