FOLSOM
Property Sales:
February property sales were 47, down -24.2% from 62 in February of 2015, and unchanged from 47 sales last month.
February 2016 sales were at their lowest level as compared to February of 2015 and 2014.
February YTD sales of 94 are running -14.5% behind last year's year-to-date sales of 110.
Prices:
The Median Sales Price in February was $452,784 up 5.8% from $428,000 in February of 2015 and up 3.2% from $438,900 last month. Median means Middle (the same # of properties sold above & below Median).
The Average Sales Price (ASP) in February was $467,949, up 8.5% from $431,446 in February of 2015 and up 2.6% from $456,101 last month.
The February ASP was at it's highest level as compared to February of 2015 and 2014.
Inventory & Month's Supply of Inventory:
The total inventory of properties available for sale as of February was 87, unchanged from last month and down -46% from 161 in February of last year.
Currently, there is a 1.9 month supply of inventory.
Average Dollar Per Square Foot - Sold Homes:
2016 2015 2014
Jan $229 $210 $193
Feb 232 212 217
March 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 February 2016:
Properties for Sale w/o Short Sale Contingent: 87 $279,900 - $1,595,000
(135 in February 2015)
Short Sale Contingent / Pending Lender Approval: 9 $265,000 - $ 625,000
(13 in February 2015)
Pending Sales: 119 $107,000 - $1,599,000
(105 in February 2015)
Sold in February 2016 47 $232,500 - $ 889,900
(60 in February 2015)
November Sold Homes by # of Units Per Price Bracket:
$100,000's - 0 $200,000's - 3 $300,000's - 9
$400,000's - 24 $500,000's - 5 $600,000's - 1
$700,000's - 3 $800,000's - 2 $900,000+ - 0
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