Folsom / American River Canyon North Market Update - October 2014

Folsom            
Property Sales:
 October property sales were 79, down -1.3% from 78 in October of 2013, and -25.7% lower than the 105 sales last month.
  October 2014 sales were at their lowest level as compared to October of 2013 and 2012.
  October YTD sales of 871 are running -6.7% behind last year's year-to-date sales of 934.

Prices:
  The Median Sales Price in October was $410,000, up 1.9% from $402,500 in October of 2013 and down -2.6% from $421,000 last month.
  The Average Sales Price in October was $428,813, up 1.8% from $421,352 in October 2013 and down -5.4% from $453,437 last month.
  The October ASP was at it's highest level as compared to October 2013 and 2012.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale as of October was 185, down -17% from 223 last month and down -4.1% from 193 in October of last year.
  Currently, there is a 2.4 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:
                        2014                    2013                    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                   213                      211
Nov                                              203                     168
Dec                                              201                     167
          
Stats for October 2014:
  Properties for Sale w/o Short Sale Contingent:              181     $134,900 - $1,229,000
    (149 in October 2013)
  Short Sale Contingent / Pending Lender Approval:         12     $220,000 - $   710,000
    (28 in October 2013)
  Pending Sales:                                                                    81     $199,000 - $   799,000
    (88 in October 2013)
  Sold in October 2014                                                          79     $  72,000 - $   980,000
    (78 in October 2013)

October Sold Homes by # of Units Per Price Bracket:
   $100,000's - 2          $200,000's - 9          $300,000's - 25
   $400,000's - 25        $500,000's - 10        $600,000's - 4
   $700,000's - 2          $800,000's - 1          $900,000+ - 1

FOLSOM MARKET REPORT - OCT 2014

American River Canyon North
Property Sales:   3 total - unchanged from 3 in September
  100 Buckner Ct  3154 sf / 4 bed / 3.5 bath / pool / 2 story / yb 1988     $535,000
  146 ARC Dr       4070 sf / 4 bed / 3.5 bath / pool / 2 story / yb 1989       705,000
  149 Kettle Rock 3822 sf / 4 bed / 3.5 bath / pool / 2 story / yb 2003       742,500

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           660,833 /   179        575,000 /   168
Nov                                             517,400 /   140               $501,125 / $135
Dec                                                   no sales                       555,666 /  157

Pending Sales:   4 total - down from 5 in September
  136 Cascade F    3438 sf / 5 bed / 4 bath    / pool / 2 story / yb 1988  $545,000 Short Sale
  241 ARC Dr       4185 sf / 5 bed / 3.5 bath / pool / 2 story / yb 2003    675,000 Short Sale
  168 Temperance 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 / none / 1 story / yb 2006   710,000 Short Sale

Available Inventory:   8 total - down from 11 in September
  Use the ARC North Market Report link below to view properties

ARC NORTH MARKET REPORT - OCT 2014

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

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