Wednesday, June 6, 2018

Folsom Real Estate Market Update

It's easy to say that a seller in Folsom is ideal.  I just ran a quick market summary and the findings weren't that suprising to me because I have buyers that I can't find a house for in Folsom right now.  Take a gander at this:

List price / Sales price at 100%  Days on market 18. 
If you take into account the houses that are way over priced and sitting on the market, the real picture here is that houses coming on the market priced accordingly are selling in the first week and at or over asking price. 
Multiple offers are driving this market even higher.  We're starting to see appraisal issues, but we're still getting deals done. 

 We need more inventory!  They can't build the new homes in Folsom fast enough.  This trend looks to be strong and go to the end of Trumps first term.  What happens from there is anybodies guess.  

If you have questions or looking to buy/sell, give me a call.


Chad Phillips Real Estate Broker Associate  RE/MAX GOLD
916-390-1476 2998 Douglas Blvd #125 Roseville CA.  95661 | |
LIC # 01405825