A total of 54 homes sold in Folsom in the month of January – that’s a 45.9% increase in unit sales year over year. The real estate recovery might be taking its time coming in terms of prices, but the number of distressed properties sold has gone down, which might make quite a few homeowners quite happy.

Foreclosure sales were down by 36.8% year over year while short sales gained 116.7% for the same period. The biggest gains were in the non-distressed category of real estate sales where 141.7% more homes sold this January than the last. 53.7% of all homes sold are now non-distressed sales, a significant improvement over last January where just 32.4% of all homes were not either foreclosures or short sales.

Average sold price per square foot is now $179.55 which is almost the same as it was a year ago when it was $180.23. Average sales price currently rests at $329,121 which is 7.9% under what it was last January. Median sales price is now $314,000.

Inventory in Folsom is at 4.6 months.

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