Folsom / American River Canyon North Market Update - October 2013

FOLSOM

Property Sales:
  October property sales were 78, equal to 78 in October 2012 and -2.5% lower than the 80 sales last month.
  October 2013 sales were at a mid level compared to October of 2012 and 2011.
  October YTD sales of 933 are running 10.8% ahead of last year's year-to-date sales of 842.

Prices:
  The Median Sales Price in October was $403,750, up 12.9% from $357,500 in October of 2012 and down -0.9% from 407,500 last month.
  The Average Sales Price in October was $422,965, up 14.7% from $368,854 in October of 2012 and up 1.6% from $416,439 last month.
  October 2013 ASP was at it's highest level compared to October 2012 and 2011.

Inventory & Month's Supply of Inventory (MSI):
  The total inventory of properties available for sale in October was 167, down -13.5% from 193 last month and up 5.7% from 158 in October of last year.
  The October MSI of 2.1 months was at a mid range compared with October 2012 and 2011.

Average Dollar Per Square Foot for Sold Homes:
                                2013       2012
October                    $211      $169
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 October 2013:
Properties Currently for Sale w/o Short Sale Contingent            149     $159,000 - $1,278,000
  (73 homes in this status October 2012)
Short Sale Contingent / Pending Lender Approval                       28     $149,999 - $   639,000
  (88 homes in this status October 2012)
Current Pending Sales                                                                   88     $200,000 - $1,205,000
Properties Sold in October 2013                                                   78     $230,000 - $1,122,500

October Sold Homes by Number of Unites per Price Bracket:
   $100,000's - 0        $200,000's - 10        $300,000's - 27
   $400,000's - 25      $500,000's - 9          $600,000's - 3
   $700,000's - 1        $800,000's - 0          $900,000+ - 2

Folsom Market Report


AMERICAN RIVER CANYON NORTH

Property Sales:
October 2013                                                                                                           Sales Price
     121 Swift River  3410 sf / 4 bed / 3 bath /  YB 1988  /  1 story  / newer roof /  $575,000

Prices - Average Sales Price and Dollar Per Square Foot:
                                      2013                                      2012
October                  $575,000 / $168  (1 sale)      $548,600 / $141
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        3024 sf / 4 bed / 2.5 ba / YB 1989 / 1 story / pool /  $559,000
  206 Cascade Falls    3036 sf / 4 bed / 3 ba   / YB  1989 /            /          /  $588,000
  136 Cascade Falls    3438 sf / 5 bed / 4 ba  /  YB  1988 /            / pool /  $650,000  Short Sale
  603 Broken Top       3957 sf / 5 bed / 4.5 ba / YB 2013 /            /         /  $699,990  New Home
  599 Broken Top       4002 sf / 5 bed / 4.5 ba / YB 2013 /           /          /  $709,990  New Home
  129 Feather Falls      3612 sf / 4 bed / 4.5 ba / YB 1998 / 1 story /       /  $750,000
  108 Feather Falls      4189 sf / 4 bed / 4 bath / YB 1998 /           /         /  $810,000

Pending Sales:
  141 Chimney Bluff  4817 sf / 4 bed / 3.5 ba / YB 2004 /           / pool /  $649,000 Short Sale
  158 Pinnacle Butte   3667 sf / 4 bed / 2.5 ba / YB 2005 /           / pool /  $495,000 Short Sale

ARCN MARKET REPORT

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