American River Canyon North / Folsom Market Update 1/31/12

It was an exciting Super Bowl yesterday between two great teams.  I love the clever commercials and all of the junk food we feel we have permission to eat on Super Bowl Sunday.  If you didn’t watch football yesterday, I hope that you were able to get out and enjoy the beautiful spring-like weather.

California Association of Realtors Fast Facts for December 2011:

Calif. median home price: December 2011: $285,920 (Source: C.A.R.)
Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.)
Calif. lowest median home price by region/county December 2011: Madera: $106,000 (Source: C.A.R.)

Calif. Pending Home Sales Index: December 2011: 91.6, an increase from the revised 82.5 recorded in December 2010

Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)

Mortgage rates: Week ending 1/26/2012 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.24 fees/points: 0.8% 1-yr. adjustable: 2.74% Fees/points: 0.6% (Source: Freddie Mac)

FOLSOM:  No real change in the number of active, pending or closed listings from December through January.  The majority of homes that are closing escrow are still solidly in the $100,000 to $300,000 price range.  Winter is generally a slower time for real estate sales, but Folsom always maintains a fairly steady stream of real estate activity by being a desirable housing location in the Tri-County area.

Housing Stats for January 2012*:

            Current Properties for Sale:    230      Price Range: $75,000 - $1,188,000

            Properties Sold in December   77                           $58,600 -    $685,000

            Properties Sold in Janaury        68                           $56,000 -   $565,000

            Current Pending Sales            113                           $76,500 - $1,099,000

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

            $100,000’s – 13                      $200,000’s – 26                      $300,000’s – 19

            $400,000’s – 8                        $500,000’s – 2                        $600,000’s – 0

            $700,000’s – 0                        $800,000’s – 0                        $900,000+ - 0

AMERICAN RIVER CANYON NORTH:  The listing inventory is still extremely light as compared to previous years and averaging only 10-14 homes available at any one time throughout the last year.  As of the end of January there were no new pending sales. 

The interest rates are at all time lows and are generating another large wave of refinancing activity according to my lenders.  If you have been thinking about a refi, I can provide referrals to excellent & competitive lenders.

Current ARC North Stats*:  11 Active Listings, 2 Active Short Sales, 4 Short Sale Contingent, 0 Pending, and 3 Sold/Closed since 12/1/11.

Changes in ARCN since 12/1/11:

New Listings: 

182 Cascade Falls       $507,500         4 bed / 3 ba     3,006 sf   YB: 1990 Investor Owned

208 Lost Creek           $538,000         4 bed / 3.5 ba   3,739 sf   YB: 1989 Bank Owned

105 Meadow Lakes    $555,000         4 bed / 3 ba     3,501 sf   YB: 1996

110 North Falls           $695,000         5 bed / 3 ba      4,471 sf   YB: 1990

107 Copper Creek       $720,000         4 bed / 3 ba     3,493 sf   YB: 1990

New Pending Sales:

None

Sold/Closed since 12/1/11 with Sales Price:

167 Lost Creek           $475,000         5 bed / 2.5 ba  3,188 sf   YB: 1988    Short Sale

105 Hinkle Court

        $500,000         4 bed / 3.5 ba 3,210 sf   YB: 1989

94 Painted Rock         $565,000         4 bed / 3 ba     3,906 sf   YB: 1999    Bank Owned

Click here for January's ARC North Sales Data

Robin’s Marketing Minute – Coldwell Banker - Leader on the Web

Studies show that 89% of consumers start their online search with search engines.  To tap into the masses of internet users searching for homes, Coldwell Banker is continually purchasing key real estate search terms on major search engines like Google & Yahoo.  The $4 million we are spending on search engine advertising this year includes 56,000 search terms to position buyers in front our our client’s homes on the country’s leading websites - CaliforniaMoves.com, ColdwellBanker.com, Realtor.com, FrontDoor.com, OpenHouse.com, HomeFinder.com, NYTimes.com, Homes.com, Trulia, WSJ.com, Yahoo Real Estate, Zillow & AOL.com

Visit my website Robin Kaplan.com to follow my ARCN/Folsom blog, get updated seller and buyer information, property searches (plus a mobile app), mortgage calculators and much, much more!

*Source:  Metrolist MLS Data