Folsom Real Estate Snapshot May 12 '08

What better way to start my real estate week then to take a quick snapshot of where we are real estate-wise in Folsom this beautiful May morning? Here is what the MLS numbers tells us:

• Number of homes for sale: 303
• Price range: $119,900-$1,399,00
• Median price: $449,000
• Average Days on the Market: 78
• Number of Bank-Owned homes (also known as REOs) for sale: 17
• Median price of REOs: $439,900
• Average Days on the Market for REOs: 59
• Price range of REOs: $119,900-$874,900
• Number of Short Sale Properties: 68
• Median price of Short Sales: $377,000
• Average Days on the Market of those Short Sales: 102
• Price range of Short Sales: $174,900-$795,000

Some interesting realities show up in these few numbers, especially when you look at the differences in median price and days on the market...

Have a great day!