Sacramento Real Estate Blog

As we’ve reported several times, the market for real estate in Folsom is generally stronger than in other areas of Sacramento County.  Of course, in this market, such a judgement is often a relative thing.  Folsom prices are falling, just not as fast.   There are foreclosures in Folsom, just not as many.

Forty-nine homes sold in September in Folsom, up 22.5% from last September’s volume of 40 homes.  51% of these were non-distressed, about 10.2% were short sales, and 38.8% were bank foreclosures.

The average home sold in September for $422,079, down 11.4% from last year’s average of $476,339.  The median price fell 9.2% during this time, from $449,500 in September of 2007 to $408,000 in September of 2008.  The average sold price per square foot in Folsom in September was $190.47, down 12.2% from last September.

Although the increase in unit volume has not been as dramatic in Folsom as it has been in other areas of Sacramento County recently, inventory numbers are still healthy in Folsom, with 4.7 months of inventory overall, and 3.9 months of inventory for non-distressed homes.