With the year winding down it’s time to take a look back at Folsom home sales and see if we can make sense of the numbers.
It’s been nearly 3 years since Folsom home prices hit bottom (Feb 2012, at $148 per square foot), and started on the road to recovery. Gone are the days of multiple offers over asking within hours of putting a home on the market. Now, it looks like the market has finally arrived at a more reasonable pace, with both sales and price gains slowing.
Price per square foot has fluctuated over the past year between a low of $191 in January, peaking at $213 in August, and ended November at $210. In comparison, 2013 started out at $169 per foot, peaked at $207 and ended the year at $196.
This graph shows that as of midnight, Wedenesday December 10, Folsom Lake water level was at 326,481 acre feet, about 1/3 of the lake’s total capacity.
This is about 100,000 acre feet more than the same time last year, and with today’s storm lingering over the region, it will be interesting to see how it looks in a couple of days.
We can’t declare the drought 0ver, but it sure is good to get some water back in there.