Folsom Real Estate Market Snapshot for Sept. 28 2011

Here is a quick rundown for Folsom real estate this a.m.:

• Total number of Folsom homes for sale in our multiple listing service: 320 -- median sales price: $305,000
• Number of foreclosures for sale: 21 -- median sales price: $260,000
• Number of short sales for sale: 195 -- median sales price: $298,176
• Number of regular sales (i.e., not distressed): 104 -- median sales price: $367,000

So 67.5% of the homes on the market currently in Folsom are distressed sales. Sad comment on the state of our real estate market but opportunities for buyers price-wise, although the inventory remains very tight.

all4now

Home ownership still part of the American Dream

Despite the onslaught of dire real estate news we've been getting via local media or the Sacramento Bee, confidence in the value of homeownership is still strong. Real estate search portal Trulia just released its biannual survey and found that 80% of homeowners plan to buy another home and that the survey participants see homeownership and placing money in a 401(k) or other retirement account, as the best long-term investments. One significant part of the American Dream is still alive and well!
all4now

Folsom Home Sales, September 1-15, 2011

Here are the recent Folsom home sales, as recorded by our local multiple listing service, MetroList, during the first 15 days of September. These properties were listed and sold by various broker members in MetroList.

Address	Sold for	Sq Ft	Date sold	DOM
155 Pierpoint Cir	$129,500	1,207	9/6/2011	129
1301 Ferry Cir #101	$160,000	1,139	9/12/2011	84
117 Henderson Way	$180,000	1,641	9/8/2011	269
204 Blossom Rock Ln #28	$196,000	1,234	9/7/2011	191
100 Perraud Dr	$198,000	1,262	9/14/2011	16
105 Casselman St	$200,000	1,517	9/9/2011	184
751 Diamond Glen Cir	$205,000	1,285	9/15/2011	14
152 Arbuckle Ave	$211,000	1,279	9/9/2011	200
106 Janewood Ct	$216,900	1,324	9/2/2011	49
512 Vessona Cir #512	$220,000	1,728	9/9/2011	7
124 Sombrero Way	$249,900	1,479	9/8/2011	91
1703 Ballou Cir	$249,900	1,905	9/9/2011	55
433 N Lexington Dr	$255,000	1,577	9/9/2011	14
1274 Knopfler Cir	$255,000	1,782	9/2/2011	120
130 Perraud Dr	$265,000	1,504	9/2/2011	19
191 Silberhorn Dr	$282,000	1,757	9/9/2011	36
328 Lone Spur Dr	$284,400	1,468	9/13/2011	8
125 Arbuckle Ave	$289,950	1,775	9/2/2011	27
123 Cobble Ridge Dr	$297,000	1,938	9/1/2011	2
997 Carter St	$300,000	2,231	9/15/2011	100
102 Winterstein Dr	$310,000	1,891	9/2/2011	16
131 Marble Canyon Dr	$315,000	2,113	9/7/2011	7
1736 Dunkeld Ln	$319,000	1,688	9/14/2011	15
207 Silberhorn Dr	$320,000	1,939	9/1/2011	400
113 Triff Ct	$325,000	2,676	9/1/2011	116
976 Dolan Ct	$350,000	1,878	9/14/2011	4
1093 Smith Way	$355,000	2,689	9/2/2011	0
816 Halidon Way	$367,000	2,090	9/8/2011	151
1225 Meredith Way	$385,000	2,436	9/2/2011	19
121 Penwood Ln	$389,900	2,426	9/9/2011	15
733 Bluestone Cir	$425,000	3,234	9/15/2011	130
1545 Parkway Dr	$425,000	2,300	9/13/2011	4
105 MCDERBY Ct	$428,000	3,511	9/14/2011	94
120 Briggs Ranch Drive	$430,000	2,585	9/7/2011	38
417 Catterline Way	$465,000	3,272	9/8/2011	136
206 Marsh Hawk Dr	$470,000	2,780	9/8/2011	6
307 Fitchburg Sqr	$560,000	2,805	9/2/2011	4
109 Allerton Ct	$650,000	3,410	9/9/2011	238
331 Tobrurry Way	$780,000	4,400	9/2/2011	192

DOM= Days on Market

If you would like more details about any of the above home sales or if you are wondering about another recent sale or any current homes for sale in Folsom, drop me a line and I’ll look it up for you! Also, please verify all information independently before making a decision based on the above information.  all4now

What do August Folsom home sales tell us about the market

The number of Folsom homes that went into escrow last month climbed again after a short July dip, according to the August 2011 home sales statistics just released by Trendgraphix—a real estate market research company—that provides, among other things, some detailed monthly data on real estate markets by zip code.

The number of homes that went pending, 116, continued (with the exception of July) an upward swing that started back in December 2012. That number represents a 111% increase over a year ago! And keeping in step with that was the number of homes that sold in August (72), up 44% from a year ago. The less good news is that the average price per square foot (down 6.8%) and the average sold price (down 14.5%) were both down from a year ago.

Here is a quick look at the August 2011 numbers for homes sold in Folsom:

·         Average price per square foot: $155

·         Average days on market: 80

·         Months' Inventory on sold: 2.4

·         Average Sold Price: $324K

·         Total homes sold: 72

Some good news for Folsom home buyers is that the inventory is up to 2.4 months after hitting a low of 1.8 three months ago, although that is still down 52% from a year ago.

I’ve included the graph showing the number of homes for sale, sold, and pended for each month from August 2010 to August 2011. These numbers are specifically for single family residences. Just drop me a line if you would like to see the numbers for a different kind of property (i.e., condo, lot, income property etc.), and I’ll get those to you, no obligation and with a smile!

That’s it for today’s wrap up of the Folsom real estate market numbers for August 2011. Interested in numbers for another zip code? Just let me know and I’ll send them offline.

all4now