|
Folsom Sales - Feb 2010
|
Coldwell Banker Northern California
Folsom Office
|
Folsom Home Sales – February 2010
We continue to see a shift in market segment activity with monthly recorded sales at 43 homes as of 3-3-10. As the market segments vary, it is important to isolate activity in each of the three home selling segments: convention, bank owned, and short sale/pre-foreclosure. The increase in the sale of ‘distressed’ properties will sustain the trend of reduced home values because appraised home values include actual selling prices across all segments.
Some notable points show that short sales and bank owned property are increasing as a percentage of home sold compared with earlier months. Bank owned sales accounted for 27% of sales, short sales were at 30% and conventional home sales comprised 42%. Looking at the numbers, short sales and bank owned properties offered smaller living space at 1,591 sf, while short sales were nearly 2,000 sf; conventional homes averaged 2,046 sf.
Short sale home prices, expressed as cost per square foot continue to be above prices paid for bank owned properties. The average price of a short sale, at $181.89 psf, exceeded even the average of conventional homes at $180.34 psf. Bank owned properties sold at $168.59 psf.
Days on market continue to less than 60 days for bank owned (57 days) and conventional sales (38 days). Short sales are lengthy transactions requiring in excess of 130 days as agent attempt to negotiate sales with lenders who, unfortunately, seem to forestall even the best of efforts.
Sales trends over the past three months indicate a slight uptick in selling prices while the average listing prices are about 14% below Feb. 2009.
Favorable signs point to declining inventories, which showed 305 homes at the end of February vs. 337 the prior year and 364 homes in 2008.
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Folsom Home Sales - February 2010
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Street Address
|
Sell
Price
|
$ / SF
|
DOM
|
List
Price
|
Orig
Price
|
Sell
Date
|
Brm
|
Pos
Brm
|
Ba
|
Aprx
SF
|
Pool
Y/N
|
REO
|
Short
Sale
|
|
|
1018 Perazzo Cir
|
$440,000
|
$184.80
|
0
|
$439,950
|
$439,950
|
2/26/10
|
4
|
4
|
3
|
2381
|
No
|
No
|
No
|
|
|
554 Porter Ct
|
$460,000
|
$172.41
|
0
|
$474,500
|
$474,500
|
2/10/10
|
3
|
4
|
3
|
2668
|
Yes
|
No
|
No
|
|
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313 Caples Dr
|
$317,000
|
$184.52
|
12
|
$338,000
|
$338,000
|
2/25/10
|
3
|
3
|
3
|
1718
|
No
|
No
|
No
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913 Mann Ct
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$426,000
|
$186.27
|
3
|
$425,000
|
$425,000
|
2/11/10
|
5
|
5
|
3
|
2287
|
Yes
|
No
|
No
|
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110 Rawlings Ct
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$299,000
|
$190.20
|
11
|
$319,950
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$319,950
|
2/16/10
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4
|
4
|
2
|
1572
|
No
|
No
|
No
|
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231 Fall River Dr
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$487,500
|
$190.50
|
6
|
$510,000
|
$510,000
|
2/25/10
|
4
|
4
|
3
|
2559
|
Yes
|
No
|
No
|
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105 Cradle Bar Ct
|
$280,000
|
$234.31
|
5
|
$289,900
|
$289,900
|
2/11/10
|
3
|
3
|
2
|
1195
|
No
|
No
|
No
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1733 Dunkeld Ln
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$350,000
|
$167.38
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0
|
$350,000
|
$350,000
|
2/10/10
|
3
|
3
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3
|
2091
|
Yes
|
No
|
No
|
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1683 Ballou Cir
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$300,000
|
$152.83
|
28
|
$300,000
|
$300,000
|
2/24/10
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4
|
4
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3
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1963
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No
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No
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No
|
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111 Gilded Rock Cir
