November 2011 total single family detached homes SOLD in Folsom was 78. That is 24% more than the same time last year. The Median home price for Folsom is $310,000, down 5% from this time last year. The highest price sell for November 2011 in Folsomwas $827,000. Average price per square foot in Folsom is at $159.00, just down 5% from this time last year.
Comparing 2010 to 2011, on the positive there were 18 more homes SOLD in Folsom for the month of November 2011 vs. 2010! Ok so the Median home price fell $16,000 vs. last year’s Median home price in Folsom. What does all this mean for 2012? The reason for the increase in sales for the later part of 2011 is because of the extremely low interest rates and customer confidence is on a slow pace back to the up side. Consumers in the Folsom housing market are realizing that now is the time to buy going into 2012! You still have super low interest rates, and Homes in many Folsom neighborhoods are now at prices the average consumer can afford.
Will prices and rates go back up? Only time will tell, but if you are considering buying a home in Folsom, now is the time to jump on the bandwagon and take advantage of low rates, and great prices! If you are considering selling your home in Folsom, and moving up to your dream home, there is no better time than now. You may need to sell at a lower price then you ever thought you would, but you can also buy that dream home at a lower cost, and at lower property taxes!
Do you have specific questions about any homes in Folsom in El Dorado Hills on the Sacramento real estate market? Contact Alvin Newton and the Newton3 team by email (FolsomProperties@gmail.com ), phone (916-941-5798), or on Facebook with your questions or to set up a viewing appointment. Our team can provide customized services, help you navigate the Folsom MLS and set up a customized email-based home search for you to track a specific Folsom Home, El Dorado Hills Home, and other Sacramento properties at your leisure. Thank you for visiting the Folsom Real Estate blog and we look forward to serving you and your real estate needs.