Market Conditions Report – Folsom

10/25/19

There are 110 active listings of single family homes in Folsom. Inventory is stable but there is still high buyer demand making Folsom a strong seller’s market. Home prices range from $327,000 for a 2/2 bath 1090 SF home to $2,759,826 for a 5000 SF home.

There are 79 pending sales. Average days on the market for the pending sales is 30. There are 252 sold listings in the last 3 months indicating great turnover activity. Average days on the market for sold listings are 29! Average list price to sale price is an excellent (for the seller) 99.2% indicating many multiple offer situations due to the still low inventory.

There are two major areas in Folsom. One is Broadstone which is a 1,600 acre development near Highway 50. Broadstone is unique in that it was completely developed by Elliott Homes, Inc. Broadstone consists of single family homes, apartments, office, and retail centers. It is also home to the Broadstone Racquet Club which is a private, membership facility with court sports, swimming, exercise rooms and children and infants play area. The Broadstone villages were built to appeal to first time homebuyers as well as move-up buyers with a wide range of sales prices.

The other is American River Canyon which is located off Oak Avenue Parkway on the other side of the American River from Old Town Folsom. Homes in American River Canyon were built by numerous builders from the early 1980’s to custom homes built currently on custom lots. Nearly all of the homes in this area are good to very good quality custom homes on well-landscaped lots.