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$326,000
|
$194.39
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18
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$335,000
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$335,000
|
2/9/10
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3
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3
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3
|
1677
|
No
|
No
|
No
|
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140 Willow Creek Dr
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$400,000
|
$156.43
|
48
|
$409,900
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$429,900
|
2/26/10
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4
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4
|
3
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2557
|
Yes
|
No
|
No
|
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126 Austin Dr
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$262,500
|
$217.48
|
56
|
$269,900
|
$289,900
|
2/3/10
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3
|
3
|
2
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1207
|
No
|
No
|
No
|
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1191 Fergusen Way
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$352,500
|
$173.39
|
75
|
$359,735
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$368,735
|
2/18/10
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3
|
3
|
3
|
2033
|
No
|
No
|
No
|
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1068 Orbison Ct
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$415,000
|
$189.50
|
78
|
$455,000
|
$495,000
|
2/19/10
|
4
|
4
|
3
|
2190
|
Yes
|
No
|
No
|
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703 Diamond Glen Cir
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$277,000
|
$165.57
|
83
|
$289,000
|
$325,000
|
2/11/10
|
3
|
3
|
3
|
1673
|
Yes
|
No
|
No
|
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|
106 Royalton Cir
|
$375,000
|
$186.94
|
67
|
$379,000
|
$379,000
|
2/2/10
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3
|
4
|
3
|
2006
|
Yes
|
No
|
No
|
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236 Flower Dr
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$224,900
|
$168.59
|
82
|
$224,900
|
$234,900
|
2/23/10
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3
|
3
|
2
|
1334
|
Yes
|
No
|
No
|
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995 Patrick Cir
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$485,000
|
$130.66
|
116
|
$519,000
|
$545,000
|
2/5/10
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6
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6
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4
|
3712
|
Yes
|
No
|
No
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Conv. Homes (18)
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$359,856
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$180.34
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38
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$371,596
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$380,541
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4
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4
|
3
|
2046
|
|
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Sell vs List
|
96.8%
|
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Sell vs Orig List
|
94.6%
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633 Hildebrand Cir
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$466,000
|
$146.73
|
13
|
$455,400
|
$455,400
|
2/18/10
|
5
|
5
|
4
|
3176
|
No
|
Yes
|
No
|
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|
885 Halidon Way 1427
|
$113,000
|
$150.67
|
11
|
$115,900
|
$115,900
|
2/8/10
|
1
|
1
|
1
|
750
|
Yes
|
Yes
|
No
|
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508 Sutter St
|
$180,000
|
$126.67
|
24
|
$210,000
|
$210,000
|
2/5/10
|
2
|
3
|
2
|
1421
|
No
|
Yes
|
No
|
|
|
701 Hillswick Cir
|
$335,000
|
$229.77
|
13
|
$326,000
|
$326,000
|
2/10/10
|
3
|
3
|
2
|
1458
|
No
|
Yes
|
No
|
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1676 Ballou Cir
|
$266,000
|
$139.63
|
35
|
$287,900
|
$296,000
|
2/1/10
|
3
|
3
|
3
|
1905
|
No
|
Yes
|
No
|
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|
