American River Canyon North / Folsom Market Update

Property Sales:  July property sales were 98, down -21% from 124 in July of 2015, and -31.5% lower than the 143 sales last month.   July 2016 sales were at their lowest level as compared to July of 2015 and 2014.   July YTD sales of 629 are running -1.6% behind last year's year-to-date sales of 639. Prices:   The Median Sales Price in July was $466,000, up 2.5% from $454,594 in July of 2015 and down -4.5% from $488,000 last month.   Median = the same # of properties sold above & below the Median Price   The Average Sales Price (ASP) in July was $493,088, up 6.6% from $462,4497 in July of 2015 and down -1.2% from $498,851 last month.   The July ASP was at it's highest level as compared to July of 2015 and 2014. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of July was 192, up 2.1% from 188 last month and down -9.4% from 212 in July of last year.   Currently, there is a 2 month supply of in

Property Sales:    3 Total - Down 1 from 4 in June                              Last List Price /  Sold Price   156 Chimney Bf  2798 sf / 4 bed  /  3 bath /           /             / yb 2004           $598,000     $598,000   114 Painted Rk  3515 sf / 4-5 bed / 3.5 bath/ 1 story / pool/   yb 2000            799,900       800,000    408 Kinglet Ct    4061 sf / 4-6 bed / 4.5 bath/          /  pool /   yb 2005         1,099,000   1,099,000 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  /  174          604,750 /   191           709,995 /    187           April                  741,33