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Folsom Homes Sold 2000-09
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Coldwell Banker Northern California
Folsom Office
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"Hire the Realtor who doesn't look (or work) like just another agent."
Folsom Home Sales Overview – 2000-2009
The chart below summarizes Folsom home sales activity over the past decade. It helps give perspective on our current housing market. As measured by units sold, average selling prices and days on market, the data shows we are presently selling at prices last experienced in early 2003. For detailed monthly sales information about homes sold in Folsom during 2009, use this LINK.
Folsom’s Q42009 selling price average of $373,725 is approximately 34% below the record high set in Q32004 of $568,505. On average, Q42009 selling prices were 9.2% below Q42008. Expressed as annual units sold, Folsom recorded 783 home sales in 2009 vs. 1,331 in 2004, a decline of 41%. Total unit sales increased slightly from 756 homes in 2008. As of early January 2009, home inventory for residential properties declined to about 276 homes (including Bank REO and Short Sales) which was about 12% below the levels sustained throughout 2008 (approx. 315) and well below the high inventory levels near 450 homes in 2006. This declining inventory coupled with lower interest rates may help to sustain our average selling prices, and if so, signal a positive outlook for 2010.
Looking at “days on market”, it appears this factor varies widely by the type of inventory. Average selling time for Short Sales was just over 140 days vs. Bank Repos (REO) at about 42 days and Conventional Non-REO/SS at near 56 days.
As of the end of 2009, Folsom’s average selling price of about $375,000 for a 2,100 square foot residence remains well above the average selling prices for Sacramento county which averaged $298,200 (Dec. 2009 MLS).
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Folsom Homes Sold - 2000-2009
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# Sold
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Listing $$
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List $/SF
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Selling $$
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Sell $/SF
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Aprx. SF
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% of List
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DOM
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2009
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Q1
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148
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$385,112
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$188.41
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$373,385
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$182.67
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2,044
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97.0%
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78
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Q2
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207
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$379,263
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$181.64
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$370,946
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$177.66
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2,088
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97.8%
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67
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Q3
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205
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$373,725
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$178.90
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$367,172
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$175.76
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2,089
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98.2%
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65
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Q4
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223
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$373,725
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$177.04
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$363,874
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$172.37
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2,111
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97.4%
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61
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783
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2008
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Q1
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149
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$435,445
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$211.69
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$420,224
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$204.29
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2,057
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96.5%
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98
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Q2
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226
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$436,882
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$204.63
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$425,320
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$199.21
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2,135
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97.4%
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75
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Q3
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216
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$450,997
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$202.42
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$440,867
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$197.88
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2,228
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97.8%
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76
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Q4
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165
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$411,524
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$195.96
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$400,587
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$190.76
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2,100
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97.3%
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76
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756
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2007
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Q1
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239
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$516,373
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$236.22
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$505,263
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$231.14
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2,186
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97.8%
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96
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Q2
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230
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$513,756
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$242.91
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$502,301
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$237.49
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2,115
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97.8%
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63
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Q3
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174
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$498,531
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$231.23
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$486,549
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$225.67
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2,156
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97.6%
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79
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Q4
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170
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$477,248
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$224.69
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$455,837
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$214.61
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2,124
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95.5%
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79
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813
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2006
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Q1
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193
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$519,138
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$256.49
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$509,472
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$251.72
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2,024
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98.1%
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53
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Q2
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228
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$552,947
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$264.57
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$542,634
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$259.63
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2,090
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98.1%
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50
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Q3
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219
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$516,304
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$253.34
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$505,219
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$247.90
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2,038
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97.9%
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75
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Q4
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213
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$530,128
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$245.88
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$512,954
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$237.92
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2,156
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96.8%
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94
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853
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2005
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Q1
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234
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$498,467
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$242.21
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$495,598
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$240.82
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2,058
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99.4%
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17
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Q2
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361
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$537,112
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$256.01
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$534,913
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$254.96
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2,098
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99.6%
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15
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Q3
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300
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$575,282
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$267.95
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$568,505
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$264.79
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2,147
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98.8%
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26
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Q4
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220
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$542,843
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$263.52
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$535,236
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$259.82
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2,060
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98.6%
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36
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1115
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2004
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Q1
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272
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$412,012
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$192.17
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$408,013
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$190.30
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2,144
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99.0%
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29
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Q2
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378
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$440,353
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$209.99
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$439,163
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$209.42
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2,097
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99.7%
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18
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Q3
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370
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$465,887
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$223.66
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$462,713
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$222.14
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2,083
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99.3%
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19
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Q4
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311
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$476,299
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$232.80
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$470,910
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$230.16
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2,046
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98.9%
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33
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1331
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2003
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Q1
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213
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$354,431
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$172.05
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$349,000
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$169.42
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2,060
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98.5%
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35
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Q2
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337
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$353,747
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$175.64
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$349,826
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$173.70
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2,014
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98.9%
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30
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Q3
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383
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$366,264
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$178.93
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$362,222
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$176.95
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2,047
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98.9%
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30
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Q4
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291
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$390,813
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$189.07
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$385,782
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$186.64
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2,067
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98.7%
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32
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1224
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2002
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Q1
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246
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$304,693
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$153.73
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$298,268
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$150.49
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1,982
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97.9%
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45
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Q2
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299
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$327,232
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$158.85
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$323,239
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$156.91
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2,060
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98.8%
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33
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Q3
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323
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$342,332
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$165.62
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$338,081
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$163.56
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2,067
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98.8%
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28
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Q4
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269
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$341,957
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$169.79
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$336,377
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$167.02
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2,014
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98.4%
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31
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1137
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2001
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Q1
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186
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$301,087
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$144.61
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$297,631
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$142.95
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2,082
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98.9%
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35
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Q2
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275
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$301,597
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$152.32
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$298,631
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$150.82
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1,980
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99.0%
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25
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Q3
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240
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$309,254
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$154.32
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$303,975
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$151.68
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2,004
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98.3%
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35
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Q4
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193
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$301,805
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$152.20
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$294,845
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$148.69
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1,983
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97.7%
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40
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894
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2000
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Q
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# Sold
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List $$
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List $/SF
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Sell $$
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Sell $/SF
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Aprx SF
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Sell v List
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DOM
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Q1
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186
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$247,676
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$119.42
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$243,776
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$117.54
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2,074
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98.4%
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42
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Q2
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253
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$265,951
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$125.57
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$263,379
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$124.35
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2,118
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99.0%
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29
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Q3
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306
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$278,907
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$130.39
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$275,681
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$128.88
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2,139
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98.8%
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30
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Q4
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216
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$288,387
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$137.46
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$284,733
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$135.72
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2,098
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98.7%
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34
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961
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Source: MLS as reported by all brokers 1-5-10. Subject to verification ©2010BudBarnes
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