Real Estate Market Update
January 2018 is a Seller’s market! The number of for sale listings was down 29% from one year earlier and up 16.7% from the previous month. The number of sold listings increased 36.1% year over year and decreased 21% month over month. The number of under contract listings was up 13% compared to previous month and up 18.2% compared to previous year. The Months of Inventory based on Closed Sales is 1, down 47% from the previous year.
The Average Sold Price per Square Footage was up 4.1% compared to previous month and up 7.2% compared to last year. The Median Sold Price decreased by 2.9% from last month. The Average Sold Price also decreased by 5% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.
The Average Days on Market showed a neutral trend, a decrease of 6.1% compared to previous year. The ratio of Sold Price vs. Original List Price is 98%, was the same compared to previous year.
Proprietary charts with momentum (Þ):
Folsom is very popular and is usually in the top 5 median prices in any given month. With newer infrastructure and home construction, areas like Empire Ranch, Briggs Ranch, Prairie Oaks, Los Cerros, Broadstone, and Willow Springs all have some lofty values.
- For Sale, Sold, Pended (Folsom)
- Avg Price Per Square Foot (Folsom)
- Avg CDOM, SP/OLP (Folsom)
- Median, Sold, For Sale (Folsom)
- Mos Inventory (Folsom)
Call me to get insider info into any of these Listings:
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