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Folsom / American River Canyon North Market Update - April 2014

Folsom
Property Sales:
  April property sales were 87, down -4.4% from 91 in April of 2013 and equal to 87 sales last month.
  April 2014 sales were at their lowest level as compared to April of 2013 and 2012.
   April YTD sales of 285 are running -7.5% behind last year's year-to-date sales of 308.

Prices:
  The Median Sales Price in April was $416,000, up 10.9% from $375,000 in April of 2013 and up 4.0% from $400,000 last month.
  The Average Sales Price in April was $425,299, up 4.3% from $407,700 in April of 2013 and up 4.0% from $408,867 last month.
  The April ASP was at it's highest level as compared to April of 2013 and 2012.

Inventory & Month's Supply of Inventory:
  With 87 homes sold in April and 179 homes currently available in Folsom, there is a 2.2 months supply of available homes.
  The number of listings is 179, up from 153 last month and up from 136 in April of 2013.
  The April 2014 MSI of 2.2 months was at mid range compared to April of 2013 and 2012.

Average Dollar per Square Foot - Sold Homes
                           2014        2013       2012
Jan                     $193        $174
Feb                      217          181
March                 209          178
April                  206          178
May                                   195       $150
June                                    198         162
July                                    198         166                    
Aug                                     211         168
Oct                                     211         169
Nov                                    203         168
Dec                                     201         167

Stats for April 2014
  Properties currently for sale w/o Short Sale Contingent      179   $174,350 - $1,475,000
    (80 homes in this status in April 2013)
  Short Sale Contingent / Pending Lender Approval                  37   $200,000 - $  750,000
    (44 homes in this status in April 2013)
  Pending Sales                                                                           119   $214,900 - $1,950,000
    (178 homes in this status in April 2013)
  Sold in April 2014                                                                         88   $135,500 - $  770,000
    (90 homes in this status in April 2013)

April Sold Homes by # of Units per Price Bracket:
  $100,000's - 1     $200,000's - 15     $300,000's - 28
  $400,000's - 18   $500,000's - 16     $600,000's - 7
  $700,000's - 3     $800,000's - 0       $900,000+ - 0

FOLSOM MARKET REPORT

American River Canyon North
Property Sales - April 2014:  5 homes - up from 2 homes last month
  271 ARC Dr         3066sf / 4-5 bed / 3 ba / YB 1992  / pool /         /  $574,000  Shake roof
  109 Swift River    3071sf / 4 bed   /  3 ba /  YB 1988 / pool /          /    635,000
  226 N Falls           3981sf / 4-5 bed / 3 ba /  YB 2005          /          /     652,500
  603 Broken Top  3957sf / 5 bed  /  4.5 ba / YB 2014 /        /           /    699,900 New home
  99 Valley Falls     4243sf /  6 bed  / 3.5 ba  /YB 1998 / pool /          /    709,000

Prices - Average Sales Price & Dollar Per Square Foot:
                                        2014                               2013                                 2012
Jan                        $545,000 / $176 (1 sale)    $549,000 / $161 (1 sale)
Feb                         637,500 /   212 (1 sale)      570,539 /   148
March                    709,995 /   187                   582,750 /   158
April                      654,098 /  180                   601,475 /    168
May                                                                  655,000 /  168                472,520 /  143
June                                                                   622,750 /  187               581,667 /   151
July                                                                   644,800 /  168                490,000 /  167
Aug                                                                   561,250 /  202                466,225 /  141
Sept                                                                  639,500  / 158                600,400 /   158
Oct                                                                    575,000 / 168 (1 sale)
Nov                                                                   517,000 / 140 (1 sale)    501,125 /  135
Dec                                                                        No sales                     555,666 /  157

Available Inventory:  15 homes - up from 11 homes last month
  268 Alpine Falls   2220 sf / 3 bed   / 2 ba  /  YB 2003  / pool /             / $569,000
  101 Twin Buttes  2974 sf / 4 bed /   3 ba /    YB 2001 / spa  / 1 story / $589,000
  124 Tomlinson     3872 sf / 4 bed /  4 ba /     YB 1991 /         /             /  $590,000 Shake roof
  100 Buckner Ct    3154 sf / 4 bed / 3.5 ba /   YB 1988 / pool /             / $609,000  Shake roof
  206 Cascade Falls 3036 sf / 4 bed / 3 ba  /     YB 1989 /        /              / $618,000 Shake roof
  139 ARC Dr         3769 sf / 4 bed /3.5 ba /   YB 1989 /          /             / $649,000
  113 Flat Rock      4416 sf / 5 bed / 3.5 ba /  YB 1998  / pool / 1 story / $669,000
  153 Kettle Rock  3200 sf / 4-5 bed / 2.5 ba / YB 2003 /        /              / $679,000
  138 Tomlinson    4816 sf / 5-6 bed / 5.5 ba / YB 1990 / pool /            / $699,900
  102 Flat Rock     4416 sf / 5 bed / 4.5 ba /     YB 1990 / pool /             /$729,000 Shake roof
  168 Temperance 3578 sf / 5 bed / 3.5 ba /     YB 2005 / pool /             /$729,000 Short Sale
  158 Pinnacle B   3667 sf / 4-5 bed / 3 ba /     YB 2005 / pool /             / $749,000
  328 Canyon Fall 4610 sf / 5 bed / 5 ba /        YB 1997 / pool /             / $759,000
  102 Hinkle Ct     4785 sf / 5-6 bed / 4 ba /    YB 1989 / pool /              / $849,500
  607 Broken Top 3567 sf / 4-5 bed / 3 ba /    YB 2006 /         / 1 story / $860,000
  100 Copper Crk 4152 sf / 4-5 bed / 3.5.5 ba/ YB 1991 /        /             / $948,000

Pending Sales:  6 homes - down from 7 homes last month
  241 ARC Dr     4185 sf / 5 bed / 3.5 ba      / YB 2003 / pool /              / $675,000 Short Sale
  141 Chimney    4817 sf / 4 bed / 3 ba         / YB 2004 / pool /              / $699,000 Short Sale
  100 Light Ct     4119 sf / 5 bed / 3 ba         / YB 1989 / pool /              / $699,999 Short Sale
  126 Carmody   3630 sf / 4 bed / 4 ba         / YB 1990 / pool /              / $725,000
  158 Red Ridge  4944 sf / 5 bed / 5 ba        /  YB 2006 / pool /              / $750,000 Short Sale
  314 Alpine Fal  4442 sf / 5 bed / 3.5 ba    /   YB 2003 / pool /              / $750,000

American River Canyon North Market Report

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