Property Sales:

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 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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