Folsom / American River Canyon North Market Update - August 2014

Folsom
Property Sales:
  August property sales were 99, down -17.5% from 120 in August 2013 and 4.2% higher than the 95 sales last month.
  August 2014 sales were at mid level as compared to August 2013 and 2012.
  August YTD sales of 682 are running -12% behind last year-to-date sales of 775.

Prices:
  The Median Sales Price in August was $429,000, up from $418,023 in August of 2013 and down -4.9% from $451,000 last month.
  The Average Sales Price in August was $458,252, up 8.3% from $423,087 in August of 2013 and up 0.1% from $457,993 last month.
  The August ASP was at it's highest level as compared to August 2013 and 2012.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale in August was 209, down -16.4% from 250 last month and up 5% from 199 in August of last year.
  There is currently a 2.1 months supply of inventory.

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
AUGUST           218         211
Sept                                   211      169
Oct                                    211      169
Nov                                   203      168
Dec                                   201       167

Stats for August 2014:
  Properties for Sale w/o Short Sale Contingent:         99   $159,900 - $1,299,000
    (152 in August 2013)
  Short Sale Contingent / Pending Lender Approval    17   $370,000 - $   750,000
    (24 in August 2013)
  Pending Sales                                                         124  $125,000 - $1,198,000
    (100 in August 2013)
  Sold in August 2014                                                99   $125,000 - $   899,000
    (115 in August 2013)

August Sold Homes by # of Units Per Price Bracket:
  $100,000's - 2      $200,000's - 10      $300,000's - 32
  $400,000's - 26    $500,000's - 20      $600,000's - 5
  $700,000's - 3      $800,000's - 4        $900,000+ - 0

FOLSOM MARKET REPORT - AUGUST 2014

American River Canyon North
Property Sales:  4 total - no change from July
  206 Cascade Falls   3036 sf / 4 bed  / 3 bath /  no pool  /  2 story / $585,000
  100 Meadow Lakes 2500 sf / 4 bed / 3 bath /  pool      / 1 story   / $585,000
  102 Flat Rock Dr     4416 sf / 5 bed / 4.5 bath / pool    / 2 story   / $699,000
  141 Chimney Bluff    4817 sf / 4 bed / 3.5 bath / pool    / 2 story   / $704,000  Short Sale

Prices - Average Sales Price / Dollar Per Square Foot:
                         2014                    2013                      2012
Jan           $545,000 / $176   $549,000 / $161
Feb            637,500 /   212     570,539 /   148
March        709,995 /   187     582,750 /   158
April          654,098 /   180     601,475 /   168
May          765,000 /   172     655,000 /    168
June          629,125 /   206     622,750 /    187
July           633,725 /   173     644,800 /    168
August     643,250 /   182     561,250 /    202
Sept                                       639,500 /   158     $600,400 / $158
Oct                                        575,000 /    168            no sales
Nov                                       517,400 /    140      501,125 /   135
Dec                                             no sales              555,666 /   157

Pending Sales:  7 total - down from 8 in July 2014
  136 Cascade Falls   3438 sf / 5 bed   /  4 bath   /  pool   /  2 story   /  $580,000  Short Sale
  179 Tomlinson Dr    2954 sf / 3 bed   /  3 bath   /  pool   /  2 story   /    675,000
  168 Temperance     3578 sf  / 5 bed  /  3.5 bath/  pool    /  2 story   /    699,000 Short Sale
  100 Light Court       4119 sf  / 5 bed  /  3 bath   /  pool    / 2 story    /   699,900 Short Sale
  149 Kettle Rock     3578 sf  / 4 bed  /  3.5 bath /  pool   /  2 story   /    749,000
  158 Red Ridge        4944 sf /  5 bed /  5 bath     /  pool   /  2 story   /    750,000 Short Sale
  1522 Snowy Range 3568 sf /  4 bed  / 3.5 bath  / no pool /  2 story  /    798,000

Available Inventory:  8 total - down from 11 in July 
  Use ARC North Market Report link below to view properties

ARC NORTH MARKET REPORT - AUGUST 2014

Please visit my website RobinKaplan.com to search for properties, Mortgage Calculators, Seller/Buyer Information, Market Updates plus much, much more!

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