FOLSOM
Property Sales: December property sales were 76, down -7.3% from 82 in December 2011 and -15.6% lower than the 90 sales last month. December year-to-date (YTD) sales of 1,008 are running -1.4% behind last year's YTD sales of 1,022.
Prices: The median sales price in December was $355,965, up 26% from $282,500 in December 2011, and up 3.5% from $343,917 last month. The Average Sales Price in December was $380,237, up 29.7% from $293,111 in December 2011, and up 9.1% from $348,527 last month. December 2012 ASP was at it's highest level compared to December of 2011 and 2010.
Inventory & Month's Supply of Inventory (MSI): With 76 homes sold in December and 55 homes currently available in Folsom, there is less than a one month supply of available inventory.
Average Dollar Per Square Foot for Sold Homes:
October 2011 - $156 October 2012 - $169
November 2011 - $153 November 2012 - $167
December 2011 - $152 December 2012 - $167
Stats for December 2012:
Properties for Sale w/o Short Sales Contingent Status 55 $90,000 - $1,497,000
Short Sale Contingent / Pending Lender Approval 71 $90,000 - $ 599,000
Properties Sold in November 2012 88 $83,500 - $ 769,000
Properties Sold in December 2012 76 $140,250 - $ 920,000
Sold Homes by Price Bracket - December 2012:
$100,000's - 7 $200,000's - 15 $300,000's - 29
$400,000's - 14 $500,000's - 6 $600,000's - 4
$700,000's - 2 $800,000's - 0 $900,000+ - 1
AMERICAN RIVER CANYON NORTH - Year End Review
How did 2012 compare with the past 5 years?
2012 Total Homes Sold: 37
Non Distressed/Equity Sales 24 (64% of total sales)
Short Sale Properties 7 (19% of total sales)
Bank Owned Properties 6 (16% of total sales)
Average Days on Market 54 days
Average List Price $553,063
Average Sold Price $539,511
Sold Price Avg $ per SF $150.31
2011 Total Homes Sold 29
Non Distressed/Equity Sales 13 (44% of total sales)
Short Sale Properties 12 (41% of total sales)
Bank Owned Properties 4 (13% of total sales)
Average Days on Market 93 days
Average List Price $582,186
Average Sold Price $560,190
Sold Price Avg $ per SF $158.55
2010 Total Homes Sold 32
Non Distressed/Equity Sales 18 (56% of total sales)
Short Sale Properties 5 (15% of total sales)
Bank Owned Properties 9 (28% of total sales)
Average Days on Market 32 days
Average List Price $576.334
Average Sold Price $565,218
Sold Price Avg $ per SF $163.95
2009 Total Homes Sold 22
Non Distressed/Equity Sales 10 (45% of total sales)
Short Sale Properties 4 (18% of total sales)
Bank Owned Properties 8 (36% of total sales)
Average Days on Market 75 days
Average List Price $598,184
Average Sold Price $578,696
Sold Price Avg $ per SF $162.55
2008 Total Homes Sold 30
Non Distressed/Equity Sales 13 (43% of total sales)
Short Sale Properties 4 (13% of total sales)
Bank Owned Properties 13 (43% of total sales)
Average Days on Market 89 days
Average List Price $715,463
Average Sold Price $684,914
Sold Price Avg $ per SF $187.01
2007 Total Homes Sold 37
Non Distressed/Equity Sales 33 (97% of total sales)
Short Sale Properties 1 (2% of total sales)
Bank Owned Properties 0
Average Days on Market 69 days
Average List Price $716,951
Average Sold Price $682,897
Sold Price Avg $ per SF $221.86
The above statistics have been compiled for all single family homes in ARC North (not including The Cascades or Canyon Falls Village) utilizing Metrolist MLS data.
The number of homes sold in 2012 is up 9% over the previous high of 34 homes sold in 2007. Bank owned properties and short sales no longer represent the majority of home sales in ARC North.
Over the past 6 years values in the Canyon have continued downward despite the surge in home values in Folsom overall. ARCN's 2007 average sale price per square foot was $221, substantially higher than the current $153. With the increased activity we have seen in 2012, I believe that 2013 will be the year where property values will again be on the increase due to low inventory and high buyer demand.
Average days on market have been as high as 93 in 2011 to 2012's low of 54. Again, due to the historically low inventory of available homes in the Canyon.
If you are considering selling in 2013, it's all good news...American River Canyon North homes are selling! In my 19 years of experience in the Canyon, the sellers who obtain the best prices and receive an acceptable offer in the least amount of time are the sellers who have maintained their home, updated (if necessary), prepare the home for market, and list with an experienced real estate professional who will provide knowledgeable guidance through each step in the process.
Visit my website www.RobinKaplan.com to follow my Folsom / ARC North Monthly Market Update, receive updated seller and buyer information, property searches (plus a mobile app), mortgage calculators, and much more!
