Folsom / American River Canyon North Market Update - May 2013

FOLSOM:

Property Sales:
May property sales were 121, up 21% from 100 in May 2012 and 33% higher than the 91 sales last month.  May 2013 sales were at their highest level compared to May 2012 and 2011.  May YTD sales of 429 are running 0.7% ahead of last year's year-to-date sales of 426.

Prices:
The Median Sales Price in May was $375,000, up 29.9% from $288,600 in May of 2012 and equal to $375,000 last month.  The Average Sales Price in May was $379,312, up 29.5% from $292,826 in May of 2012 and down -7% from $407,700 last month.  May 2013 ASP was at it's highest level compared to May of 2012 and 2011.

Inventory & Month's Supply of Inventory (MSI):
The total inventory of properties available for sale as of May was 103, down -11.2% from 116 last month and down -48% from 198 in May of last year.  The May 2013 MSI of 0.9 months was at it's lowest level compared to May of 2012 and 2011.

Average Dollar Per Square Foot for Sold Homes:
May 2013     -      $195              May 2012     -     $154
April 2013   -       $192              April 2012    -     $150
March 2013 -       $178              March 2012  -     $151
Feb 2013     -       $181              Feb 2012       -     $152
Jan 2013     -        $174              Jan 2012       -     $150

Stats for May 2013:
Properties for sale w/o Short Sales Contingent Status      92    $214,500 - $2,399,000
Short Sale Contingent/Pending Lender Approval             40    $184,900 - $   680,000
Properties Sold in May 2013                                            118   $  79,000 - $   875,000
Current Pending Sales                                                      161   $  90,000 -$1,325,000        

May Sold Homes by Number of Units per Price Bracket:
$100,000's  -  10          $200,000's  -  21          $300,000's  -  40
$400,000's  -  29          $500,000's  -   9           $600,000's  -   7
$700,000's  -   1           $800,000's  -   1           $900,000+  -   0    

FOLSOM MARKET REPORT


AMERICAN RIVER CANYON NORTH:
Property Sales:
May 2013 -
    253 American River Cyn / 3441 sf / 5 bed / 3.5 bath /        / $635,000
    102 Meadow Lakes Ct   /  3705 sf / 5 bed / 3.5 bath / pool / $675,000
Prices:
Average Sales Price & Dollar Per Square Foot
     May 2013 -    $655,000 / $183              May 2012 -     $472,520 / $143
     April 2013 -   $601,475 / $168             April 2012 -     $572,475 / $157
     March 2013 - $582,750 / $158             March 2012 -   $675,000 / $193 (1 sale)
     Feb 2013 -     $570,529 / $148              Feb 2012 -       no sales
     Jan 2013 -     $549,000 / $161 (1 sale)  Jan 2012 -       $513,333 / $151

Inventory & Month's Supply of Inventory (MSI):
The available inventory continues to be extremely low with 3 homes currently on the market.  With 2 homes sold in May there is a 1.5 month supply of inventory.  Properties available:
     110 Tomlinson / 3315 sf / 5 bed /     4 bath   / pool  /$630,000
     226 N Falls     / 3981 sf / 4 bed /      3 bath   /         /$680,000
     148 Temp Rvr / 5286 sf / 5-7 bed /  4.5 bath / pool /$850,000

Pending Sales:
     151 ARC Dr.        / 3126 sf / 4 bed / 3 bath       / pool   /  $535,000
     147 Tomlinson     / 3186 sf / 4 bed  / 3 bath      /          /  $539,000 (my listing)
     251 Canyon Falls  / 3111 sf / 3-4 bed / 2.5 bath /          /  $599,000 (my listing)
     125 Feather Falls  / 3694 sf / 3-4 bed / 3 bath    / pool   /  $625,000
     314 Canyon Falls  / 3401 sf / 4-5 bed / 4.5 bath /          /  $649,999
     154 Red Ridge     / 4582 sf / 4-5 bed / 4.5 bath / pool    /  $680,000 (short sale)

ARCN MARKET UPDATE

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