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.

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