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Folsom / American River Canyon North Market Update - August 2015

FOLSOM


Property Sales:
 August property sales were 99, down -2.9% from 102 in August of 2014, and  -20.2% lower than the 124 sales last month.
  August 2015 sales were at their lowest level as compared to July of 2014 and 2013.
  August YTD sales of 738 are running 7.3% ahead of last year's year-to-date sales of 688.

Prices:
  The Median Sales Price in August was $435,000, up 1.9% from $427,000 in August of 2014 and down -4.3% $454,594 last month.
  The Average Sales Price in August was $445,739, down -2.6% from $457,656 in August of 2014 and down -3.6% from $462,449 last month.
  The August ASP was at mid range as compared to August of 2014 and 2013.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale as of August was 194, down -2.9% from 204 last month and down -15.4% from 234 in August of last year.
  Currently, there is a 2 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:
                   2015                   2014                    2013              
Jan             $210                    $193             
Feb              212                      217                     
March          215                      209                    
April            222                       206                      
May            222                       220                    
June           219                       211                    
July            225                       211                    
Aug            224                       218                     
Sept                                        215                       211
Oct                                         213                       211
Nov                                        216                       203               
Dec                                        210                       201 
     
Stats for August 2015:
  Properties for Sale w/o Short Sale Contingent:              194   $168,700   -  $1,299,000
    (99 in August 2014)
  Short Sale Contingent / Pending Lender Approval:           9    $275,585  -  $   675,000
    (17 in August 2014)
  Pending Sales:                                                                   129    $209,900  -  $1,190,000 
    (124 in August 2014)
  Sold in August 2015                                                            99    $171,000  -  $   822,000
    (99 in August 2014)

July Sold Homes by # of Units Per Price Bracket:
   $100,000's - 1          $200,000's - 8          $300,000's - 24
   $400,000's - 37        $500,000's - 21        $600,000's - 4
   $700,000's - 2          $800,000's - 2          $900,000+ - 0

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:   4 Total - Up 1 from 4 in July
   221 ARC Dr          2918 sf / 4 bed / 3 bath    /         / 1 story / yb 1994       $587,000
  105 Meadow Lks  3315 sf / 4 bed / 3 bath    /          / 1 story / yb 1996         625,000
   316 Canyon Falls 4849 sf / 5-6 bed/3 bath  /  pool / 2 story / yb  1991        750,000
   104 Wolf Pt Ct      3312 sf / 4-5 bed / 3.5 ba / pool / 2 story / yb  1998        750,000

Prices - Average Sales Price / Dollar Per Square Foot:
                      2015                          2014                           2013                            
Jan           $729,100 / $194         $545,000 / $176      
Feb             668,333 /  192           637,500 /   212       
March         604,750 /  191           709,995 /   187        
April           665,400 /  187            654,098 /   180       
May           799,900 /   228            765,000 /   172   (one sale in May 2015)     
June          827,100 /  208            629,125 /   206
July           780,000 /  196            633,725 /   173       
Aug           678,000 /  192            643,250 /   182        
Sept                                              680,000 /   206        639,500 /   158
OCT                                              660,833 /   179        575,000 /   168
Nov                                                 no sales                 517,400/    140              
Dec                                                 no sales                     no sales                 

Pending Sales:   5 total - Unchanged from 5 in July
   113 Cascade Fls   2579 sf / 4 bed  / 3 bath   /          / 2 story  / yb 1989      $499,000  
   148 Chimney Bluff 2253 sf / 3-4 bed/ 2 bath /          / 1 story /   yb 2006       619,000
    151 ARC Dr          3126 sf / 4 bed  /  3 bath / pool  /  2 story /  yb 1988       620,000
    325 Canyon Falls 3757 sf / 4-5 bed / 3.5 ba / pool /  2 story /  yb 1991       709,900
    106 Bald Mtn Ct   3410 sf / 4 bed   /  3 ba   / pool  /  1 story  / yb 1990       750,000
   
Available Inventory:   16 total - Down 2 from 18 in July 
  Use the ARC North Market Report link below to view properties


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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