Folsom / American River Canyon North Market Update - July 2014

Folsom
Property Sales:
  July property sales were 90, down -15.5% from 103 in July of 2013 and 1.2% higher than the 86 last month.
  July 2014 sales were at a mid level as compared to July 2013 and 2012.
  July YTD sales of 575 are running -12.2% behind last year's year-to-date sales of 655.

Prices:
  The Median Sale Price in July was $453,000, up 8.1% from $419,000 in July 2013 and up 7.1% from $423,146 last month.
  The Average Sales Price in July was $465,819, up 7.3% from $434,246 in July 2013 and up 6.4% from $437,977 last month.
   July 2014 ASP was at it's highest lever as compared to July 2013.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale in July was 232, down -5.7% from 246 last month and up 20.2% from 193 in July 2013.
  There is currently a 2.57 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                             211            166
  Aug                                                 211           168
  Sept                                                211            169
  Oct                                                 211            169
  Nov                                                203            168
  Dec                                                201            167

Stats for July 2014:
  Properties for Sale w/o Short Sale Contingent:         219     $174,350 - $1,950,000
     (139 in July 2013)
  Short Sale Cont / Pending Lender Approval              27      $370,000 - $   750,000
     (30 in July 2013)
  Pending Sales                                                     134       $149,999 - $1,198,000
     (145 in July 2013)
  Sold in July 2014                                                 90        $128,000 - $1,200,000
     (101 in July 2013)

July Sold Homes by # of Units Per Price Bracket:
  $100,000's - 2    $200,000's - 4    $300,000's - 27
  $400,000's - 25  $500,000's - 21  $600,000's - 8
  $700,000's - 2    $800,000's - 0   $900,000+ - 1

FOLSOM MARKET REPORT - JULY 2014

American River Canyon North
Property Sales  - July 2014: 4 total - no change from June 2014
  124 Tomlinson      3872 sf /  4 bed /  4 ba / no pool / 2 story /    $550,000
  104 Sturges          3035 sf /  4 bed /  3.5 ba / pool / 2 story /       625,000
  113 Flat Rock       3289 sf / 4-5 bed/ 3.5 ba / pool / 1 story /       660,000
  138 Tomlinson      4816 sf / 5-6 bed/ 5.5 ba/  pool / 3 story /       699,900
 
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                   765,000 /  172 (1 sale)           655,000  /  168
  June                   629,125 /  206                      622,750  /  187
  JULY                 633,725 / 173                       644,800 / 168
  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: 8 total - down from 11 in June 2014
  100 Meadow Lakes    2500 sf / 4 bed   /  3 ba  /  pool  /  1 story /       $585,000
  206 Cascade Falls      3036 sf  / 4 bed  /  3 ba  / no pool  / 2 story /       595,000
  102 Flat Rock Dr       4416 sf / 5 bed   / 4.5 ba/  pool  /  2 story /         699,000
  141 Chimney Bluff     4817 sf / 4 bed /  3.5 ba / pool /      1 story /       699,000  Short Sale
  168 Temperance        3578 sf / 5 bed   / 3.5 ba / pool  /  2 story /         699,000  Short Sale
  100 Light Court         4119 sf / 5 bed  /  3 ba   /  pool   / 2 story /         699,900  Short Sale
  158 Red Ridge Ct       4944 sf / 5 bed / 5 ba/       pool  / 2 story  /         750,000 Short Sale
  607 Broken Top         3567 sf / 4-5 bed / 3 ba  / no pool / 1 story /       800,000  Short Sale

Available Inventory:  11 total - up from 9 in June 2014
  Use ARC Norh Market Report link below to see properties
ARC NORTH MARKET REPORT - JULY 2014

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