American River Canyon North / Folsom Market Update

Just Sold!  Another Happy Seller! 121 Obsidian Cliff Court in American River Canyon North

Check out my beautiful new listing in American River Canyon North... Sit back & enjoy! 123 Tomlinson Drive, Folsom CA 95630, USA - Virtual Tour

Fast Facts Calif. median home price : February 2012: $266,660 (Source: C.A.R.) Calif. highest median home price by region/county February 2012: Marin, $732,140 (Source: C.A.R.) Calif. lowest median home price by region/county February 2012: Tehama, $85,000 (Source: C.A.R.) Calif. Pending Home Sales Index : February 2012: 127.8, an increase from the revised 102.4 recorded in January. Calif. Traditional Housing Affordability Index : Fourth quarter 2011: 55 percent (Source: C.A.R.) Mortgage rates : Week ending 4/5/2012 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.21 fees/points: 0.7% 1-yr. adjustable: 2.78% Fees/points: 0.6% (Source: Freddie Mac)

FOLSOM:   Huge changes in the market and they are all positive.   Folsom continues to be an excellent location for home ownership and multiple offers are being seen on many Folsom properties.   Last April there were 389 available and 119 pending homes in Folsom – compare that with the current numbers. Housing Stats for March 2012*: Current Properties for Sale :      204      Price Range:   $99,000 - $1,150,000 Properties Sold in February:       62                            $76,500 - $764,312   Properties Sold in March:           71                            $90,000 - $960,000 Current Pending Sales               158                              $75,000 - $750,000 March Sold Homes by number of units in each price bracket:      $100,000’s – 11             $200,000’s – 17              $300,000’s – 30      $400,000’s – 8                $500,000’s – 2               $600,000’s – 2        $700,000’s – 0                $800,000’s – 0               $900,000+ - 1 AMERICAN RIVER CAN