American River Canyon North / Folsom Market Update

Property Sales:      August property sales were 86, down -29% from 122 in August 2016 and -24% lower than the 114 sales last month.      August 2017 sales were at their lowest level as compared to August of 2016 and 2015.        August YTD sales of 682 are running -9% behind last year's year-to-date sales of 752. Prices:      The median sales price in August was $497,000, up 7% from $461,500 in August 2016 and up 1% from $491,544 last month.      The average sales price in August was $517,083, up 9% from $473,571 in August of 2016 and up 6% from $513,986 last month.      The August 2017 ASP was at it's highest level as compared to August of 2016 and 2015. Available Inventory of Homes:      The total inventory of properties available for sale was 154, down -13% from 181 last month and down -17% from 191 in August of last year.      Currently there is a 1.8 month supply of inventory. Average Dollar per Square Foot - Sold Homes:                        

Property Sales:   2  sale in August  -  up 1 from July         Last List & Sales Price     114 Tomlinson 3565 sf / 4 bed   / 3 bath  / pool /2 story     $760,000 / 760,000    122 ARC            5153 sf /  4 bed /  4 bath  /  pool /  2 story    939,000   / 906,000  Pending Sales:      2 pending in August - unchanged from July       Last List Price     152 Tomlinson    2666sf / 4 bed / 3 bath    /             / 2 story                 $625,000     138 Feather Fls  3246 sf / 4 bed / 3 bath   /  pool    / 2 story                   769,000  Currently Available:   14 homes  - down 2 from July      Click  ARCN MARKET REPORT  to view available homes Pricing:  Average Sales Price / Dollar Per Square Foot :                                  2017                           2016                         2015                         2014 Jan               $730,000 / $209               No Sales      $729,100 / $194       $545,000 / $176 Feb                        No Sales