American River Canyon North / Folsom Market Update

FOLSOM MARKET UPDATE - May 2016 Property Sales:  May property sales were 100, up 6.4% from 94 in May of 2015, and 8.7% higher than the 92 sales last month.   May 2016 sales were at mid level as compared to May of 2015 and 2014.   May YTD sales of 386 are running -1% behind last year's year-to-date sales of 390. Prices:   The Median Sales Price in May was $481,875, up 19% from $404,950 in May of 2015 and up 3.8% from $464,150 last month.   Median = the same # of properties sold above & below the Median Price   The Average Sales Price (ASP) in May was $491,354, up 14.7% from $428,444 in May of 2015 and up 2.2% from $481,005 last month.   The May ASP was at it's highest level as compared to May of 2015 and 2014. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of May was 147, down 3.9% from 153 last month and down -24.6% from 195 in May of last year.   Currently, there is a 1.5 month supp

Property Sales:    4 Total - Up 1  from 3 in April                             Last List Price /  Sold Price   269 ARC Dr      2742 sf / 4 bed / 2 bath    / pool /  1 story /  yb 1992    $585,000        $585,000    100 Ash Creek    3188 sf /  4 bed/ 3.5 bath /        / 1 story / yb 1998      699,000           681,825  314 Canyon Fls   3401 sf / 5 bed / 4.5 bath /         /          /   yb 2005      699,900          699,900         140 Chimney Blf  3658 sf / 5-6 bed / 3 bath / pool /          /   yb 2003      699,900          705,000 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               $696,333  /  1