Folsom / American River Canyon North Market Update - March 2014

Folsom
Property Sales:
  March property sales were 83, up 3.8% from 79 in March of 2013 and 49.1% higher than the 55 sales last month.
  March 2014 sales were at mid level as compared to March of 2013 and 2012.
  March YTD sales of 193 are running -11.1% behind last year's year-to-date sales of 217.

Prices:
  The Median Sales Price in March was $396,500, up 3.9% from $381,593 in March of 2013 and up 1.7% from $390,000 last month.
  The Average Sales Price in March was $405,816, up 6.2% from $381,950 in March of 2013 and down -3.2% from $419,319 last month.
  March 2014 ASP was at it's highest level as compared to March 2013 and 2012.

Inventory & Month's Supply of Inventory:
  With 83 homes sold last month and 153 homes currently available in Folsom, there is a 1.9 month supply of available homes.
   The number of available listings is 153, up from 139 last month and up from 119 in January 2014.
   The March 2014 MSI of 1.9 months is at mid range as compared with March of 2013 and 2012.

Average Dollar per Square Foot for Sold Homes:
                       2014        2013         2012
  Jan                $193         $174
  Feb                 217          181
  March            209          178
  April                              178          $150
  May                               195           150
  June                               198           162
  July                                198           166
  August                            208           162
  Sept                                211           168
  October                           211           169            
  Nov                                203           168
  Dec                                201           167
 \
Stats for March 2014
  Properties currently for sale w/o Short Sale Contingent                  153   $200,000 - $1,288,000
    (71 homes in this status in March 2013)
  Short Sale Contingent / Pending Lender Approval                            28   $149,999 - $   775,000
    (50 homes in this status in March 2013)
  Pending Sales                                                                                   116    $130,500 - $1,950,000
    (137 homes in this status in March 2013)
  Sold in March 2014                                                                            83   $147,000 - $  710,000
    (76 in this status in March 2013)

March Sold Homes by # of Units per Price Bracket:
  $100,000's - 3      $200,000's - 7     $300,000's - 32
  $400,000's - 26    $500,000's - 10   $600,000's - 2
  $700,000's - 3      $800,000's - 0     $900,000+ - 0
 
Folsom Market Report

American River Canyon North
Property Sales - March 2014:
  599 Broken Top   4002 sf / 5 bed / 4.5 bath / YB 2014  /             /       / $709,990 New Home
  129 Feather Falls  3612 sf / 4 bed / 4.5 bath / YB 1998 / 1 story /       /   710,000

Prices - Average Sales Price & Dollar Per Square Foot:
                                        2014                           2013                             2012
  January               $545,000 / $176 (1 sale)  $549,000 / $161 (1 sale)
  February               637,500 /   212 (1 sale)    570,539 /   148
  March                  709,995 / $187                 582,750 / $158
  April                                                             601,475 /   168            $572,475 / $157
  May                                                              655,000 /  168               472.520 /  143
  June                                                               622,750 /  187               581,667 /  151
  July                                                               644,800 /  168               490,000 /  167
  August                                                          561,250 /  202                466,225 /  141
  September                                                     639,500 /  201                600,400 /  158            
  October                                                         575,000 /  168 (1 sale)   548,600 /  141
  November                                                     517,000 /  140 (1 sale)   501,125 /  135
  December                                                         No sales                      555,666 /  157                                    
Available Inventory:
  101 Twin Buttes   2974 sf / 4 bed / 3 bath    / YB 2001 / 1 story / spa   /  $599,000
  206 Cascade Falls  3036 sf / 4 bed / 3 bath   / YB 1989 /             /          /    618,000
  100 Buckner Ct     3154 sf / 4 bed / 3 bath    / YB 1988 /             / pool  /    630,000
  139 ARC Dr          3769 sf / 4 bed / 3.5 bath / YB 1989 /            /           /    649,000
  153 Kettle Rock    3200 sf / 4/5 bed/ 2.5 bath/ YB 2003 /          /            /    679,000
  302 Alpine Falls    3537 sf / 4 bed / 3 bath    /  YB 2002 /         /            /    719,900
  328 Canyon Falls   4610 sf / 5 bed / 5 bath   /   YB 1997 /        /  pool   /    759,000
  158 Pinnacle Butt   3667 sf / 4/5 bed / 3 bath /  YB 2005 /         / pool   /    765,000
  607 Broken Top     3567 sf / 4/5 bed / 3 bath /  YB 2006 /         /           /    950,000

Pending Sales:
  271 ARC Dr        3066 sf / 4/5 bed / 3 bath  /   YB 1992   /            / pool /  $605,000
  109 Swift Rvr      3071 sf / 4 bed   /   3 bath /   YB 1988    /           / pool /    647,845
  226 N Falls          3981 sf / 4/5 bed / 3 bath /    YB 2005   /            /          /   659,900
  100 Light Ct        4119 sf / 5 bed   /  3 bath /     YB 1989   /           / pool  /   699,000 Short Sale
  603 Broken Top  3957 sf / 5 bed / 4.5 bath /     YB 2014  /           /           /   699,900 New Home
  99 Valley Falls     4243 sf / 6 bed / 3.5 bath /     YB 1998  /           /  pool /   719,000
  126 Carmody       3630 sf / 4 bed / 4 bath   /      YB 1990 /            /  pool /    725,000
 
American River Canyon North Market Report

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