Folsom Real Estate by the Number April 30 '08

Here's what the real estate market looks like in Folsom this somewhat nippy April 30th morn:

• Number of homes, condos, halfplexes for sale: 323
• Median price: $425,000
• Average Days on the Market: 73
• Number of Bank-Owned homes for sale: 25
• Median price of these Bank-Owned properties: $365,000
• Average Days on the Market for Bank-Owned homes: 58
• Number of Short Sale homes: 75
• Median price of Short Sale homes: $365,000
• Average Days on the Market for Short Sale homes: 86

Looking at the median price of Bank-Owned homes as compared with that of the total homes for sale in Folsom, I can see why this segment of the market is hot: $365,000 versus $425,000. The average days on the market for bank-owned (58) versus the average for all homes (73) shows this segment of the market is moving.

That's is for today. Make it a great day!