Folsom December 2010 Market Stats Up and Down

Today it's my monthly review of what the Folsom real estate market looked like last month, December 2010. Whether you are a home buyer or seller, I believe that the better informed you are the better your real estate decisions will be. So here goes.

As you'll see in the graph above, provided by TrendVision, in December, 238 homes were listed for sale in Folsom (that's for single family residences, if you want the numbers for condos, just drop me a line). That number was down slightly from November 2010 and up a whopping 55.6% from December 2009. Some 61 homes were sold in December, just one down from the previous month but down almost 13% from December '09. However, a big uptick on the number of homes that went pending (i.e., went into escrow): 83 homes in December 2010, up 45.6% from December '09, and up 22.1% from November 2010.

Price per square foot: In December 2010, the average price per square foot of homes sold was $162, that was slightly down from November ($164) and down 5.6% from December '09.

Average cumulative days on market: In December the average cumulative days on market was 96, up 33.3% from December '09.

Months' Inventory: In December, the months of inventory we had in Folsom was 3.9 months, continuing a downward trend from the high of 5.8 months in September but still well above the 2.2 months' of inventory we had a year ago.

And, finally, the big money question:
Median Sales Price: The median sales price in December 2010 was $320,000, down 13% from a year ago.

So there you go a quick snapshot of what the real estate market is doing in Folsom. all4now

Recent Home Sales in Lexington Hills, Aug. 2010-Jan. 2011

Today, I decided to take a look at home sales in the past six months in Folsom’s Lexington Hills neighborhood. Following are the specifics of the 19 sales recorded since August 2010 by MetroList and the stats for those sales. The first numbers after the street address are the number of bedrooms, followed by the number of bathrooms. If you’d like more specifics about any of these sales, just drop me a line and I’ll get you that quickly.

Ø  406 S Lexington Dr, 4/3, 2452 sq ft, $285K

Ø  104 Silberhorn Dr, 3-4/2, 1639 sq ft, $290K

Ø  353 Prewett Dr, 3/2, 1757 sq ft, $292K

Ø  128 Silberhorn Dr, 4/3, 2426 sq ft, $306K

Ø  109 Ainsworth Way, 3/3, 1742 sq ft, $309,900

Ø  445 N Lexington Dr, 2/3, 1742 sq ft, $320K

Ø  128 Taunton Way, 4/3, 2125 sq ft, $329K

Ø  133 Baurer Cir, 4/3, 2256 sq ft, $350K

Ø  139 Thorndike Way, 4/3, 2263 sq ft, $354K

Ø  183 Keller Circle, 4/3, 2435 sq ft, $361,500

Ø  474 S Lexington Dr, 4/3, 2256 sq ft, $375K

Ø  108 Chenery Ct, 4/3, 2453 sq ft, $379K

Ø  463 S Lexington Dr, 4/2, 1939 sq ft, $390K

Ø  105 Paine Ct, 4/2, 2023 sq ft, $390K

Ø  218 Wellfleet Cir, 5/3, 2600 sq ft, $394K

Ø  113 Dunstable Way, 4/2, 2386 sq ft, $415K

Ø  100 Chadwick Way, 5/3, 2585 sq ft, $415K

Ø  101 Keller Circle, 5/3, 3000 sq ft, $449K

Ø  104 Lyndeboro Ct, 6/3, 3827 sq ft, $555K

Statistics for these sales

All sales:

·         Total: 19

·         Median price: $361,500

·         Average days on market: 65

·         Average price per square foot: $161

Short sales:

·         Total: 3

·         Median price: 361,500

·         Average days on market: 110

·         Average price per square foot: $160

Foreclosure sales:

·         Total: 5

·         Price: $306,000

·         Days on market: 59

·         Price per square foot: $144

This info is reported as accurately as I can but as I’m using data from the MLS, I recommend you make sure to independently verify the accuracy of this information before you make any decisions based on it.