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Folsom / American River Canyon North Market Update - June 2013

FOLSOM:
Property Sales:
  June property sales were 114, up 28.1% from 89 in June 2012 and -10.2% lower than the 127 sales last month.
  June 2013 sales were at their highest level compared to June of 2012 and 2011.
  June YTD sales of 549 are running 6.6% ahead of last year's YTD of 515.
  June 2013 short sale properties were 31, down -66% as compared to 90 in July 2012.

Prices:
  The Median Sales Price in June was $397,090, up 14.6% from June 2012, and up 5.9% from $375,000 last month.
  The Average Sales Price in June was $416,685, up 15% from $362,355 in June 2012 and up 9.9% from $397,042 last month.
   June 2013 ASP was at it's highest level as compared to June of 2012 and 2011.

Inventory & Month's Supply of Inventory (MSI):
  The total inventory of properties available for sale as of June was 135, up 3.1% from 131 last month and down -28.9% from 190 in June 2012.
  June 2013 inventory was at it's lowest level as compared with June 2012 and 2011. 
   
Average Dollar Per Square Foot for Sold Homes:
June 2013    -    $198          June 2012    -    $162
May 2013    -    $195          May 2012    -    $150
April 2013   -    $178         April 2012    -    $150
March 2013 -    $178         March 2012  -    $151
Feb 2013     -    $181          Feb 2012      -    $152
Jan 2013      -   $174          Jan 2012       -    $150

Stats for June 2013:
Properties for sale w/o Short Sale Contingent Status      123     $170,000 - $2,399,000
Short Sale Contingent/Pending Lender Approval             31     $290,000 - $   660,000
Properties Sold in June 2013                                           114     $104,000 - $1,000,000
Current Pending Sales                                                     156     $130,000 - $1,205,000

June Sold Homes by Number of Units per Price Bracket:
$100,000's  -  5      $200,000's  -  18     $300,000's  -  36
$400,000's  -  27    $500,000's  -  13     $600,000's  -  8
$700,000's  -  6      $800,000's  -  0       $900,000+  -  1

FOLSOM MARKET REPORT


AMERICAN RIVER CANYON NORTH:
Property Sales:
June 2013 -
  147 Tomlinson      3186 sf / 4 bed    / 3 bath     / YB 1990 /          / $540,000 (my listing)
  251 Canyon Falls  3111 sf / 3/4 bed / 2.5 bath  / YB 2000 / 1 stry / $601,000 (my listing)
  314 Canyon Falls  3401 sf / 4/5 bed / 4.5 bath  / YB 2005 /          / $649,999
  348 Canyon Falls  3541 sf / 5 bed    / 3.5 bath /  YB 1991 / pool  / $700,000

Prices:
Average Sale Price & Dollar Per Square Foot
  June 2013 - $622,750  /  $187                  June 2012 - $581,667  /  $151
  May 2013 - $655,000  /  $183                  May 2012 - $472,520 /  $143
  April 2013 - $601,475 /  $168                  April 2012 -$572,475 /  $157
  Mar 2013  - $582,750  /  $158                  Mar 2012  - $675,000 /  $193 (1 sale)
  Feb 213   - $570,529  /  $148                   Feb 2012   - no sales
  Jan 2013   -  $549,000  / $161 (1 sale)     Jan 2012 -   $513,333 / $151

Inventory & Month's Supply of Inventory (MSI):
  The available inventory is still very low with 5 homes (no short sales or bank owned), this is up from 3 available homes in May 2013.
  Current available homes:
      110 Tomlinson     3315 sf / 5 bed     / 4.5 bath / YB 1989 / pool / $595,000
      226 N Falls           3981 sf / 4/5 bed / 3 bath    /  YB 2005 /         / $697,000
      138 Tomlinson     4920 sf / 5/6 bed / 5.5 bath /  YB 1990 / pool / $739,000
      107 Copper Crk    3493 sf / 4 bed   /  3 bath   /   YB 1990 / pool / $749,000
      148 Temperance   5286 sf / 5/7 bed / 4.5 bath /  YB 2006 / pool / $850,000

Pending Sales:
   151 ARC Dr         3186 sf / 4 bed    / 3 bath      /  YB 1990 / pool / $535,000
   159 Lost Creek     2906 sf / 3/4 bed / 2 bath     /   YB 1988 / pool / $589,500  1 story
   125 Feather Falls  3694 sf / 3/4 bed / 3 bath     /   YB 1998 / pool / $625,000  1 story
   229 Cascade Falls 3627 sf / 4 bed    / 3.5 bath  /   YB 1989 /         / $649,000  views
   154 Red Ridge      4582 sf / 4 bed    / 3.5 bath  /   YB 2002 / pool / $680,000  short sale
   208 ARC Dr         4176 sf / 4 bed    / 3.5 bath  /    YB 1989 /         / $749,000 views
Source:  Metrolist MLS Data

ARCN MARKET REPORT

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Visit my website RobinKaplan.com to search for homes, mortgage calculators, Folsom/ ARC Market Updates, Buyer/Seller information, plus much, much more! 
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