American River Canyon North / Folsom Market Update

AMERICAN RIVER CANYON NORTH Property Sales:    0 Total - Unchanged                                         Last List Price /  Sold Price      Prices - Average Sales Price / Dollar Per Square Foot:                             2016                                 2015                               2014                                               J an                  no sales                  $729,100 / $194         $545,000 / $176         Feb                    no sales                  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

FOLSOM Property Sales:  February property sales were 47, down -24.2% from 62 in February of 2015, and unchanged from 47 sales last month.   February 2016 sales were at their lowest level as compared to February of 2015 and 2014.   February YTD sales of 94 are running -14.5% behind last year's year-to-date sales of 110. Prices:   The Median Sales Price in February was $452,784 up 5.8% from $428,000 in February of 2015 and up 3.2% from $438,900 last month.   Median means Middle (the same # of properties sold above & below Median).   The Average Sales Price (ASP) in February was $467,949, up 8.5% from $431,446 in February of 2015 and up 2.6% from $456,101 last month.   The February ASP was at it's highest level as compared to February of 2015 and 2014. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of February was 87, unchanged from last month and down -46% from 161 in February of last yea