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Home Prices And Market Trends For Folsom, CA 95630

By David Vandermyden

Managing Real Estate Broker with Pacific Coast Group 01186358

May 12, 2014 12:10 PM

Market Trends and Home Prices for Folsom CA 95630, May 2014

Real estate market data for Folsom CA, 95630 provided by David Vandermyden of Pacific Coast Group, KellerWilliams

Folsom CA Home Prices

We have seen home prices return to the August/September 2013 prices in the past 30-60 days. The market took a slight dip in the last quarter of 2013 for both price and number of sales. Over the past 12 months home values have increased 5.6% for Folsom. When distressed property sales are removed from the total sales the value increase is 1.5% on home prices in Folsom. (To check your neighborhood go to www.MyTrueHouseValue.com). We expect prices to slowly increase over the next few months. If you are considering buying a home you can still find deals on a house in the Folsom area. Having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are selling in approximately 39 days as the spring selling season is upon us. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Folsom home on which you are making an offer.

If you are interested in how much current inventory is on the market in Folsom you can find that information at our web site by clicking this LINK . Inventory is slowly increasing and is about 124.6% over last year at this time and will suggest that homes are sitting on the market longer. Currently in the Folsom area, homes have a average time of 39 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. In some areas and price ranges low inventory in Sacramento has multiple offers coming in on homes similar to what we saw back in 2005. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.