Property Sales:

Property Sales:

 February property sales were 42, down -12.5% from 48 in February of 2016, and equal to the 42 sales last month.

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

  February YTD sales of 84 are running -11.6% behind last year's year-to-date sales of 95.

Prices:

  The Median Sales Price in February was $477,500, up 5.8% from $451,392 in February of 2016 and up 3.4% from $462,000 last month.  Median = the same # of properties sold above & below the Median Price
  The Average Sales Price (ASP) in February was $487,618, up 4.7% from $465,887 in February of 2016 and up 2.5% from $475,804 last month.

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

Inventory & Month's Supply of Inventory:

  The total inventory of properties available for sale as of February was 81, down -11% from 91 last month and down -25% from 108 in February of last year.

  Currently, there is a 1.9 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:

                2017             2016            2015            2014                                

Jan          $248            $229             $210            $193

Feb           245              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 February 2017:

  Properties for Sale w/o Short Sale Contingent:                81   $289,900   -  $1,349,000

    (108 in Feb 2016)

  Short Sale Contingent / Pending Lender Approval:           7    $368,000  -   $   699,000

    (9 in Feb 2016)

  Pending Sales:                                                                     96    $184,900  -   $1,125,000

    (119 in Feb 2016)

  Sold in December 2016                                                        42    $197,500  -   $  949,000

    (48 in Feb 2016)

February Sold Homes by # of Units Per Price Bracket:

   $100,000's - 1          $200,000's - 2          $300,000's - 6

   $400,000's - 18        $500,000's - 9          $600,000's - 3

   $700,000's - 1          $800,000's - 1          $900,000+ - 1

FOLSOM MARKET REPORT (Click link to view report)

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