Folsom / American River Canyon North Market Update - September 2013

FOLSOM

Property Sales:
  September property sales were 80, up 4% from 75 in September of 2012 and -35% lower than the 120 sales last month.
  September 2013 sales were at a mid level compared to September of 2012 and 2011.
  September YTD sales of 853 are running 11.6% ahead of last year's year-to-date sales of 764.

Prices:
  The Median Sales Price in September was $410,000, up 20.6% from $340,000 in September of 2012 and down -1.9% from $418,023 last month.
  The Average Sales Price in September was $417,771, up 16.1% from $359,785 in September of 2012 and down -1.3% from $423,087 last month.
  September 2013 ASP was at it's highest level compared to September 2012 and 2011.

Inventory & Month's Supply of Inventory (MSI):
  The total inventory of properties available for sale in September was180, down -4.8% from 189 last month and up 26.8% from 142 in September 2012. 
  September 2013 inventory was at a mid range as compared to September of 2012 and 2011.
  The September MSI of 2.3 months is at a mid range as compared with September of 2012 and 2011.

Average Dollar Per Square Foot for Sold Homes:
                            2013            2012
September           $211            $168
August                 $208           $162
July                      $198          $166
June                     $198          $162
May                     $195          $150
April                    $178          $150
March                  $178          $151
February              $181          $152
January                $174          $150

Stats for September 2013:
Properties Currently for Sale w/o Short Sale Contingent        170     $159,900 -  $1,278,000
  (63 homes in this status in September 2012)
Short Sale Contingent/Pending Lender Approval                      25     $149,999 -  $  675,000
  (87 homes in this status in September 2012)
Current Pending Sales                                                                81     $159,900 - $1,205,000
  (127 homes in this status in September 2012)
Properties Sold in September 2013                                            80     $170,000 - $  765,000

September Sold Homes by Number of Units per Price Bracket:
$100,000's  -  3        $200,000's  -  8        $300,000's  -  28
$400,000's  -  21      $500,000's  -  16      $600,000's  -  3
$700,000's  -  1        $800,000's  -  0        $900,000+  -  0

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:
September 2013                                                                                                   Sale Price
  239 ARC Drive       2,948 sf  / 4 bed / 3 bath  /    YB 1994  / 1 story  /           /    $595,000
  110 Tomlinson        3,215 sf  /  5 bed / 4.5 bath / YB 1989  /             /  pool  /     $598,000
  264 ARC Drive       2,618 sf  /  3 bed  / 2.5 bath / YB 1995 / 1 story /  pool  /     $600,000
  235 Cascade Falls   3,941 sf  / 5 bed  / 3 bath   /  YB 1990  /  views  /  pool  /     $765,000
 
Prices - Average Sales Price and Dollar Per Square Foot
                                       2013                                               2012
September          $639,500  /  $201                           $600,400  /  $158
August               $561,250  /  $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)
February            $570,529  /  $148                           No sales
January              $549,000  /  $161 (1 sale)              $513,333  /  $151

Available Inventory:
  172 Lost Creek   3,024 sf / 4 bed  / 2.5 bath  / YB 1989 /  1 story  / pool  /  $569,000
  139 ARC Drive   3,769 sf / 4 bed / 3.5 bath  / YB  1989 /             /            /  $629,000
  226 N Falls          3,981 sf / 5 bed / 3 bath   / YB 2005  /              /            /   $669,000
  302 Alpine Falls  3,527 sf /  5 bed / 3 bath   / YB 2002  /             /            /   $725,000
  126 Carmody Cr  3,630 sf  /  4 bed / 3.5 bath / YB 1990 /           /  pool    /  $740,000

Pending Sales:
  158 Pinnacle Butte  3,667 sf / 4 bed / 2.5 bath  / YB 2005 /        /  pool  /   $495,000  Short Sale
  121 Swift River       3,410 sf  / 4 bed / 3 bath   / YB 1989  / 1 story /       /  $589,000
  141 Chimney Bluff 4,817 sf  / 4 bed / 3.5 bath /  YB 2004 /        /  pool  /  $649,000  Short Sale

ARCN MARKET REPORT

*Data Source:  Metrolist MLS

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