Property Sales:

Property Sales:

 January property sales were 41, down -12.8% from 47 in January of 2016, and -50% lower than the 82 sales last month.

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

  January  YTD sales of 41 are running -12.8% behind last year's year-to-date sales of 47.

Prices:

  The Median Sales Price in January was $465,000, up 5.9% from $438,900  in January of 2016 and down -5.1% from $490,000 last month.  Median = the same # of properties sold above & below the Median Price
  The Average Sales Price (ASP) in January was $478,080, up 4.8% from $456,101 in January of 2016 and down - 4.1% from $498,543 last month.

  The January ASP was at it's highest level as compared to January of 2016 and 2015.

Inventory & Month's Supply of Inventory:

  The total inventory of properties available for sale as of January was 84, up 16.7% from 72 last month and down -17.6% from 102 in January of last year.

  Currently, there is a 2 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:

                2017             2016            2015            2014                                

Jan          $248            $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 January 2017:

  Properties for Sale w/o Short Sale Contingent:                76    $310,000   -  $1,299,000

    (77 in Jan 2016)

  Short Sale Contingent / Pending Lender Approval:           5    $368,000  -   $   699,000

    (9 in Jan 2016)

  Pending Sales:                                                                     70    $205,000  -   $1,599,000

    (89 in Jan 2016)

  Sold in December 2016                                                        41    $229,000  -   $1,185,000

    (47 in Jan 2016)

November Sold Homes by # of Units Per Price Bracket:

   $100,000's - 0          $200,000's - 3          $300,000's - 10

   $400,000's - 12        $500,000's - 11        $600,000's - 1

   $700,000's - 3          $800,000's - 0          $900,000+ - 3

FOLSOM MARKET REPORT (Click link to view report)

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