FOLSOM:
Property Sales: September property sales were 70, down -32.7% from 104 in September of 2011 and -28.6% lower than the 93 sales last month. September year-to-date (YTD) sales of 759 are running -3.3% behind last year's YTD sales of 785.
Prices: The median Sales Price in September was $337,500, up 13.1% from $298,500 in September of 2011 and up .06% from $335,500 last month. The Average Sales Price in September was $360,569, up 13.3% from $318,211 in September of 2011 and up 7.2% from $336,322 last month.
Inventory & Month's Supply of Inventory (MSI): With 71 homes sold last month and only 63 available homes in Folsom we have less than a one month supply of available inventory. Many sellers in Folsom under the $450,000 and under price range are still receiving multiple offers on their homes.
Average Dollar Per Square Foot for Sold Homes:
August 2011 - $153 August 2012 - $161
September 2011 - $155 September 2012 - $168
Stats for September 2012:
Properties for Sale w/o Short Sale Contingent Status: 63 $99,900 - $1,100,000
Short Sale Contingent/Pending Lender Approval 87 $85,000 - $ 799,000
Properties Sold in August 2012 93 $95,000 - $ 700,000
Properties Sold in September 2012 71 $120,000 - $ 865,000
Current Pending Sales 127 $75,000 - $ 900,000
September Sold Homes by Number of Units Per Price Bracket:
$100,000's - 4 $200,000's - 23 $300,000's - 22
$400,000's - 13 $500,000's - 3 $600,000's - 3
$700,000's - 2 $800,000's - 1 $900,000+ - 0
AMERICAN RIVER CANYON NORTH:
Property Sales: 5 homes closed escrow in September 2012, up from 4 in August 2012 and up from 1 in September 2011.
Prices: The Average Sales Price for September 2012 was $600,400, up from $466,225 in August 2012. September 2011 had an Average Sales Price of $469,500.
Inventory & Month's Supply of Inventory (MSI): The available inventory has remained constant over the last several months. There are currently 5 available homes (4 equity sales and 1 short sale). With only 5 homes on the market and 5 homes closed last month, we have currently have a one month supply of available homes.
Average Dollar Per Square Foot for Sold Homes:
August 2011 - $184 August 2012 - $141
September 2011 - $127 September 2012 - $158
Click HERE for September 2012 Market Data
Changes to the ARC North Market since 9/1/12:
New Listings:
361 Canyon Falls $509,000 4 bed / 3 ba 3,173sf Yr Blt 1990
115 Cascade Falls $549,000 4/5 bed / 3 ba 3,621 sf Yr Blt 1989 Pool
311 Canyon Falls $595,000 5 bed / 3.5 ba 3,813 sf Yr Blt 1995 Pool
New Pending Sales:
171 ARC Drive $475,000 4 bed / 3.5 ba 3,828 sf Yr Blt 1989 Pool Short Sale
155 ARC Drive $559,000 5/6 bed / 3 ba 3,332 sf Yr Blt 1997 Pool
135 ARC Drive $570,000 5 bed / 3 ba 3,502 sf Yr Blt 2000 Short Sale
243 Alabaster Pt $619,000 4 bed / 3 ba 4,037 sf Yr Blt 2006
New Sold/Closed with Sales Price:
330 Canyon Falls $437,000 4 bed / 3 ba 3,159 sf Yr Blt 1991 Pool Bank Owned
104 Cedar Ridge $575,000 4 bed / 3 ba 3,782 sf Yr Blt 1990 Pool
140 Feather Falls $620,000 4 bed / 4 ba 4,149 sf Yr Blt 1997 Pool Bank Owned
104 Flat Rock $645,000 5 bed / 4 ba 3,672 sf Yr Blt 2000 Pool
249 Cascade Falls $725,000 5 bed / 4 ba 4,063 sf Yr Blt 1989 Pool
ROBIN'S MARKETING MINUTE:
Visit my website at www.RobinKaplan.com for home searches, mortgages calculators, Folsom/ARC North Market Updates, Buyer/Seller Information, plus much more!
You will soon be receiving your 2012/2013 property tax bill. If you disagree with your current assessed value, you have a right to file for an informal review by the Assessor during their filling period of July 2nd through November 30th. Appeal form and instructions are available at www.sccob.saccounty.net/pages/assess or call (916) 874-8174. I can provide the ARCN sales comps necessary to complete your application.
