Skip to main content

Folsom / American River Canyon North Market Update - October 2012

FOLSOM

Property Sales:  October property sales totalled 76, up 10.1% from 69 in October 2011 and 2.7% higher than the 70 sales last month.  October year-to-date (YTD) sales of 839 are running -1.8% behind last year's YTD sales of 854.

Prices:  The Median Sales Price in October was $360,000, up 20% from $300,000 in October 2011 and up 6.7% from $337,500 last month.  The Average Sales Price (ASP) in October was $371,929, up 18.6% from $313,574 in October 2011 and up 3.3% from $359,917 last month.  October's ASP was at it's highest level compared to October 2011 & 2010.

Inventory & Month's Supply of Inventory (MSI):   With 76 homes sold last month and 73 homes currently available in Folsom, we have less than a one month supply of available inventory.  Most sellers are receiving multiple offers.

Average Dollar Per Square Foot for Sold Homes:
September 2011 -  $155          September 2011 - $168
October 2011 -  $156              October 2012 - $169

Stats for October 2012:
Properties for Sale w/o Short Sale Contingent Status:  73    $94,900 - $1,497,000
Sale Sale Contingent/Pending Lender Approval:         88   $139,000 - $720,000
Properties Sold in September 2012                              71   $120,000 - $865,000
Properties Sold in October 2012                                  76   $150,000 - $830,000

October Sold Homes by Number of Units per Price Bracket:
$100,000's - 4     $200,000's - 21     $300,000's - 20
$400,000's - 21   $500,000's - 6       $600,000's - 3
$700,000's - 0     $800,000's - 1       $900,000+   0


AMERICAN RIVER CANYON NORTH                        

Property Sales:  4 homes closed escrow in October, down 1 from last month's 5 homes, but up by 2 from October 2011.

Prices:  The Average Sales Price (ASP) for October was $548,600, down from September 2012 ASP of $600,400, and down from October 2011 ASP of $613,750.

Inventory and Month's Supply of Inventory (MSI):  The available inventory is still low.  There are currently 6 available homes (4 equity sales & 2 short sales).  With 6 available properties and 4 closing escrow last month we have a 1.5 months supply of available inventory.

Average Dollar Per Square Foot for Sold Homes:
September 2011 - $127     September 2012 - $158
October 2011 - $145         October 2012 - $141

Click HERE for October 2012 Market Overview

Changes to the ARC North Market since 10/1/12:
New Listings
  105 Mule Creek         $459,000  4 bed / 4 bath       2,793sf  Yr Blt 1988  Short Sale
  226 ARC Dr.              $649,000  5 bed / 3.5 bath   3,619sf  Yr Blt 1990   Investor Flip
  226 N Falls Dr            $695,000  4 bed / 3 bath      3,981sf   Yr Blt 2005  
  106 Cedar Ridge         $738,000  4 bed / 3 bath      3,994sf   Yr Blt 1990  Investor Flip
  148 Temperance Rvr  $876,500  5/7 bed / 4.5 bath 5,286sf  Yr Blt 2006  Pool
New Pending Sales
  361 Canyon Falls       $499,000  4 bed / 3 bath       3,173sf  Yr Blt 1990 
  115 Cascade Falls      $549,000  4/5 bed / 3 bath    3,621sf  Yr Blt 1989  Pool
  311 Canyon Falls       $595,000  4 bed / 3.5 bath    3,810sf  Yr Blt 1995  Pool
  236 Cascade Fals       $640,000  4 bed / 3 bath       3,232sf  Yr Blt 1989  Pool
New Sold/Closed with Sales Price
  248 ARC Dr            $495,000   3/4 bed / 2.5 bath   3,549sf  Yr Blt 2000  Bank Owned
  321 Canyon Falls    $529,000   5 bed / 4 bath         4,532sf  Yr Blt 1991  Short Sale
  135 ARC Dr            $570,400  5 bed / 3 bath         3,502sf   Yr Blt 2000  Short Sale
  243 Alabaster Pt     $600,000  4 bed / 3 bath          4,037sf   Yr Blt 2006

Robin's Marketing Minute:
Visit my website at www.RobinKaplan.com for home searches, mortgages calculators, Folsom/ARCN Market Updates, Buyer/Seller Information, plus much more+
OCT Avoid scams

 

Comments

Popular posts from this blog

Folsom / American River Canyon North Market Update - October 2015

FOLSOM Property Sales:  October property sales were 107, up 30.5% from 82 in October of 2014, and  5.9% higher than the 101 sales last month.   October 2015 sales were at their highest level as compared to October of 2014 and 2013.   October  YTD sales of 952 are running 8.8% ahead of last year's year-to-date sales of 875. Prices:   The Median Sales Price in October was $442,000, up 7.8% from $410,000 in October of 2014 and up 4.7% from $422,000 last month.   The Average Sales Price (ASP) in October was $467,090, up 8.6% from $430,200 in October of 2014 and up 7.0% from $436,542 last month.   The  October ASP was at it's highest level as compared to October of 2014 and 2013. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of October was 137, down -19.4% from 170 last month and down -32.8% from 204 in October of last year.   Currently, there is a 1.3 month supply of inventory. Average Dollar Per Square Foot - Sold

American River Canyon North - February Market Update

AMERICAN RIVER CANYON NORTH Property Sales:    0 Total - Unchanged                                         Last List Price /  Sold Price      Prices - Average Sales Price / Dollar Per Square Foot:                             2016                                 2015                               2014                                               J an                  no sales                  $729,100 / $194         $545,000 / $176         Feb                    no sales                  668,333 /   192           637,500 /    212          March                                                 604,750 /   191           709,995 /   187         April                                                    665,400 /  187            654,098 /   180        May                                                    799,900 /   228           765,000 /   172     (1 sale in May 2015) June                                                   827,100 /   208           629,125 /   206

American River Canyon North - August 2017

Property Sales:   2  sale in August  -  up 1 from July         Last List & Sales Price     114 Tomlinson 3565 sf / 4 bed   / 3 bath  / pool /2 story     $760,000 / 760,000    122 ARC            5153 sf /  4 bed /  4 bath  /  pool /  2 story    939,000   / 906,000  Pending Sales:      2 pending in August - unchanged from July       Last List Price     152 Tomlinson    2666sf / 4 bed / 3 bath    /             / 2 story                 $625,000     138 Feather Fls  3246 sf / 4 bed / 3 bath   /  pool    / 2 story                   769,000  Currently Available:   14 homes  - down 2 from July      Click  ARCN MARKET REPORT  to view available homes Pricing:  Average Sales Price / Dollar Per Square Foot :                                  2017                           2016                         2015                         2014 Jan               $730,000 / $209               No Sales      $729,100 / $194       $545,000 / $176 Feb                        No Sales