2013 Year End Review - American River Cyn North

American River Canyon North

2013 Year End Review

How did 2013 compare with the past 5 years?

The number of homes sold in 2013 is down -17% from the previous high of 37 homes sold in 2012. 

Short sales and bank owned properties have not represented the majority of home sales in ARC North since their high in 2008 and 2009.

With the increased market activity that we have seen in 2012 and 2013, I believe that 2014 will see homes values continue to increase gradually due to low inventory.

The Average Days on Market in 2013 has continued to be a strong indicator of low inventory with only 34 days average, far better than the 93 days in 2011.

If you are considering selling in 2014:  

  In my 20 years of experience in "The Canyon", the sellers who obtain the best prices and receive an acceptable offer in the least amount time are the property owners who prepare their home for market and list with an experienced real estate professional who will provide knowledgeable guidance through each step in the home selling process.

2013  Total Homes Sold                      31 
             Non Distressed/Equity Sales 23    (74% of total sales)
             Short Sale Properties                7     (22% of total sales)
             Bank Owned Properties            1     (.03% of total sales)
             Average Days on Market        34 days
             Average List Price                  $613,998
             Average Sold Price                 $607,903 
             Sold Price Avg $ per SF         $  175.52  

2012   Total Homes Sold                       37
               Non Distressed/Equity Sales   24    (64%)
               Short Sale Properties                7    (19%)
               Bank Owned Properties            6    (16%)
               Average Days on Market         54 days
               Average List Price                   $553,063
               Average Sold Price                  $539,511
               Sold Price Avg $ per SF          $  150.31

2011   Total Homes Sold                       29
               Non Distressed/Equity Sales    13   (44%)
               Short Sale Properties               12   (19%)
               Bank Owned Properties            4    (13%)
               Average Days on Market         93 days
               Average List Price                   $582,186
               Average Sold Price                  $560,190
               Sold Price Avg $ per SF          $  158.55

2010    Total Homes Sold                       32
                Non Distressed/Equity Sales    18   (56%)
                Short Sale Properties                5    (15%)
                Bank Owned Properties           9     (26%)
                Average Days on Market         32 days
                Average List Price                    $576,334
                Average Sold Price                  $565,218
                Sold Price Avg $ per SF          $  163.95

2009    Total Homes Sold                        22
                Non Distressed/Equity Sales    10    (45%)
                Short Sale Properties                 4    (18%)
                Bank Owned Properties             8   (36%)
                Average Days on Market          75 days
                Average List Price                     $598,184
                Average Sold Price                    $578,696
                Sold Price Avg $ per SF            $162.55

2008    Total Homes Sold                          30
                Non Distressed/Equity Sales       13   (43%)
                Short Sale Properties                   4    (13%)
                Bank Owned Properties             13    (43%)
                Average Days on Market            89 days
                Average List Price                       $715,463
                Average Sold Price                     $684,914
                Sold Price Avg $ per SF             $  180.01

The above statistics have been compiled for all single family homes in ARC North (NOT including The Cascades or Canyon Falls Village) utilizing Metrolist MLS data.