Property Sales: September property sales were 70, down -32.7% from 104 in September of 2011 and -28.6% lower than the 93 sales last month. September year-to-date (YTD) sales of 759 are running -3.3% behind last year's YTD sales of 785.
Prices: The median Sales Price in September was $337,500, up 13.1% from $298,500 in September of 2011 and up .06% from $335,500 last month. The Average Sales Price in September was $360,569, up 13.3% from $318,211 in September of 2011 and up 7.2% from $336,322 last month.
Inventory & Month's Supply of Inventory (MSI): With 71 homes sold last month and only 63 available homes in Folsom we have less than a one month supply of available inventory. Many sellers in Folsom under the $450,000 and under price range are still receiving multiple offers on their homes.
Average Dollar Per Square Foot for Sold Homes:
August 2011 - $153 August 2012 - $161
September 2011 - $155 September 2012 - $168
Stats for September 2012:
Properties for Sale w/o Short Sale Contingent Status: 63 $99,900 - $1,100,000
Short Sale Contingent/Pending Lender Approval 87 $85,000 - $ 799,000
Properties Sold in August 2012 93 $95,000 - $ 700,000
Properties Sold in September 2012 71 $120,000 - $ 865,000
Current Pending Sales 127 $75,000 - $ 900,000
September Sold Homes by Number of Units Per Price Bracket:
$100,000's - 4 $200,000's - 23 $300,000's - 22
$400,000's - 13 $500,000's - 3 $600,000's - 3
$700,000's - 2 $800,000's - 1 $900,000+ - 0
AMERICAN RIVER CANYON NORTH:
Property Sales: 5 homes closed escrow in September 2012, up from 4 in August 2012 and up from 1 in September 2011.
Prices: The Average Sales Price for September 2012 was $600,400, up from $466,225 in August 2012. September 2011 had an Average Sales Price of $469,500.
Inventory & Month's Supply of Inventory (MSI): The available inventory has remained constant over the last several months. There are currently 5 available homes (4 equity sales and 1 short sale). With only 5 homes on the market and 5 homes closed last month, we have currently have a one month supply of available homes.
Average Dollar Per Square Foot for Sold Homes:
August 2011 - $184 August 2012 - $141
September 2011 - $127 September 2012 - $158
Click HERE for September 2012 Market Data
Changes to the ARC North Market since 9/1/12:
New Listings:
361 Canyon Falls $509,000 4 bed / 3 ba 3,173sf Yr Blt 1990
115 Cascade Falls $549,000 4/5 bed / 3 ba 3,621 sf Yr Blt 1989 Pool
311 Canyon Falls $595,000 5 bed / 3.5 ba 3,813 sf Yr Blt 1995 Pool
New Pending Sales:
171 ARC Drive $475,000 4 bed / 3.5 ba 3,828 sf Yr Blt 1989 Pool Short Sale
155 ARC Drive $559,000 5/6 bed / 3 ba 3,332 sf Yr Blt 1997 Pool
135 ARC Drive $570,000 5 bed / 3 ba 3,502 sf Yr Blt 2000 Short Sale
243 Alabaster Pt $619,000 4 bed / 3 ba 4,037 sf Yr Blt 2006
New Sold/Closed with Sales Price:
330 Canyon Falls $437,000 4 bed / 3 ba 3,159 sf Yr Blt 1991 Pool Bank Owned
104 Cedar Ridge $575,000 4 bed / 3 ba 3,782 sf Yr Blt 1990 Pool
140 Feather Falls $620,000 4 bed / 4 ba 4,149 sf Yr Blt 1997 Pool Bank Owned
104 Flat Rock $645,000 5 bed / 4 ba 3,672 sf Yr Blt 2000 Pool
249 Cascade Falls $725,000 5 bed / 4 ba 4,063 sf Yr Blt 1989 Pool
ROBIN'S MARKETING MINUTE:
Visit my website at www.RobinKaplan.com for home searches, mortgages calculators, Folsom/ARC North Market Updates, Buyer/Seller Information, plus much more!
You will soon be receiving your 2012/2013 property tax bill. If you disagree with your current assessed value, you have a right to file for an informal review by the Assessor during their filling period of July 2nd through November 30th. Appeal form and instructions are available at www.sccob.saccounty.net/pages/assess or call (916) 874-8174. I can provide the ARCN sales comps necessary to complete your application.
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