American River Canyon North / Folsom Market Update

11OctoberArticle

110 North Falls Drive, American River Canyon North Folsom, California  $698,000 Almost 4,500 sq feet of casual elegance, this gorgeous custom is nestled on a premium view homesite.   Featuring oversized rooms, flowing floor plan, soaring ceilings, fresh paint, designer faux & crown moldings throughout.   Designed to indulge, the master bedroom offers captivating views, a private office, separate exercise room, 2 walk in closets and en suite bath.   Multi level pool, large rear deck and patio, full 3 car garage, 3 fireplace, built-ins, granite island kitchen, walk in pantry + much more!

FOLSOM:   The overall Folsom market has remained fairly constant over the last several months and there is now a 3.5 month supply of available homes which is considered a "stable" market.  Again this month, the upper end sales ($500,000+)are stagnant.  The best segment of the market is the $200,000 to $400,000 range.  Here are the number of homes sold in September by price bracket*: $100,000's - 13      $200,000's - 33      $300,000's - 28      $400,000's - 15 $500,000's - 3        $600,000's - 1       $700,000's - 1           ARC NORTH: The active listing inventory is at all time lows, but so are the buyers for our neighborhood's price range as evidenced by the numbers above.  Two homes failed to sell and their listings expired in the last few days, further reducing the number of available homes.  At the current rate of absorption, ARCN has a 7 month supply of inventory.  Current Stats*:  7 Active Listings, 0 Active Short Sales, 6 Short Sale C