Robin's Marketing Minute
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Property Sales: December property sales were 76, down -7.3% from 82 in December 2011 and -15.6% lower than the 90 sales last month. December year-to-date (YTD) sales of 1,008 are running -1.4% behind last year's YTD sales of 1,022.
Prices: The median sales price in December was $355,965, up 26% from $282,500 in December 2011, and up 3.5% from $343,917 last month. The Average Sales Price in December was $380,237, up 29.7% from $293,111 in December 2011, and up 9.1% from $348,527 last month. December 2012 ASP was at it's highest level compared to December of 2011 and 2010.
Inventory & Month's Supply of Inventory (MSI): With 76 homes sold in December and 55 homes currently available in Folsom, there is less than a one month supply of available inventory.
Average Dollar Per Square Foot for Sold Homes:
October 2011 - $156 October 2012 - $169
November 2011 - $153 November 2012 - $167
December 2011 - $152 December 2012 - $167
Stats for December 2012:
Properties for Sale w/o Short Sales Contingent Status 55 $90,000 - $1,497,000
Short Sale Contingent / Pending Lender Approval 71 $90,000 - $ 599,000
Properties Sold in November 2012 88 $83,500 - $ 769,000
Properties Sold in December 2012 76 $140,250 - $ 920,000
Sold Homes by Price Bracket - December 2012:
$100,000's - 7 $200,000's - 15 $300,000's - 29
$400,000's - 14 $500,000's - 6 $600,000's - 4
$700,000's - 2 $800,000's - 0 $900,000+ - 1
AMERICAN RIVER CANYON NORTH - Year End Review
How did 2012 compare with the past 5 years?
2012 Total Homes Sold: 37
Non Distressed/Equity Sales 24 (64% of total sales)
Short Sale Properties 7 (19% of total sales)
Bank Owned Properties 6 (16% of total sales)
Average Days on Market 54 days
Average List Price $553,063
Average Sold Price $539,511
Sold Price Avg $ per SF $150.31
2011 Total Homes Sold 29
Non Distressed/Equity Sales 13 (44% of total sales)
Short Sale Properties 12 (41% of total sales)
Bank Owned Properties 4 (13% of total sales)
Average Days on Market 93 days
Average List Price $582,186
Average Sold Price $560,190
Sold Price Avg $ per SF $158.55
2010 Total Homes Sold 32
Non Distressed/Equity Sales 18 (56% of total sales)
Short Sale Properties 5 (15% of total sales)
Bank Owned Properties 9 (28% of total sales)
Average Days on Market 32 days
Average List Price $576.334
Average Sold Price $565,218
Sold Price Avg $ per SF $163.95
2009 Total Homes Sold 22
Non Distressed/Equity Sales 10 (45% of total sales)
Short Sale Properties 4 (18% of total sales)
Bank Owned Properties 8 (36% of total sales)
Average Days on Market 75 days
Average List Price $598,184
Average Sold Price $578,696
Sold Price Avg $ per SF $162.55
2008 Total Homes Sold 30
Non Distressed/Equity Sales 13 (43% of total sales)
Short Sale Properties 4 (13% of total sales)
Bank Owned Properties 13 (43% of total sales)
Average Days on Market 89 days
Average List Price $715,463
Average Sold Price $684,914
Sold Price Avg $ per SF $187.01
2007 Total Homes Sold 37
Non Distressed/Equity Sales 33 (97% of total sales)
Short Sale Properties 1 (2% of total sales)
Bank Owned Properties 0
Average Days on Market 69 days
Average List Price $716,951
Average Sold Price $682,897
Sold Price Avg $ per SF $221.86
The above statistics have been compiled for all single family homes in ARC North (not including The Cascades or Canyon Falls Village) utilizing Metrolist MLS data.
The number of homes sold in 2012 is up 9% over the previous high of 34 homes sold in 2007. Bank owned properties and short sales no longer represent the majority of home sales in ARC North.
Over the past 6 years values in the Canyon have continued downward despite the surge in home values in Folsom overall. ARCN's 2007 average sale price per square foot was $221, substantially higher than the current $153. With the increased activity we have seen in 2012, I believe that 2013 will be the year where property values will again be on the increase due to low inventory and high buyer demand.
Average days on market have been as high as 93 in 2011 to 2012's low of 54. Again, due to the historically low inventory of available homes in the Canyon.
If you are considering selling in 2013, it's all good news...American River Canyon North homes are selling! In my 19 years of experience in the Canyon, the sellers who obtain the best prices and receive an acceptable offer in the least amount of time are the sellers who have maintained their home, updated (if necessary), prepare the home for market, and list with an experienced real estate professional who will provide knowledgeable guidance through each step in the process.
Visit my website www.RobinKaplan.com to follow my Folsom / ARC North Monthly Market Update, receive updated seller and buyer information, property searches (plus a mobile app), mortgage calculators, and much more!
Robin's Marketing Minute
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