Folsom / American River Canyon North Market Update - June 2014

Folsom

Property Sales:
  June property sales were 84, down -28% from 117 in June 2013 and -27% lower than the 115 sales last month.
  June 2014 sales were at their lowest level compared to June 2013 and 2012.
  June YTD sales of 486 are running -12% behind last year's year-to-date sale of 552.

Prices:
  The Median Sales Price in June was $423,146, up 5.8% from $399,000 in June of 2013 and up 3.2% from $410,000 last month.
  The Average Sales Price in June was $438,463, up 5.3% from $416,643 in June 2013 and up 3.6% from $423,533 last month.
  June 2014 ASP was at it's highest level compared to June of 2013 and 2012.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale in June was 226, up 9.2% from 207 last month and up 24.9% from 181 in June of last year.
  There is currently a 2.7 month supply of available homes.

Average Dollar per Square Foot - Sold Homes
                                  2014        2013        2012
Jan                            $193         $174
Feb                             217           181
March                        209           178
April                          206           178
May                          220           195
June                         211           198
July                                            198         $166
Aug                                            211           168
Sept                                           211           169
Oct                                            211           169
Nov                                           203           168
Dec                                            201           167

Stats for June 2014:
  Properties for Sale w/o Short Sale Contingent:          247     $174,350 - $1,950,000
       (123 homes in this status June 2013)
  Short Sale Cont / Pending Lender Approval               27        125,800   -    800,000
       (31 homes in this status June 2013)
  Pending Sales                                                             127        149,999  -    899,000
       (156 homes in this status June 2013)
  Sold in June 2014                                                        84        209,500  -    757,000
       (114 homes sold in June 2013)

June Sold Homes by # of Units Per Price Bracket:
  $100,000's - 0     $200,000's - 10     $300,000's - 20
  $400,000's - 18   $500,000's - 12     $600,000's - 6
  $700,000's - 2     $800,000's - 0       $900,000+ - 0

FOLSOM MARKET REPORT - JUNE 2014

American River Canyon North

Property Sales - June 2014    4 total - up from 1 last month
   268 Alpine Falls  2220 sf / 3 bed  / 2 ba   /  pool /             /     $552,000
   101 Twin Butte    2974 sf / 4 bed / 3 ba    /          / 1 story /      563,000
   158 Pinnacle Btt  3667 sf / 4-5 bed / 3 ba / pool /              /      689,000
   126 Carmody        3630 sf / 4 bed / 4 ba   /  pool /               /     712,500

Prices - Average Sale 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                    765,000  / 172 (1 sale)      655,000   /   168
JUNE                  629,125 /  205                  622,750   /   187
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)        no sales
Nov                                                              517,000   / 140 (1 sale)     501,125  / 135
Dec                                                                        no sales                    555,666 / 157

Pending Sales   11 total - up 3 from May 2014
  124 Tomlinson  3872 sf  / 4 bed / 4 ba  /           /                /     $550,00
  104 Sturges        3035 sf  / 4 bed / 3.5 ba / pool /               /       618,000
  113 Flat Rock    3289 sf / 5 bed / 3.5 ba / pool /  1 story   /      669,000
  241 ARC           4185 sf  / 5 bed / 3.5 ba /                                 675,000 short sale
  168 Temperance 3578 sf / 5 bed / 3.5 ba / pool                        699,000 short sale
  102 Flat Rock    4416 sf / 5 bed / 4.5 ba / pool                         699,000
  141 Chimney B 4817 sf / 4 bed / 3.5 ba  / pool /                      699,000 short sale
  138 Tomlinson  4816 sf / 5-6 bed / 5.5 ba / pool                     699,900
  100 Light Ct      4119 sf. / 5 bed / 3 ba /  pool                          699,999 short sale
  158 Red Ridge   4944 sf / 5 bed / 5 ba  / pool                           750,000 short sale
  607 Broken Top 3567 sf / 4-5 bed / 3 ba /                               800,000 short sale

AMERICAN RIVER CANYON NORTH MARKET REPORT - JUNE 2014

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