FOLSOM / AMERICAN RIVER CANYON NORTH MARKET UPDATE - DECEMBER 2015

FOLSOM

Property Sales:
 December property sales were 73, up 10.8% from 65 in December of 2014, and  4.3% higher than the 69 sales last month.
  December 2015 sales were at their highest level as compared to December of 2014 and 2013.
  December YTD sales of 1,100 are running 9.9% ahead of last year's year-to-date sales of 1,001.

Prices:
  The Median Sales Price in December was $440,376 up 11.5% from $395,000 in December of 2014 and up 4.9% from $420,000 last month.  Median means Middle (the same # of properties sold above & below Median).
  The Average Sales Price (ASP) in December was $462,738, up 12.5% from $411,252 in December of 2014 and up 8.6% from $425,909 last month.
  The December ASP was at it's highest level as compared to December of 2014 and 2013.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale as of December was 78, down -39.5% from 129 last month and down -36.6% from 123 in December of last year.
  Currently, there is a 1.1 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:
                2016            2015                   2014                                
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                            224                      215                      
Oct                             229                       213
Nov                            235                       216                                      
Dec                            224                       210 
     
Stats for December 2015:
  Properties for Sale w/o Short Sale Contingent:                 73   $235,000   -  $1,599,000
    (106 in December 2014)
  Short Sale Contingent / Pending Lender Approval:          10   $200,000  -   $   625,000
    (13 in December 2014)
  Pending Sales:                                                                      61   $235,000  -   $1,200,000
    (66 in December 2014)
  Sold in December 2015                                                        73   $173,500  -    $  785,000
    (60 in December 2014)

November Sold Homes by # of Units Per Price Bracket:
   $100,000's - 1          $200,000's - 2          $300,000's - 16
   $400,000's - 31        $500,000's - 15        $600,000's - 2
   $700,000's - 6          $800,000's - 0          $900,000+ - 0

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:   5 Total - Up 4 from  1 in November                       Last List Price /  Sold Price

    109 Cascade Falls  2773 sf / 4 bed  / 3 bath  /  pool  /  1 story / yb 1989    $659,000    $659,000

    123 Tomlinson       4785 sf / 4 bed   / 4 bath  /  pool  /   2 story / yb 1990    739,000      705,000

    102 Bald Mtn Ct    3265 sf / 3-5 bed / 3 bath / pool   /  2 story / yb 1993      750,000      735,000

     94 Valley Falls     3706 sf / 4 bed / 4 bath   /            /   2 story / yb 1999      775,000     775,000

     102 Hinkle Ct        4785 sf / 5-6 bed / 4 bath / pool /    2 story / yb  1989     797,000     785,000   

    

Prices - Average Sales Price / Dollar Per Square Foot:

                           2016                               2015                             2014                                               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   (1 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                                                    548,625 /  192            680,000 /   206        

Oct                                                      681,700 /   196           660,833 /   179        

Nov                                                     683,500 /   221              no sales   (1 sale in November 2015)  Dec                                                     731,800 /  196               no sales                 

Pending Sales:   2 total - Down 4 from 6 in November

    257 ARC Dr           3164 sf / 4 bed / 3.5 bath/  pool /  1 story /  yb 1995       $625,000 Short Sale

   154 Tomlinson      4474 sf / 4 bed  / 3 bath  /             / 2 story  /  yb 2002        749,950

   

Available Inventory:   5 total - Down 1 from 6 in November

  Use the ARC North Market Report link below to view properties

AMERICAN RIVER CANYON NORTH MARKET REPORT

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Data sourced from Metrolist MLS