Folsom Real Estate Market Update
Posted by John Lockwood on December 14th, 2006
This is Helen. Eep… I’m not that good of a blogger, so go easy on me. 0o
I am going to talk about the sales price last year and this year, but I’m not sure about what the heck was going on so I’ll just give you the rough facts. My dad, who’s a broker, actually published it so it’s all legal. [But as always, information is based on multiple sources and is believed accurate but has not been verified.]
Turning now to eastern Sacramento County for a moment, in Folsom for November, the average list price increased by 1.6% from last year. Last year’s average list price was $530,257, while this year the average was $538,525. At the same time, the average selling price dropped by 1.3%, as it was $524,496 last year and is now $517,550. The median selling price dropped by 3.7%, as it was exactly $500,000 last year and is now $481,750. The average square feet increased by 8.3%; 1997 last year and 2162 this year. The days on market increased by 74.2%, which was 31 last year and 54 this year. The number of houses sold dropped by 25.4%, 67 last year and 50 this year. The number that expired this year was 41. The number of houses for sale right now is 393.