American River Canyon North / Folsom Market Update

PROPERTY SALES:               September property sales were 93, down -13% from 108 in September of 2016 and 4.5% higher than the 89 sales last month.               September 2017 sales were at their lowest level as compared to September of 2016 and 2015.               September YTD sales of 778 are running -9% behind last year’s year-to-date sales of 860.   PRICES:               The median sales price in September was $525,000, up 17% from $448,750 in September 2016 and up 5% from $498,000 last month.                The average sales price in September was $537,408, up 14% from $469,913 in September of 2016 and up 4% from $516,957 last month.  September’s AVP was at it’s highest level as compared to September 2016 and 2015.   INVENTORY OF AVAILABLE HOMES:               The total inventory of properties available for sale was 145, down -18% from 177 last month and down -15% from 172 in September of last year.                                  There is c

Property Sales – 2 in September – Unchanged from August        LAST LIST PRICE / SALES PRICE 152 Tomlinson  2666 sf 4 bed    3 bath   2 story  no pool               $625,000              $620,000 138 Feather Fls 3246 sf 4 bed    3 bath   2 story  pool                     769,000              775,000 PENDING SALES – 5 in September – Up 3 from August                  LAST LIST PRICE 135 Tomlinson  4002 sf 4 bed    3.5 ba   2 story  no pool               695,000 105 Hawk Pt       3413 sf 4 bed    3 bath   2 story no pool               699,000 294 Alpine Fls    2991 sf 4 bed    3 bath   2 story  pool                     775,000 102 Table Rock  3227 sf 4 bed    3.5 ba   2 story  no pool               725,000 252 Cascade Fls 3150sf  4 bed    3 bath   1 story  no pool               789,000 CURRENTLY ACTIVE – 16 HOMES – UP 2 FROM AUGUST Click link to view active properties ARCN MARKET UPDATE PRICING:  Average Sales Price & Price Per Square Foot