Folsom / American River Canyon North Market Update - Sept 2014

Folsom
Property Sales:
  September property sales were 101, up 26.3% from 80 in September of 2013 and -1% lower than the 102 sales last month.
  September 2014 sales were at their highest level as compared to September of 2013 and 2012.
  September YTD sales of 787 are running -8% behind last year's year-to-date sales of 855.

Prices:
  The Median Sales Price in September was $427,500, up 4.9% from $407,500 in September of 2013 and up 0.1% from $427,000 last month.
  The Average Sales Price in September was $458,201, up 10% from $416,377 in September 2013 and up 0.1% from $457,656 last month.
  The September 2014 ASP was at it's highest level as compared to September of 2013 and 2012.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale in September was 205, down -8.9% from 225 last month and up 1% from 203 in September of last year.
  There is currently a 2 months supply of inventory.

Average Dollar Per Square Foot - Sold Homes:
                               2014      2103     2012
Jan                          $193      $174
Feb                           217        181
March                      209        178
April                        206        178
May                         220        195
June                         211        198
July                          211       166
Aug                         218        211
Sept                        215        211
Oct                                        211      169
Nov                                       203      168
Dec                                       201      167

Stats for September 2014:
  Properties for Sale w/o Short Sale Contingent:          205     $154,270 - $1,229,000
    (170 in September 2013)
  Short Sale Contingent / Pending Lender Approval      11     $220,000 - $   710,000
    (25 in September 2013)
  Pending Sales                                                                 91     $215,000 - $1,025,000
    (81 in September 2013)
  Sold in September 2014                                               101     $125,000 - $1,130,000
    (80 in September 2013)

September Sold Homes by # of Units Per Price Bracket:
  $100,000's - 2     $200,000's - 7     $300,000's - 34
  $400,000's - 33   $500,000's - 12   $600,000's - 5
  $700,000's - 7     $800,000's - 0     $900,000+ - 2

FOLSOM MARKET REPORT - SEPT 2014

American River Canyon North
Property Sales: 3 total - down from 4 in August
  179 Tomlinson         2954 sf  / 3 bed  / 3 bath  / pool  / 2 story  / yb 1996 /       $680,000
  100 Light Ct               4119 sf /  5 bed  / 3 bath  / pool  / 2 story  / yb 1989 /       710,000 Short Sale
  1522 Snowy Range    3568 sf /  4 bed / 3.5 bath / no pool / 2 story / yb 2005 /   793,500

Prices - Average Sales Price / Dollar Per Square Foot:
                               2014                   2013                     2012
Jan               $545,000 / $176     $549,000 / $161
Feb                637,500 /   212       570,539 /   148
March           709,995 /   187       582,750 /   158
April             654,098 /   180       601,475 /   168
May              765,000 /   172       655,000 /   168
June              629,125 /   206       622,750 /   187
July              633,725 /   173        644,800 /  168
Aug              643,250 /   182        561,250 /  202
Sept              680,000 /  206        639,500 /  158
Oct                                               575,000 /  168       no sales
Nov                                              517,400 /  140      $501,125 / 135
Dec                                                no sales                 555,666 / 157

Pending Sales:  5 total - down from 7 in August
  100 Buckner Ct          3154 sf / 4 bed / 4 bath / pool / 2 story / yb 1988    /    $549,950
  168 Temperance Rvr  3578 sf / 5 bed / 3.5 bath / pool / 2 story / yb 2005 /      699,000 Short Sale
  607 Broken Top         3567 sf / 4/5 bed / 3 bath / no pool / 1 story / yb 2006 / 710,000 Short Sale
  146 ARC Dr               4070 sf / 4 bed / 3.5 bath / pool / 2 story /  yb 1989   /   714,000
  149 Kettle Rock         3822 sf  / 4 bed / 3.5 bath / pool / 2 story / yb 2003   /   749,000

Available Inventory: 
  Use the ARC North Market Report link below to view properties

ARC NORTH MARKET REPORT - SEPT 2014

Please visit my website RobinKaplan.com to search for properties, mortgage calculators, Seller & Buyer information, Market Updates, plus much, much more!
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