Folsom Homes Continue to Sell
I thought I would show how active our Folsom home market is and why whether you are a buyer or seller it is important to understand. If you look at June and July 2011, there were 187 single family homes sold in Folsom. Up from last year. Also note that even though we have sold more homes this year, we have less homes to sale.
The most homes being sold are priced between $201,000 and $300,000(80). Folsom homes priced between $301,000 and $400,000 are the next largest group with 47 homes sold. Of the 187 Folsom homes sold, 38 sold over asking price and 34 sold at list price. 38.5% of homes sold in June and July were sold at or above list price.
If you are considering selling your home, it can be a good time to sell if the home is priced right, staged and marketed properly. Not as much competition and so far, we continue to have lots of buyers.
If you are a buyer, you should realize that you are looking at the same home other buyers are looking at. If the home is priced well, you may be offering list or over list to get it due to multiple offers.