Skip to main content

Posts

Showing posts from January, 2015

2014 Year End Review - American River Canyon North

American River Canyon North 2014 Year End Review How did 2014 compare with the past 4 years? The number of homes sold in 2014 is down -9.6% from 31 homes sold in 2013 and down -19.3% from the highest level of 37 sold in 2012. Short sales and bank owned properties have declined to almost insignificant levels since their highs in 2008 and 2009. Home values have continued to make modest gains over the last 3 years.  Use the link below to see the 2015 Housing Market Forecast provided by the California Association of Realtors. 2015 HOUSING MARKET FORECAST - Calif Assoc of Realtors The average days on market has increased from 31 in 2013 to 54 in 2014 despite a smaller supply of available inventory.  However, 54 days is a significant improvement over the 93 days we were experiencing in in 2011. If you are considering selling your home in 2015:   In my 20+ years of experience in "The Canyon", the sellers who obtain the best prices and an acceptable off

Folsom / American River Canyon North Market Update - December 2014

Folsom               Property Sales:  December property sales were 60, down -7.7% from 65 in December of 2013, and -1.6% lower than the 61 sales last month.   December 2014 sales were at their lowest level as compared to December of 2013 and 2012.   December YTD sales of 996 are running -7.1% behind last year's year-to-date sales of 1,072.. Prices:   The Median Sales Price in December was $392,500, up 1.9% from $385,000 in December of 2013 and down -3.6% from $407,00 last month.   The Average Sales Price in December was $398,791, up 3.7% from $384,439 in December 2013 and down -0.4% from $400,544 last month.   The December ASP was at it's highest level as compared to December 2013 and 2012. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of December was 106, down -27.4% from 146 last month and down -7.0% from 114 in December of last year.   Currently, there is a 1.76 month supply of inventory. Average D