American River Canyon North / Folsom Market Update

Fast Facts Calif. median home price : January 2012: $268,280 (Source: C.A.R.) Calif. highest median home price by region/county January 2012: Marin, $694,440 (Source: C.A.R.) Calif. lowest median home price by region/county January 2012: Tehama, $110,000 (Source: C.A.R.) Calif. Pending Home Sales Index : January 2012: 102.4, an increase from the revised 93.1 recorded in January 2011 Calif. Traditional Housing Affordability Index : Fourth quarter 2011: 55 percent (Source: C.A.R.) Mortgage rates : Week ending 3/1/2012 30-yr. fixed: 3.90% fees/points: 0.8% 15-yr. fixed: 3.17 fees/points: 0.8% 1-yr. adjustable: 2.72% Fees/points: 0.6% (Source: Freddie Mac)

FOLSOM:   No significant change in the number of available homes in Folsom over the last several months.  However, the number of pending sales has increased sharply by 27 homes since January.  At this current rate of absorption, Folsom has a 2.25 month supply of available homes which is reflective of  a stable real estate market. Housing Stats for February 2012*:      Current Properties for Sale:      220      Price Range:   $75,000 - $1,188,000      Properties Sold in January:        68                             $56,000 - $565,000      Properties Sold in February:      62                             $76,500 - $764,312      Current Pending Sales:             140                             $96,500 - $949,000 January Sold Homes by number of units in each price bracket:      $100,000's - 7           $200,000's - 29          $300,000's - 16      $400,000's - 5           $500,000's - 2            $600,000's - 1      $700,000's - 2           $800,000