Home Sales Down 13.75% in March for Folsom CA
May 2nd, 2009 categories: Folsom, Folsom CA, Real Estate
64 Homes Closed Escrow
Of the 64 homes that closed escrow in March 2009 here in Folsom CA, four were short sales, ten were bank owned and thirteen did not have any reference because they were not reported in the MLS. The average home price is now at $345,000 in Folsom which is a 13.75% decline from March 2008according to Dataquick’s Sacramento Bee report.
One indicator that we are still holding value is the price per sq.ft. which lingers at $184.00. Of course that is an average amount but shows that Folsom CA still has a higher value. In fact Granite Bay CA shows an average price per sq.ft. of $185.00 so the residents of Folsom should feel pretty good about their home values. That number reflects a decline of 12.5% year over year but significantly lower than Sacramento county as a whole which posted a 36.5% decline from last year.
If you would like to know your home value please email me with your address and I can run a comparative market analysis. You might be able to submit for a reassessment and lower your taxes but you will need that information to show the county.
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