FOLSOM:
Property Sales: August property sales were 93, up 6.6% from August 2011 and higher than the 67 sales in last month. August 2012 sales were at their highest level compared to August 2011 and 2010. August YTD sales are running 2% ahead of last year's year-to-date sales.
Prices: The Median Sales Price in August was $344,000 up 10.3% from $312,000 in August of 2011 and down 2.7% from $353,500 last month. The Average Sales Price in August was $359,631, up 11% from $323,634 in August of 2011 and down 1.5% from $364,944 last month.
Inventory & Month's Supply of Inventory(MSI): With 93 homes closing escrow last month and only 85 available homes in Folsom we have less than a one month supply of available homes. A low MSI is more beneficial for sellers and the current sellers in Folsom are definitely in control of their sales with multiple offers being written on their homes.
The dollar per square foot average for sold homes in Folsom:
July 2011 - $157 July 2012 - $166
August 2011 - $153 August 2012 - $161
Housing States for August 2012*
Properties for Sale w/o Short Sale Contingent Status: 85 $99,900 - $1,100,000
Short Sale Contingent/Pending Lender Approval: 86 $85,000 - $ 890,000
Properties Sold in July 2012 67 $91,000 - $ 625,000
Properties Sold in August 2012 93 $95,000 - $ 700,000
Current Pending Sales 127 $75,600 - $ 900,000
August Sold Homes by number of units in each price bracket:
$100,000's - 13 $200,000's - 23 $300,000's - 35
$400,000's - 9 $500,000's - 11 $600,000's - 1
$700,000's - 1 $800,000's - 0 $900,000+ - 0
American River Canyon North:
Property Sales: August 2012 property sales were 4, up from 3 the previous month. There are currently 7 pending sales, up from 4 pending sales the previous month.
Prices: The Average Sales Price for August 2012 was $466,225, down from $490,000 the previous month. August of 2011 had an Average Sales price of $600,000. ARCN's sales prices are not experiencing the same increases that are being seen in the newer areas of Folsom.
Inventory & Month's Supply of Inventory (MSI): The listing inventory has virtually disappeared with only 3 active listings and 2 short sales currently available, versus 10 active listings and 1 short sale last month. In August 2011, ARCN was experiencing historically low active inventories with only 13 available listings, which makes today's MSI a new low.
The dollar per square foot average for sold homes in ARC North:
July 2011 - $169 July 2012 - $167
August 2011 - $184 August 2012 - $141
Click HERE for August 2012 Market Data
ARC North Stats for August 2012*: 3 Active, 2 Short Sale, 7 Pending, 4 Sold/Closed since 8/1/12
Changes to the ARC North Market since 8/1/12:
New Listings:
102 Cedar Ridge $510,000 4/5 bed / 3 bath 3,642 sf Yr Blt 1997 Pool Short Sale
New Pending Sales:
330 Canyon Falls $446,750 4 bed / 3 bath 3,159 sf Yr Blt 1991 Pool Bank Owned
248 ARC Drive $500,000 3/4 bed / 2.5 bath 3,549 sf Yr Blt 2000 Bank Owned
104 Cedar Ridge $575,000 4 bed / 3 bath 3,782 sf Yr Blt 1990 Pool
104 Flat Rock $649,950 5 bed / 4 bath 3,672 sf Yr Blt 2000 Pool
New Sold/Closed with Sales Price:
106 Cedar Ridge $420,000 4 bed / 3 bath 3,994 sf Yr Blt 1990 Short Sale
101 Hodges $441,900 5 bed / 3.5 bath 3,675 sf Yr Blt 1988 Pool Short Sale
101 Mule Creek $474,000 3 bed / 3 bath 2,881 sf Yr Blt 1989 Pool
134 Feather Falls $529,000 4 bed / 3 bath 3,007 sf Yr Blt 1996
Robin's Marketing Minute:
Visit my website at www.RobinKaplan.com for home searches, mortgage calculators, Buyer & Seller information, plus much more!
