Folsom CA September 2009 Marketing Report

There is still a good selection of homes to choose from with 205 active listings of single family homes, but the numbers are dropping every month. Prices range from a $199,900 3 bed/2 bath home to a 5200 Sq Ft custom home in American River Canyon North for $2,500,000.

There are 45 short sales and 25 REO (bank owned) properties for sale. There are 91 homes in Folsom priced under $400,000 indicating affordable homes are still available.

There are 94 pending sales with average days on the market at 60. There are 176 sold listings in the last 3 months indicating great turnover activity. Average days on the market for sold listings are 53. Average list price to sale price is increasing to a fantastic 98.2% rate.