Folsom / American River Canyon North Market Update - December 2013

FOLSOM
Property Sales:
  December property sales were 62, down -26.2% from 84 in December of 2012 and -13.9% lower than the 72 sales last month.
  December 2013 sales were at their lowest level as compared to December of 2012 and 2011.
  December YTD sales of 1,068 are running 5.1% ahead of last year's year-to-date sales of 1,016.

Prices:
  The Median Sales Price in December was $390,000, up 10.6% from $352,500 in December of 2012 and up 1.2% from $385,500 last month.
  The Average Sales Price in December was $385,541, up 2.6% from $375,754 in December of 2012 and down -4.8% from $405,098 last month.
  December 2013 ASP was at it's highest level as compared to December 2012 and 2011.

Inventory & Month's Supply of Inventory (MSI):
  With 62 homes sold last month and 114 homes currently available in Folsom, there is 1.9 month supply of available homes.
  The number of available listings is 114, down 25% from 156 last month and down -8.6% from 128 in       December of 2013 inventory was at it's lowest level compared to December 2012 and 2011.

Average Dollar Per Square Foot for Sold Homes:
                                2013                2012
December                $201                $167
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 December 2013:
Properties Currently for Sale w/o Short Sale Contingent      114     $159,900 - $1,950,000
 (55 homes in this status December 2012)
Short Sale Contingent / Pending Lender Approval                 34     $149,999 - $   699,000
  (71 homes in this status December 2012)
Current Pending Sales                                                           59    $151,200 - $   720,000
Properties Sold in December 2013                                        62    $137,000 - $   660,000

December Sold Homes by Number of Units per Price Bracket:
$100,000's - 3      $200,000's - 11      $300,000's - 19
$400,000's - 21    $500,000's - 3        $600,000's - 4
$700,000's - 0      $800,000's - 0        $900,000+ - 0

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH
Property Sales:
December 2013 - None

Prices - Average Sales Price and Dollar Per Square Foot:
                                        2013                                       2012
December                        No Sales                        $555,666  /  $157
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:
  88 Twin Buttes    2997 sf  /  4 bed   /    3 bath   / YB 2001  /          / pool  / $649,000
  226 N Falls         3981 sf / 4-5 bed /     3 bath  /  YB 2005 /           /         /   659,900
  603 Broken Top  3957 sf / 5 bed   /   4.5 bath  /  YB 2013 /           /         /   699,990  New home
  302 Alpine Falls   3537 sf / 4 bed   /     3 bath   /  YB 2002 /           /         /   735,000
  129 Feather Falls  3612 sf / 5 bed  /   4.5 bath  /  YB 1998 / 1 story/         /   739,000
  108 Feather Falls  4189 sf / 4 bed  /     4 bath   /  YB 1998 /           /         /    810,000

Pending Sales:
  172 Lost Creek     3024 sf /  4 bed  /  2.5 bath  /  YB 1989 / 1 story / pool / $545,000
  599 Broken Top    4002 sf /  5 bed /  4.5 bath  /   YB 2013 /            /          /   709,990 New home
  141 Chimney Bluff  4817 sf /  4 bed /  3.5 bath /   YB 2004 /            / pool  /    649,000 Short sale

ARCN MARKET REPORT

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