Folsom homes for sale: What the real estate market looks like this April 4, 2011

Here is your quick Monday morning rundown on the current real estate market in Folsom and houses for sale here. These numbers reflect properties listed by a variety of broker members of our local Multiple Listing Service, MetroList. Distressed properties currently account for 60% of homes listed for sale in Folsom.

The numbers for all homes for sale (including short sales and bank-owned homes or REOs)

·         390—number of homes for sale

·         $293,500—median price of homes for sale

·         97—average days on the market

·         $163—average price per square foot

The numbers for the short sale listings:

·         195—number of short sales on the market

·         $275,000—median listing price

·         120—average days on the market

·         $153—average price per square foot

The numbers for the REO listings:

·         39—number of short sales on the market

·         $259,900—median listing price

·         45—average days on the market

·         $149—average price per square foot

Best real estate deal in Folsom today as of the time of this posting? If you go on a price per square foot basis that would be a 4 bed/2 bath home in Natomas Height going for $101 a square foot.

These numbers were pulled this morning from MetroList, our local multiple listing service, and reflect listings by various MLS broker members. all4now