Folsom - March Market Update

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

FOLSOM MARKET REPORT

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