FOLSOM MARKET REPORT - SEPTEMBER 2017

PROPERTY SALES:

              September property sales were 93, down -13% from 108 in September of 2016 and 4.5% higher than the 89 sales last month.

              September 2017 sales were at their lowest level as compared to September of 2016 and 2015.

              September YTD sales of 778 are running -9% behind last year’s year-to-date sales of 860.

 

PRICES:

              The median sales price in September was $525,000, up 17% from $448,750 in September 2016 and up 5% from $498,000 last month. 

              The average sales price in September was $537,408, up 14% from $469,913 in September of 2016 and up 4% from $516,957 last month.  September’s AVP was at it’s highest level as compared to September 2016 and 2015.

 

INVENTORY OF AVAILABLE HOMES:

              The total inventory of properties available for sale was 145, down -18% from 177 last month and down -15% from 172 in September of last year.                   

              There is currently a 1.6 months supply of inventory.

 

AVERAGE PRICE PER SQUARE FOOT FOR SOLD HOMES:

                             2017                   2016                   2015                   2014

January             248                      229                      210                      193

February           245                      232                      212                      217

March                246                      227                      215                      209

April                   262                      235                      222                      206

May                    263                      235                      222                      220

June                    254                      238                      219                      211

July                     254                      240                      225                      211

August               263                      248                      224                      218

Sept                    259                      237                      224                      215

October                                          242                      229                      213

November                                     249                      235                      216

December                                     238                      224                      210

 

STATS FOR SEPTEMBER 2017 w/PRICE RANGES:

Available Properties                  145                     $204,000          to               $1,490,000

Pending Sales                               118                      181,700             to              1,149,000

Short Sale Contingent               1                          449,000

Sold/Closed Escrow                    93                        240,000             to              1,125,000

 

NUMBER OF SOLD HOMES in SEPTEMBER per PRICE BRACKET:

$100,000’S       0                          $200,000’S       4                          $300,000’S               13

$400,000’S       21                        $500,000’S       32                        $600,000’S              10

$700,000’S       9                          $800,000’S       2                          $900,000’S               2

$1,000,000+     1

 

FOLSOM MARKET REPORT