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Showing posts from June, 2013

Folsom / American River Canyon North Market Update - May 2013

FOLSOM: Property Sales: May property sales were 121, up 21% from 100 in May 2012 and 33% higher than the 91 sales last month.  May 2013 sales were at their highest level compared to May 2012 and 2011.  May YTD sales of 429 are running 0.7% ahead of last year's year-to-date sales of 426. Prices: The Median Sales Price in May was $375,000, up 29.9% from $288,600 in May of 2012 and equal to $375,000 last month.  The Average Sales Price in May was $379,312, up 29.5% from $292,826 in May of 2012 and down -7% from $407,700 last month.  May 2013 ASP was at it's highest level compared to May of 2012 and 2011. Inventory & Month's Supply of Inventory (MSI): The total inventory of properties available for sale as of May was 103, down -11.2% from 116 last month and down -48% from 198 in May of last year.  The May 2013 MSI of 0.9 months was at it's lowest level compared to May of 2012 and 2011. Average Dollar Per Square Foot for Sold Homes: May 2013     -      $195