American River Canyon North / Folsom Market Update 4/2/12

FOLSOM:  Huge changes in the market and they are all positive.  Folsom continues to be an excellent location for home ownership and multiple offers are being seen on many Folsom properties.  Last April there were 389 available and 119 pending homes in Folsom – compare that with the current numbers.
Housing Stats for March 2012*:
Current Properties for Sale:     204     Price Range:  $99,000 - $1,150,000
Properties Sold in February:      62                           $76,500 - $764,312  
Properties Sold in March:          71                           $90,000 - $960,000
Current Pending Sales              158                            $75,000 - $750,000

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

     $100,000’s – 11            $200,000’s – 17             $300,000’s – 30

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

      $700,000’s – 0              $800,000’s – 0              $900,000+ - 1

AMERICAN RIVER CANYON NORTH:  Pending sales have increased significantly and available inventory remains extremely low.   There are no active bank owned homes at this time and all of the short sales have accepted offers.  Buyer activity has increased in the last four weeks and the open houses have had great traffic.

Current ARC North Stats*:  7 Active Listings, 0 Active Short Sales, 5 Short Sale Contingent, 7 Pending, and 1 Sold/Closed since 3/1/12.

Changes to the ARCN Market since 3/1/12*:

New Listings
  257 Cascade Falls     $649,900   4 bed/ 5.5 bath    4,650sf    YB: 1992
  130 ARC Drive          $718,000   5 bed / 3.5 bath   3,716sf    YB: 1990
New Pending Sales
 175 Tomlinson         $505,900   5 bed / 5.5 bath   3,909sf   YB: 1990
 208 Lost Creek         $525,000   4 bed / 3.5 bath   3,739sf   YB: 1989 Bank Owned
 238 ARC Drive         $589,000   4 bed / 3 bath     3,354sf   YB: 2000
 226 ARC Drive     $437,900   5 bed / 3.5 bath   3,619sf    YB: 1990   Bank Owned
 182 Cascade Falls $489,999   4 bed / 3 bath       3,006sf   YB: 1988 Investor Owned
 508 Fort Rock Ct  $545,000   4 bed / 4 bath       3,401sf   YB: 2005
 121 Obsidian Clf   $750,000   4-5 bed / 4.5 bath 4,405sf  YB: 2003
New Sold/Closed with Sales Price
107 Copper Creek   $675,000  4 bed / 3 bath  3,493sf  YB: 1990

 CLICK LINK FOR ARC NORTH March 2012 Sales Data

Robin’s Marketing Minute – Big Bang Remodeling Projects

My National Association of Realtor publication has an interesting and informative article this month on cost vs.value of home remodeling projects and the information is Sacramento specific Cost vs Value

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