Latest Folsom Real Estate Trends – Reo
The Folsom reo market is as a hot as the weather. In April Folsom had 15 reo homes for sale.
We had 16 that were pending 18 that sold in April. Basically Folsom reo’s are going pending and selling soon after they hit the market. There are a few that are not priced for the market and condition but overall their days on market is 43 days.
Folsom’s reo price per square foot average for April was $169. That is down 7.9% from April 2008.
The median price of an reo in Folsom in April was $356,000.