*Source: Metrolist MLS
Property Sales: August property sales were 93, up 6.6% from August 2011 and higher than the 67 sales in last month. August 2012 sales were at their highest level compared to August 2011 and 2010. August YTD sales are running 2% ahead of last year's year-to-date sales.
Prices: The Median Sales Price in August was $344,000 up 10.3% from $312,000 in August of 2011 and down 2.7% from $353,500 last month. The Average Sales Price in August was $359,631, up 11% from $323,634 in August of 2011 and down 1.5% from $364,944 last month.
Inventory & Month's Supply of Inventory(MSI): With 93 homes closing escrow last month and only 85 available homes in Folsom we have less than a one month supply of available homes. A low MSI is more beneficial for sellers and the current sellers in Folsom are definitely in control of their sales with multiple offers being written on their homes.
The dollar per square foot average for sold homes in Folsom:
July 2011 - $157 July 2012 - $166
August 2011 - $153 August 2012 - $161
Housing States for August 2012*
Properties for Sale w/o Short Sale Contingent Status: 85 $99,900 - $1,100,000
Short Sale Contingent/Pending Lender Approval: 86 $85,000 - $ 890,000
Properties Sold in July 2012 67 $91,000 - $ 625,000
Properties Sold in August 2012 93 $95,000 - $ 700,000
Current Pending Sales 127 $75,600 - $ 900,000
August Sold Homes by number of units in each price bracket:
$100,000's - 13 $200,000's - 23 $300,000's - 35
$400,000's - 9 $500,000's - 11 $600,000's - 1
$700,000's - 1 $800,000's - 0 $900,000+ - 0
American River Canyon North:
Property Sales: August 2012 property sales were 4, up from 3 the previous month. There are currently 7 pending sales, up from 4 pending sales the previous month.
Prices: The Average Sales Price for August 2012 was $466,225, down from $490,000 the previous month. August of 2011 had an Average Sales price of $600,000. ARCN's sales prices are not experiencing the same increases that are being seen in the newer areas of Folsom.
Inventory & Month's Supply of Inventory (MSI): The listing inventory has virtually disappeared with only 3 active listings and 2 short sales currently available, versus 10 active listings and 1 short sale last month. In August 2011, ARCN was experiencing historically low active inventories with only 13 available listings, which makes today's MSI a new low.
The dollar per square foot average for sold homes in ARC North:
July 2011 - $169 July 2012 - $167
August 2011 - $184 August 2012 - $141
Click HERE for August 2012 Market Data
ARC North Stats for August 2012*: 3 Active, 2 Short Sale, 7 Pending, 4 Sold/Closed since 8/1/12
Changes to the ARC North Market since 8/1/12:
New Listings:
102 Cedar Ridge $510,000 4/5 bed / 3 bath 3,642 sf Yr Blt 1997 Pool Short Sale
New Pending Sales:
330 Canyon Falls $446,750 4 bed / 3 bath 3,159 sf Yr Blt 1991 Pool Bank Owned
248 ARC Drive $500,000 3/4 bed / 2.5 bath 3,549 sf Yr Blt 2000 Bank Owned
104 Cedar Ridge $575,000 4 bed / 3 bath 3,782 sf Yr Blt 1990 Pool
104 Flat Rock $649,950 5 bed / 4 bath 3,672 sf Yr Blt 2000 Pool
New Sold/Closed with Sales Price:
106 Cedar Ridge $420,000 4 bed / 3 bath 3,994 sf Yr Blt 1990 Short Sale
101 Hodges $441,900 5 bed / 3.5 bath 3,675 sf Yr Blt 1988 Pool Short Sale
101 Mule Creek $474,000 3 bed / 3 bath 2,881 sf Yr Blt 1989 Pool
134 Feather Falls $529,000 4 bed / 3 bath 3,007 sf Yr Blt 1996
Robin's Marketing Minute:
Visit my website at www.RobinKaplan.com for home searches, mortgage calculators, Buyer & Seller information, plus much more!
*Source: Metrolist MLS
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