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Folsom Market Report - June 2017

Property Sales:

     June property sales were 114, down -20% from 143 in June 2016 and -8.8% lower than the 125 sales last month.
     June 2017 sales were at their lowest level as compared to June of 2016 and 2015.  
     June YTD sales of 475 are running -10.5% behind last year's year-to-date sales of 531.

Prices:
     The median sales price in June was $508,750, up 4.3% from $488,000 in June 2016 and up 2% from $499,000 last month.
     The average sales price in June was $539,304, up 8.1% from $498,851 in June of 2016 and up 3.4% from $521,738 last month.
     The June 2017 ASP was at it's highest level as compared to June of 2016 and 2015.

Available Inventory of Homes:
     The total inventory of properties available for sale as of  was 146, down -14.6% from 171 last month and down -24.4% from 193 in June of last year.
     Currently there is a 1.3 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                  246              227            215            209
April                     262              235            222            206  
May                     263              235            222            220
June                   254              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 June 2017:  
   Available Properties                  146             $289,000  - $1,299,000
   Short Sale Contingent                   6             $403,000 - $    575,000
   Pending Sales                           139             $183,000  - $1,259,000
   Sold/Closed                               114             $280,000  - $1,226,248


Number of Homes Sold in June per Price Bracket:

$100,000's - 0            $200,000's - 2            $300,000's - 9
$400,000's - 41          $500,000's - 34          $600,000's - 16
$700,000's - 6            $800,000's - 3            $900,000's - 1          
$1,000,000 - 2

FOLSOM MARKET REPORT

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