Folsom Price Per Square Foot for October 2010

Folsom is continuing to see small price drops.  With a total of 46 homes sold in October, Folsom’s average price per square foot dropped 4.4% from last month.   Last year Folsom’s home sales had us at $177 per square foot, and we are now at $161, down 9.2% from same time last year.  If you look at this quarter vs last year same quarter we are down 7.2%.

The time it takes to sell a home in Folsom is also taking longer.  Average days on market is running just over 100 days.   Folsom has held its prices better than other areas, but while the tri-county region as a whole has seen some leveling off of price drops, Folsom does not appear to have leveled off yet.

Folsom Average Price Per Square Foot for October 2010

If you are a seller, this is the time to get aggressive in your pricing.  The next few months will see less homes on the market due to the holidays and serious buyers will still be looking.  Traditionally when we start the new year, homes start to pop back on the market.

If you would like to see this graph and numbers in the same square foot as your home, or as a home you are considering purchasing, contact me.  I would be more than happy to send you a more specific graph.