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Folsom December 2007 Real Estate Market Report

By
Real Estate Agent with Re/Max Gold

Inventory of homes for sale in Folsom are decreasing monthly.  There is still excellent selection to choose from with 319 active listings of single family homes in Folsom.  Prices range from $267,900 for a 3 Bed/2Bath to $1,500,000 for a 7200 sq ft custom home on just under 1/2 acre in American River Canyon.

There are 77 homes in Folsom priced under $400,000 showing the affordability of living in this much sought after area.

There are 57 pending sales with average days on the market at 59 which is an excellent statistic for a seller.  There are 143 sold listings in the last 3 months indicating very good turnover activity.  Average days on the market for sold listings are 56. Average list price to sale price is 95.7%.