885 Halidon Way 424
|
$159,000
|
$154.52
|
35
|
$159,900
|
$159,900
|
2/26/10
|
2
|
2
|
2
|
1029
|
Yes
|
Yes
|
No
|
|
|
885 Halidon Way 1327
|
$170,000
|
$157.85
|
58
|
$184,900
|
$198,200
|
2/26/10
|
2
|
2
|
2
|
1077
|
No
|
Yes
|
No
|
|
|
108 Burrill Dr
|
$350,000
|
$166.91
|
76
|
$384,500
|
$435,000
|
2/19/10
|
4
|
4
|
2
|
2097
|
Yes
|
Yes
|
No
|
|
|
2066 Horseshoe Glen Cir
|
$305,000
|
$207.77
|
82
|
$299,900
|
$329,000
|
2/23/10
|
3
|
3
|
2
|
1468
|
No
|
Yes
|
No
|
|
|
727 Ferrier Way
|
$264,900
|
$168.40
|
114
|
$264,900
|
$297,000
|
2/25/10
|
3
|
3
|
3
|
1573
|
No
|
Yes
|
No
|
|
|
125 Big Valley Rd
|
$275,000
|
$194.90
|
112
|
$299,900
|
$329,900
|
2/5/10
|
3
|
3
|
2
|
1411
|
No
|
Yes
|
No
|
|
|
100 Oak Mill Rd
|
$309,000
|
$179.23
|
107
|
$309,900
|
$309,900
|
2/17/10
|
3
|
3
|
2
|
1724
|
Yes
|
Yes
|
No
|
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Bank REO (12)
|
$266,075
|
$168.59
|
57
|
$274,925
|
$288,517
|
|
3
|
3
|
2
|
1591
|
|
|
|
|
|
Sell vs List
|
96.8%
|
|
|
|
|
|
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|
|
|
|
|
|
Sell vs Orig List
|
92.2%
|
|
|
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133 Garrett Dr
|
$305,000
|
$146.92
|
0
|
$305,000
|
$305,000
|
2/25/10
|
4
|
4
|
3
|
2076
|
Yes
|
No
|
Yes
|
|
|
303 Figueroa St
|
$215,000
|
$227.51
|
66
|
$290,000
|
$290,000
|
2/26/10
|
0
|
2
|
1
|
945
|
No
|
No
|
Yes
|
|
|
1017 Perazzo Cir
|
$463,000
|
$147.73
|
45
|
$449,900
|
$449,900
|
2/24/10
|
4
|
4
|
3
|
3134
|
No
|
No
|
Yes
|
|
|
1892 Broadford Dr
|
$330,000
|
$180.62
|
91
|
$344,000
|
$349,000
|
2/4/10
|
3
|
3
|
2
|
1827
|
No
|
No
|
Yes
|
|
|
712 Mormon St
|
$295,000
|
$202.61
|
98
|
$295,000
|
$325,000
|
2/5/10
|
3
|
3
|
2
|
1456
|
No
|
No
|
Yes
|
|
|
606 Blossom Rock Ln
|
$210,000
|
$162.92
|
132
|
$210,000
|
$210,000
|
2/19/10
|
2
|
2
|
3
|
1289
|
No
|
No
|
Yes
|
|
|
106 Grasswood Ct
|
$411,000
|
$182.50
|
116
|
$429,900
|
$429,900
|
2/20/10
|
3
|
3
|
3
|
2252
|
No
|
No
|
Yes
|
|
|
1176 Fergusen Way
|
$400,000
|
$170.43
|
187
|
$425,000
|
$449,000
|
2/11/10
|
4
|
4
|
3
|
2347
|
No
|
No
|
Yes
|
|
|
114 Sutcliffe Cir
|
$275,000
|
$189.39
|
235
|
$269,000
|
$289,000
|
2/17/10
|
3
|
3
|
3
|
1452
|
Yes
|
No
|
Yes
|
|
|
1804 Woodglen Dr
|
$800,000
|
$183.91
|
217
|
$850,000
|
$1,049,999
|
2/22/10
|
4
|
5
|
5
|
4350
|
No
|
No
|
Yes
|
|
|
263 Hornsby Ct
|
$300,000
|
$188.09
|
259
|
$309,900
|
$334,900
|
2/3/10
|
4
|
4
|
2
|
1595
|
No
|
No
|
Yes
|
|
|
162 Livermore Way
|
$242,000
|
$190.25
|
251
|
$253,000
|
$280,000
|
2/19/10
|
3
|
3
|
2
|
1272
|
No
|
No
|
Yes
|
|
|
189 Stoney Hill Dr
|
$300,000
|
$191.69
|
19
|
$280,000
|
$280,000
|
2/10/10
|
3
|
3
|
2
|
1565
|
No
|
Yes
|
Yes
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
Short Sales (13)
|
$349,692
|
$181.89
|
132
|
$362,362
|
$387,823
|
|
3
|
3
|
3
|
1966
|
|
|
|
|
|
Sell vs List
|
96.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sell vs Orig List
|
90.2%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
Avg 43 All Homes
|
$330,612
|
$177.53
|
72
|
$341,826
|
$357,061
|
|
3
|
3
|
3
|
1895
|
|
|
|
|
|
Sold vs. List
|
96.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sold vs. Orig List
|
92.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As reported by all MLS brokers Subject to jupdates. Compiled by Bud Barnes 3-3-10 ©2010BudBarnes
|
The chart below shows cumulative home selling activity for 2010.
|
Folsom Homes Sold
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
CY2010
|
Homes
Sold
|
Avg.
Sell $
|
$ / SF
|
Avg.
List $
|
Avg. Orig.
List $
|
SF
|
DOM
|
Conv
Sold
|
Sold
REOs
|
Sold
Short Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec
|
|
|
|
|
|
|
|
|
|
|
|
Nov
|
|
|
|
|
|
|
|
|
|
|
|
Oct
|
|
|
|
|
|
|
|
|
|
|
|
Sep
|
|
|
|
|
|
|
|
|
|
|
|
Aug
|
|
|
|
|
|
|
|
|
|
|
|
Jul
|
|
|
|
|
|
|
|
|
|
|
|
Jun
|
|
|
|
|
|
|
|
|
|
|
|
May
|
|
|
|
|
|
|
|
|
|
|
|
Apr
|
|
|
|
|
|
|
|
|
|
|
|
Mar
|
|
|
|
|
|
|
|
|
|
|
|
Feb
|
43
|
$330,612
|
$178
|
$341,826
|
$357,061
|
1895
|
72
|
18
|
12
|
13
|
|
Jan
|
54
|
$329,121
|
$183
|
$337,949
|
$349,009
|
1808
|
104
|
29
|
12
|
13
|
|
|
|
|
|
|
|
|
|
|
|
|
Avg
|
97
|
$329,867
|
$180
|
$339,888
|
$353,035
|
1852
|
88
|
47
|
24
|
26
|
|
|
|
|
|
|
|
|
48.5%
|
24.7%
|
26.8%
|
|
|
|
|
|
|
|
|
|
|
|
|
Source: MetroList Services. Compiled by Bud Barnes ©2010
|
|
|
|
|
|
|
|