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+
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+
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