American River Canyon North / Folsom Market Update 11/3/11

Greetings,

Fall is in full color and the trees are producing the most wonderful yellow, red and orange leaves.  Almost the holidays again…where does the time go?

A quick reminder that the filing period to appeal your Sacramento County property tax 2011-2012 tax assessment ends on November 30, 2011.   Please contact me if you need any further information to file an appeal.

FOLSOM:  The overall Folsom market has slowed since last month only 66 sold/closed in October as compared to 94 in September and 85 in August.  The schools are back in session and many folks postpone home shopping in anticipation of the upcoming holidays.  Listing inventory is also down which brings the supply of available homes to a 2.5 month inventory and is considered a “stable” market.

Folsom’s housing stats for October 2011*:

Current Properties for Sale:                301                  Price Range:  $60,918 - $1,200,000

Properties Sold in September:             94                  

Properties Sold in October                  66                   Price Range:  $85,499 - $660,000

Current Pending Sales                                    121                  Price Range:  $129,000 - $949,000

Folsom Sold Homes by number of units in each price bracket:

            $100,000’s – 9                        $200,000’s – 22                      $300,000’s – 22

            $400,000’s – 9                        $500,000’s – 3                                    $600,000’s – 1

ARC NORTH:  The active listing inventory is still very, very low despite the fact that 5 new homes came on the market last month.  We are at a 6 month supply of available inventory.  It is a very sluggish market in the upper end and only 4 homes closed in Folsom in October in the $500,000 and above price range.

Current Stats*:  11 Active Listings, 1 Active Short Sale, 4 Short Sale Contingent, 2 Pending and 2 Sold/Closed since 10/1/11.

Changes in ARCN since 10/1/11*:

New Listings: 

226 ARC Drive

           $467,900         5 bed / 3.5 bath   3619 sf   Yr Blt 1990 Bank Owned

182 Cascade Falls       529,990          4 bed / 3 bath   3006 sf   Yr Blt 1988

101 Hodges Ct.

           595,000          5 bed / 3.5 bath  3675 sf  Yr Blt 1988  Short Sale

94 Painted Rock         624,900          4 bed / 3 bath   3906 sf   Yr Blt 1999   Bank Owned

238 ARC Drive

           649,000          4 bed / 3 bath   3354 sf   Yr Blt 2000

New Pending:

167 Lost Creek           $499,000         5 bed / 2.5 bath   3188 sf   Yr Blt 1988  Short Sale

105 Hinkle Ct

             520,000          4 bed / 3.5 bath    3120  sf  Yr Blt 1989   .45 acre lot

New Sold with Sales Price:

133 Feather Falls         $567,500         4 bed / 3 bath   3570 sf  Yr Blt 1997   Short Sale

299 Alpine Falls          660,000          6 bed / 4.5 bath  5015 sf  Yr Blt 2003  Short Sale

Robin’s Marketing Minute:  Welcome to Coldwell Banker – More than a century of success and stability.  In the time immediately before the First World War; while Colbert Coldwell and Benjamin Banker were striving to establish a real estate business, San Francisco was hardly the booming market it is today.  Coldwell and Banker were trying to make progress in an industry where to put it bluntly, respectable business practices were rare.  The two saw an opportunity to distinguish themselves by offering honest, knowledgeable and competent real estate services, bringing much needed integrity to the profession.  The exceptional standards set by these real estate pioneers, who blazed a trail that the entire industry would eventually follow, remain the benchmark of today’s Coldwell Banker.  As the first real estate company in history to reach the 100 year milestone, we are proud of the remarkable achievement.  Our longevity is a result of our commitment to trustworthiness, professionalism and exceptional customer service.

Visit my website Robin Kaplan for updated seller and buyer information, property searches (plus a mobile app), mortgage calculators and much more.