Folsom / American River Canyon North Market Update - July 2013

FOLSOM
Property Sales:
  July property sales were 101, up 32.9% from 76 in July 2012 and -13.7% lower than the 117 sales last month.
  July 2013 sales were at a mid level compared to July 2012 and 2011.
  July YTD sales of 653 are running 10.5% ahead of last year's year-to-date sales of 591.
  July 2013 short sale properties were 30, down -67% as compared to 90 in July 2012.

Inventory &Month's Supply of Inventory (MSI):
  The Median Sales Price in July was $415,000, up 26.% from $328,912 in July of 2012 and up 3.8% from $399,900 last month.
  The Average Sales Price in July was $433,945, up 25.7% from $345,298 in July of 2012 and up 4.2% from $416,643 last month.
  July 2013 ASP was at it's highest level as compared to July of 2012 and 2011.

Average Dollar Per Square Foot for Sold Homes:
July 2013   -   $198         July 2012   -   $166
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 July 2013:
Properties for sale w/o Short Sale Contingent Status     139     $179,900 - $2,399,000
Short Sale Contingent/Pending Lender Approval             30     $184,900 - $   589,900
Properties Sold in July 2013                                       101     $165,000 - $1,100,000
Current Pending Sales                                                145    $130,000 - $1,205,000

July Sold Homes by Number of Units per Price Bracket:
$100,000's - 1        $200,000's - 9        $300,000's - 35
$400,000's - 33      $500,000's - 11      $600,000's - 9
$700,000's - 2        $800,000's - 0       $900,000 + - 1

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH
Property Sales:
July 2013 -
  151 ARC Dr         3126 sf / 4 bed     / 3 bath  / YB 1988 /              / pool / $545,000
  125 Feather Falls   3694 sf / 3-4 bed / 3 bath   / YB 1998 / 1 story  / pool / $630,000
  229 Cascade Falls  3627 sf / 4 bed    /3.5 bath / YB 1989 /            /         / $649,000
  154 Red Ridge       4582 sf / 4 bed   / 3.5 bath / YB 2002 /short sale/ pool /$680,000
  208 ARC Dr          4176 sf / 4 bed   / 3.5 bath / YB 1989 /             /        /$720,000

Prices:
Average Sale Price & Dollar Per Square Foot
  July 2013  -  $644,800 / $168              July 2012  -  $490,000 / $167
  June 2013 -  $622,750 / $187              June 2012 -  $581,667 / $151
  May 2013 -  $655,000 / $168              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 2013   - $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):
Current available homes:
  335 ARC Dr      2402 sf / 3 bed  / 3 bath  /   YB 2001  /              /         / $548,500
  264 ARC Dr      2618 sf / 3 bed  /2.5 bath /   YB 1995 /1 story   / pool   / $624,000
  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   / $719,000
  107 Copper Crk 3493 sf / 4 bed / 3 bath /      YB 1990 /             / pool   / $749,000
  126 Carmody     3630 sf / 4 bed / 4 bath /     YB 1990 /              / pool   / $775,000
  141 Chimney Blf 4817 sf / 4 bed / 3.5 bath /  YB 2004 /short sale/ pool   / $799,000

Pending Sales:
  159 Lost Creek  2906 sf / 3-4 bed / 2 bath /  YB 1988 /1 story    / pool /   $589,500
  102 Heart Butte  3542 sf / 4 bed   /  3 bath /  YB

ARCN MARKET REPORT

*Data Source:  Metrolist MLS 

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