Folsom, CA SOLD home cost per square foot.
There are many ways to measure property values in the housing market. One that Realtors frequently use is the sold property cost per square foot. This is one of the more valid measurements at our disposal.
I have been measuring the sold REO (Bank Owned) property statistics for Folsom, Ca for two years and post a monthly report of our activity.
I have decided to compare the sold cost per square foot of REO homes and the sold cost per square foot of ALL homes sold. The chart below reports those numbers for the past year and one half. Although there are a few blips, the trends are clear. Housing prices have fallen consistently during the measurement period.
Note that buyers who purchased Bank Owned Homes saved a considerable sum.
