Folsom / American River Canyon North Market Update - November 2013

FOLSOM
Property Sales:
  November property sales were 71, down -21.1% from 90 in November of 2012 and -10.1 lower than the 79 last month.
  November 2013 sales were at their lowest level as compared to November of 2012 and 2011.
  November YTD sales of 1,005 are running 7.8% ahead of last year's year-to-date sales of 932.

Prices:
  The Median Sales Price in November was $385,000, up 11.9% from $343,917 in November of 2012 and down -4.3% from $402,500 last month.
  The Average Sales Price in November was $405,142, up 16.2% from $348,527 in November of 2012 and down -3.8% from $421,352 last month.
  November 2013 ASP was at it's highest level compared to November of 2012 and 2011.

Inventory & Month's Supply of Inventory (MSI):
  With 71 homes sold last month and 121 currently available in Folsom, we have slightly less than a 2 month supply of available inventory.
  The number of new listings in November 2013 was 63, down -38.8% from 103 last month and down -11.3% from 71 in November of 2012. 

Average Dollar Per Square Foot for Sold Homes:
                              2013              2012
November             $203              $168
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 November 2013:
Properties Currently for Sale w/o Short Sale Contingent     121     $151,200 - $1,278,000
  (59 homes in this status November 2012)
Short Sale Contingent / Pending Lender Approval                30     $119,000 - $   699,000
  (76 homes in this status November 2012)
Current Pending Sales                                                            77     $159,900 - $   647,000
Properties Sold in November 2013                                        71     $199,000 - $1,075,000

November Sold Homes by Number of Units per Price Bracket:
$100,000's - 1      $200,000's - 18      $300,000's - 20
$400,000's - 16    $500,000's - 11      $600,000's - 3
$700,000's - 0      $800,000's - 1        $900,000+ - 1

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH
Property Sales:
 November 2013                                                                                 Sales Price
    158 Pinnacle Butte  3667sf / 4 bed / 2.5 bath / YB 2005 / pool      $517,000    Short Sale

Prices - Average Sales Price and Dollar Per Square Foot:
                                        2013                                          2012
November         $517,000 / $140 (1 sale)                 $501,125 / $135
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:
  206 Cascade Falls   3036sf / 4 bed     / 3 bath    / YB 1989 / pool / 1 story / $588,000
  226 N Falls              3981sf / 4-5 bed / 3 bath   /  YB 2005 /         /             /   659,900
  603 Broken Top      3957 sf / 5 bed   / 4.5 bath/  YB 2013 /         /             /   699,900 New Home
  599 Broken Top      4002sf / 5 bed   /  4.5 bath /  YB 2013/          /             /  709,990 New Home
  302 Alpine Falls     3537 sf / 4 bed   /  3 bath    /  YB 2002 /        /             /   735,000
  129 Feather Falls    3612sf / 4 bed    / 4.5 bath  /  YB 1998 /        / 1 story /   750,000
  99 Valley Falls       4243sf / 6 bed   / 3.5 bath   /  YB 1998 / pool /            /   779,000
  108 Feather Falls    4189sf / 4 bed   / 4 bath     /   YB 1998 /         /            /   810,000

Pending Sales:
  141 Chimney Bluff  4817sf / 4 bed / 3 bath    /  YB 2004  /  pool /           /   $649,000  Short Sale
  172 Lost Creek        3034sf / 4 bed / 2 bath     /  YB 1989 /  pool / 1 story /    545,000

ARCN MARKET REPORT

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