FOLSOM: Folsom and the surrounding areas are still seeing multiple offers under $450,000. However, I am starting to sense a slight pull back from buyers who have taken a beating trying to compete in this price range, and some buyers are reconsidering if they want to continue to pursue properties in this competitive real estate market.
The market activity continues to be brisk, but the number of solds decreased by 11 homes overall between May and June. The inventory of available homes is still low and there is a 1.77 month supply of homes available in Folsom.
The dollar per square foot average for sold homes in Folsom:
June 2012 $162.31
June 2011 $151.48
Housing Stats for June 2012*
Properties for Sale w/o Active Short Sale Contingent Status: 79 $170,000 - $1,100,000
All Properties Showing Active in the MLS 180 $ 90,000 - $1,100,000
Properties Sold in May 2012 92 $ 95,000 - $ 580,000
Properties Sold in June 2012 81 $111,000 - $1,090,000
Current Pending Properties 144 $ 89,000 - $ 919,000
June Sold Homes by number of units in each price bracket:
$100,000's - 6 $200,000's - 27 $300,000's - 27
$400,000's - 9 $500,000's - 8 $600,000's - 3
$700,000's - 0 $800,000's - 0 $900,000+ - 1
AMERICAN RIVER CANYON NORTH: With the current price range of the ARC North available homes in the $400,000 to $800,000, they fall into a less competitive segment of the real estate market. The showing activity has been sluggish and most buyers who are looking in ARC North are also looking at homes in El Dorado Hills, Granite Bay, Roseville & Fair Oaks.
There are 6 pending sales of which 4 are the hard-to-find and highly sought after single story homes. The majority of the current sales have been in the $400,000 to $500,000 price range and what we need are buyers in the $600,000 and over range to start making offers on our available homes. There is currently a 2.6 month supply of available homes in ARC North.
The dollar per square foot average for sold homes in ARCN:
June 2012 $157.78
June 2011 $158.53
CLICK HERE for June 2012 Market Data
ARC North Statistics for June 2012*: 8 Active Listings, 0 Short Sale, 3 Short Sale Contingent, 6 Pending, 3 Sold/Closed since 6/1/12
Changes to the ARC North Market since 6/1/12:
New Listings:
330 Canyon Falls $470,250 4 bed / 3 bath 3,159 sf Yr Blt 1991 Investor Owned
249 Cascade Falls $769,000 5 bed / 4 bath 4,063 sf Yr Blt 1989
New Short Sale Contingent:
171 ARC Dr $475,000 4 bed / 3.5 bath 3,828 sf Yr Blt 1989
New Pending Sales:
112 Lost Creek $424,900 4 bed / 2 bath 2,699 sf Yr Blt 1988 Investor Owned 1 Story
101 Hodges Ct $459,000 5 bed / 3.5 bath 3,675 sf Yr Blt 1988 Short Sale 1 Story
132 Cascade Falls $495,000 4 bed / 3 bath 3,199 sf Yr Blt 1989
134 Feather Falls $539,000 4 bed / 3 bath 2,890 sf Yr Blt 1996 1 Story
164 Lost Creek $597,000 4 bed / 3 bath 2,893 sf Yr Blt 1989 1 Story
154 Red Ridge Ct $899,000 4 bed / 3.5 bath 4,582 sf Yr Blt 2002 Short Sale
New Sold/Closed with Sales Price:
508 Fort Rock Ct $530,000 4 bed / 4 bath 3,401 sf Yr Blt 2005
257 Cascade Falls $540,000 4 bed / 5.5 bath 4,650 sf Yr Blt 1992
130 ARC Dr $675,000 5 bed / 3.5 bath 3,716 sf Yr Blt 1990
Robin's Marketing Minute:
Visit my website at www.RobinKaplan.com for homes searches, mortgage calculators, Buyer and Seller information, plus much more!
*Source: Metrolist MLS
The market activity continues to be brisk, but the number of solds decreased by 11 homes overall between May and June. The inventory of available homes is still low and there is a 1.77 month supply of homes available in Folsom.
The dollar per square foot average for sold homes in Folsom:
June 2012 $162.31
June 2011 $151.48
Housing Stats for June 2012*
Properties for Sale w/o Active Short Sale Contingent Status: 79 $170,000 - $1,100,000
All Properties Showing Active in the MLS 180 $ 90,000 - $1,100,000
Properties Sold in May 2012 92 $ 95,000 - $ 580,000
Properties Sold in June 2012 81 $111,000 - $1,090,000
Current Pending Properties 144 $ 89,000 - $ 919,000
June Sold Homes by number of units in each price bracket:
$100,000's - 6 $200,000's - 27 $300,000's - 27
$400,000's - 9 $500,000's - 8 $600,000's - 3
$700,000's - 0 $800,000's - 0 $900,000+ - 1
AMERICAN RIVER CANYON NORTH: With the current price range of the ARC North available homes in the $400,000 to $800,000, they fall into a less competitive segment of the real estate market. The showing activity has been sluggish and most buyers who are looking in ARC North are also looking at homes in El Dorado Hills, Granite Bay, Roseville & Fair Oaks.
There are 6 pending sales of which 4 are the hard-to-find and highly sought after single story homes. The majority of the current sales have been in the $400,000 to $500,000 price range and what we need are buyers in the $600,000 and over range to start making offers on our available homes. There is currently a 2.6 month supply of available homes in ARC North.
The dollar per square foot average for sold homes in ARCN:
June 2012 $157.78
June 2011 $158.53
CLICK HERE for June 2012 Market Data
ARC North Statistics for June 2012*: 8 Active Listings, 0 Short Sale, 3 Short Sale Contingent, 6 Pending, 3 Sold/Closed since 6/1/12
Changes to the ARC North Market since 6/1/12:
New Listings:
330 Canyon Falls $470,250 4 bed / 3 bath 3,159 sf Yr Blt 1991 Investor Owned
249 Cascade Falls $769,000 5 bed / 4 bath 4,063 sf Yr Blt 1989
New Short Sale Contingent:
171 ARC Dr $475,000 4 bed / 3.5 bath 3,828 sf Yr Blt 1989
New Pending Sales:
112 Lost Creek $424,900 4 bed / 2 bath 2,699 sf Yr Blt 1988 Investor Owned 1 Story
101 Hodges Ct $459,000 5 bed / 3.5 bath 3,675 sf Yr Blt 1988 Short Sale 1 Story
132 Cascade Falls $495,000 4 bed / 3 bath 3,199 sf Yr Blt 1989
134 Feather Falls $539,000 4 bed / 3 bath 2,890 sf Yr Blt 1996 1 Story
164 Lost Creek $597,000 4 bed / 3 bath 2,893 sf Yr Blt 1989 1 Story
154 Red Ridge Ct $899,000 4 bed / 3.5 bath 4,582 sf Yr Blt 2002 Short Sale
New Sold/Closed with Sales Price:
508 Fort Rock Ct $530,000 4 bed / 4 bath 3,401 sf Yr Blt 2005
257 Cascade Falls $540,000 4 bed / 5.5 bath 4,650 sf Yr Blt 1992
130 ARC Dr $675,000 5 bed / 3.5 bath 3,716 sf Yr Blt 1990
Robin's Marketing Minute:
Visit my website at www.RobinKaplan.com for homes searches, mortgage calculators, Buyer and Seller information, plus much more!
*Source: Metrolist MLS
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