Sacramento Real Estate Blog

The real estate market in Folsom is somewhat stronger than Sacramento County as a whole, with lower inventory.  In July, 2007, the average home sold in Folsom for $498,793, or 98.3% of list.  This was down 5.5% from last year’s average of $527,616.  This year’s home being somewhat larger, the average price per square foot fell 8.2% during this period, from $249.94 last July to $229.33 this July.  The median price was down 4.2%, from $490,000 last July to $469,500 this July.

Unit volume is actually up slightly this year, from 73 units to 74.  This year there were 7 REOs (bank foreclosures) sold out of those 74 units, so just shy of 10%.  Last year of the 73 units that sold, none of them were REOs.