Folsom / American River Canyon North Market Update - August 2013

FOLSOM

Property Sales:
  August property sales were 115, up 17.3% from 98 in August of 2012 and 11.7% higher than the 103 sales last month.
  August 2013 sales were at their highest level compared to August 2012 and 2011.
  August YTD sales of 770 are running 11.8% ahead of last year's year-to-date sales of 689.

Prices:
  The Median Sales Price in August was $417.000, up 24.3% from $335,500 in August of 2012 and down -0.5% from $419,000 last month.
   The Average Sales Price in August was $422,203, up 25.5% from $336,322 in August of 2012 and down -2.8% from $434,246 last month.
   August 2013 ASP was at it's highest level as compared to August 2012 and 2011.

Inventory & Month's Supply of Inventory (MSI):
  The total inventory of properties available for sale in August was 178, down -2.2% from 182 last month and up 11.3% from 160 in August of last year.
  Inventory was at mid range compared to August 2012 and 2011.
  The August MSI of 1.5 months was at it's lowest level compared with August 2012 and 2011.
   
Average Dollar Per Square Foot for Sold Homes:
                       2013             2012
August           $208             $162
July                $198             $166
June               $198             $162
May               $195             $150
April              $178             $150
March            $178             $151
Feb                $181             $152
Jan                 $174             $150

Stats for August 2013:
Properties currently for sale w/o Short Sale Contingent     152    $199,000 - $1,330,000
    (85 homes in this status - August 2012)
Short Sale Contingent / Pending Lender Approval              24     $184,900 - $  589,900
    (86 homes in this status - August 2012)
Current Pending Sales                                                        100     $130,000 - $1,205,000
    (127 in this status - August 2012)
Properties Sold in August 2013                                          115     $205,000 - $1,045,000
                       
August Sold Homes by Number of Units per Price Bracket:
$100,000's - 0      $200,000's - 16      $300,000's - 37
$400,000's - 37    $500,000's - 17      $600,000's - 3
$700,000's - 4      $800,000's - 0        $900,000+ - 1

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:
August 2013:                                                                                                   Sales Price
  159 Lost Creek         2906 sf / 3-4 bed / 2 bath / YB 1988  / 1 story / pool / $595,000
  102 Heart Butte Ct   3542 sf / 4 bed    /  3 bath / YB 1989 /             /  pool / $707,000

Prices:
                          Average Sales Price and Dollar Per Square Foot
                          2013                                                             2012
August   $651,250     $202                                        $466,225     $141
July        $644,800     $168                                        $490,000     $167
June       $622,750     $187                                        $581,667     $151
May       $655,000     $168                                        $472,520     $143
April      $601,475     $168                                        $572,475     $157
March    $582,750     $158                                        $675,000     $193 (1 sale)
Feb        $570,529     $148                                        No sales
Jan         $549,000     $161 (1 sale)                           $513,333     $151

Available Inventory:
  172 Lost Creek     3024 sf / 4 bed / 2.5 bath / YB 1989 / 1 story / pool / $569,900 (Original roof)
  121 Swift River    3410 sf / 4 bed / 3 bath    / YB 1988 / 1 story /         / $599,000
  226 North Falls     3981 sf / 4-5 bed/ 3 bath / YB 2005 /             /         / $674,900
  138 Tomlinson      4920 sf / 5-6 bed/ 5.5 bath/YB 1990 /            / pool / $699,900
  126 Carmody Cr    3630 sf / 4 bed / 4 bath /   YB  1990 /            / pool / $740,000

Pending Sales:
  335 ARC Drive      2402 sf / 3 bed / 3 bath /   YB 2001 /             /          / $548,500
  110 Tomlinson       3315 sf / 5 bed / 4.5 bath/ YB 1989 /            / pool /  $595,000 (Original roof)
  239 ARC Drive      2948 sf / 4 bed / 3 bath  /  YB 1994 / 1 story /          / $599,000
  264 ARC Drive      2618 sf / 3 bed / 3 bath  /  YB 1995 / 1 story / pool  / $600,000
  235 Cascade Falls  3941 sf / 5 bed / 3 bath /   YB 1990 /             / pool  / $759,000

ARCN MARKET REPORT

*Data Source:  Metrolist MLS

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