FOLSOM MARKET UPDATE - May 2016
Property Sales:
May property sales were 100, up 6.4% from 94 in May of 2015, and 8.7% higher than the 92 sales last month.
May 2016 sales were at mid level as compared to May of 2015 and 2014.
May YTD sales of 386 are running -1% behind last year's year-to-date sales of 390.
Prices:
The Median Sales Price in May was $481,875, up 19% from $404,950 in May of 2015 and up 3.8% from $464,150 last month. Median = the same # of properties sold above & below the Median Price
The Average Sales Price (ASP) in May was $491,354, up 14.7% from $428,444 in May of 2015 and up 2.2% from $481,005 last month.
The Average Sales Price (ASP) in May was $491,354, up 14.7% from $428,444 in May of 2015 and up 2.2% from $481,005 last month.
The May ASP was at it's highest level as compared to May of 2015 and 2014.
Inventory & Month's Supply of Inventory:
The total inventory of properties available for sale as of May was 147, down 3.9% from 153 last month and down -24.6% from 195 in May of last year.
Currently, there is a 1.5 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 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 May 2016:
Properties for Sale w/o Short Sale Contingent: 147 $229,900 - $1,450,000
(179 in May 2015)
Short Sale Contingent / Pending Lender Approval: 14 $250,000 - $1,010,000
(13 in May 2015)
Pending Sales: 168 $189,000 - $1,599,000
(157 in May 2015)
Sold in May 2016 100 $212,500 - $1,010,000
(94 in May 2015)
May Sold Homes by # of Units Per Price Bracket:
$100,000's - 0 $200,000's - 5 $300,000's - 19
$400,000's - 30 $500,000's - 28 $600,000's - 12
$700,000's - 4 $800,000's - 0 $900,000+ - 2
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