Folsom / American River Canyon North Market Update - January 2014

FOLSOM

Property Sales:
  January property sales were 51, down -25% from 68 in January 2013 and -20.3% lower than the 64 sales last month.
  January 2014 sales were at their lowest level as compared to January 2013 and 2012.
  January YTD sales of 51 are running -25% behind last year's year-to-date sales of 68.

Prices:
  The Median Sales Price in January was $405,000, up 16.5% from $347,750 in January of 2013 and up 3.8% from $390,000 last month.
  The Average Sales Price in January was $393,669, up 10.2% from $357,170 in January 2013 and up 2.2% from $385,055 last month.
  January 2014 ASP was at it's highest level compared to January 2013 and 2012.

Inventory & Month's Supply of Inventory:
  With 51 homes sold last month and 129 homes currently available in Folsom, there is a 2.5 month supply of available homes.
  The number of available listings is 129, up 4.9% from 123 last month and up 7.5% from 120 in January of last year.
  January 2014 inventory was at a mid range compared to January 2013 and 2012.

Average Dollar Per Square Foot for Sold Homes:
                          2014               2013                2012
January                $193               $174
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

Stats for January 2014:
Properties currently for sale w/o Short Sale Contingent        119    $144,900 - $1,950,000
 (54 homes in this status January 2013)
Short Sale Contingent / Pending Lender Approval                  30    $134,250 - $   925,000
 (63 homes in this status January 2013)
Pending Sales                                                                    85    $225,000 - $   999,000
 (126 in this status January 2013)
Sold January 2014                                                             51    $151,200 - $   695,000
 (62 in this status January 2013)

January Sold Homes by # of Units per Price Bracket:
$100,000's - 2      $200,000's - 6      $300,000's - 17
$400,000's - 21    $500,000's - 4      $600,000's - 1
$700,000's - 0      $800,000's - 0      $900,000+ - 0

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:
 172 Lost Creek    3024 sf / 4 bed  / 2.5 bath / YB 1989  / 1 story  / pool  /    $545,000

Prices - Average Sales Price and Dollar Per Square Foot:
                                   2014                           2013                      2012  
January          $545,000 / $176 (1 sale)   $549,000 / $161 (1 sale)
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                                                570,539 / 148               No sales

Available Inventory:
 109 Swift River   3071 sf / 4 bed   /  3 ba    / YB 1988 /         / pool /  $647,845
 302 Alpine Falls   3537 sf / 4 bed   /  3 ba    / YB 2002 /         /        /    735,000
 99 Valley Falls     4243 sf / 6 bed   / 3.5 ba  / YB 1998 /         / pool /    749,000
 129 Feather Falls 3612 sf / 4 bed   / 4.5 ba  / YB 1998 /1 story/       /     739,000
  
Pending Sales:
 603 Broken Top   3957 sf / 5 bed   / 4.5 ba  / YB 2014 /        /         /   $699,900  New Home
 599 Broken Top   4002 sf / 5 bed   / 4.5 ba  / YB 2014 /        /          /    709,900 New Home
 141 Chimney Bluf 4817 sf / 4 bed/    3.5 ba /  YB 2004 /       / pool  /      649,000 Short Sale
 88 Twin Buttes     2997 sf / 4 bed /   3 ba    /  YB 2001         / pool  /      649,000
 226 N Falls           3981 sf / 4-5 bed / 3 ba   / YB 2005 /        /          /    659,000

AMERICAN RIVER CANYON NORTH MARKET REPORT

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