Folsom

Folsom            

Property Sales:
 January property sales were 44, down -21.4% from 56 in January of 2014, and -32.3% lower than the 65 sales last month.
  January 2015 sales were at their lowest level as compared to January of 2014 and 2013.
  January YTD sales of 44 are running -21.4% behind last year's year-to-date sales of 56..

Prices:
  The Median Sales Price in January was $423,000, up 2.5% from $412,500 in January of 2014 and up 7.1% from $395,000 last month.
  The Average Sales Price in January was $442,965, up 10.7% from $400,216 in January 2014 and up 7.7% from $411,252 last month.
  The January ASP was at it's highest level as compared to January 2014 and 2013.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale as of January was 129, up 10.3% from 117 last month and down -22.3% from 166 in January of last year.
  Currently, there is a 2.9 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:
                   2015                   2014                    2013               
Jan             $210                    $193              
Feb                                          217                      181
March                                      209                      178
April                                        206                      178
May                                        220                      195
June                                        211                     198
July                                         211                     166
Aug                                         218                      211
Sept                                        215                      211
Oct                                         213                      211
Nov                                        216                      203                
Dec                                        210                      201  
      
Stats for January 2015:
  Properties for Sale w/o Short Sale Contingent:              129     $134,900  - $1,190,000
    (119 in January 2014)
  Short Sale Contingent / Pending Lender Approval:        111     $499,000  -  $  650,000
    (30 in January 2014)
  Pending Sales:                                                               100     $148,000  -  $  858,000
    (85 in January 2014)
  Sold in January 2015                                                        44     $165,000  - $  867,300
    (51 in January 2014)

January Sold Homes by # of Units Per Price Bracket:
   $100,000's - 2          $200,000's - 5          $300,000's - 11
   $400,000's - 14        $500,000's - 6          $600,000's - 3
   $700,000's - 1          $800,000's - 2          $900,000+ - 0

 FOLSOM MARKET REPORT

American River Canyon North

Property Sales:   3 total - Up 3 from 0 in December
   104 Crater Peak  2944 sf / 3 bed     / 4 bath    / pool  / 2 story  / yb 1998   $610,000
   607 Broken Top   3567 sf / 4-5 bed  / 3 bath    /         / 1 story  / yb 2006     710,000  Short Sale
   513 Fort Rock      4878 sf / 4 bed    /  4 bath   / pool  / 2 story  / yb 2006     867,300   Auctioned

Prices - Average Sales Price / Dollar Per Square Foot:

                      2015                          2014                           2013                            

Jan           $729,100 / $194         $545,000 / $176      

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

Aug                                            643,250 /   182        561,250 /   202

Sept                                           680,000 /   206         639,500 /   158

OCT                                           660,833 /   179         575,000 /   168

Nov                                                 no sales              517,400/    140              

Dec                                                 no sales                     no sales                 

Pending Sales:   5 total - down 1 from December

  136 Cascade F    3438 sf / 5 bed / 4 bath    / pool / 2 story / yb 1988     $545,000  Short Sale
  163 ARC Dr         2736 sf / 4 bed / 3 bath    / pool / 2 story / yb  1989      614,999

  241 ARC Dr         4185 sf / 5 bed / 3.5 bath / pool   / 2 story /  yb 2003    675,000  Short Sale
  136 Tomlinson     4690 sf / 4 bed / 4 bath    / pool   / 3 story /  yb 1991    697,888
  259 Alabaster Pt  3705 sf / 5 bed / 4.5 bath / pool   / 1 story /  yb 2006    799,900

Available Inventory:   7 total - unchanged from December

  Use the ARC North Market Report link below to view properties
ARC NORTH MARKET REPORT

Please visit my website RobinKaplan.com to search for properties, use mortgage calculators, tons of Seller & Buyer information, Market Updates, plus much, much more!

Home Improvements To Sell?

What home improvements really pay off when the time comes to sell your house? That’s an important question for any homeowner contemplating moving or remodeling. And the only possible answer is a somewhat complicated one. That answer starts with the fact that really major improvements – room additions, total replacements of kitchens and baths, etc. - rarely pay off fully in the near term. It ends with the fact that small and relatively inexpensive changes can pay off in a big way in making your home attractive to buyers if your decision is to move now. It’s often the case that the most appropriate major improvements are unlikely to return their full cost if a house is sold within two or three years. Does that mean that major home improvements are always a bad idea? Absolutely not. It does mean, though, that if your present house falls seriously short of meeting your family’s needs you need to think twice – and think carefully – before deciding to undertake a major renovation. Viewed strictly in investment terms, major improvements rarely make as much sense as selling your present home and buying one that’s carefully selected to provide you with what you want. Even if you have a special and strong attachment to the house you’re in and feel certain that you could be happy in it for a long time if only it had more bedrooms and baths, for example, there are a few basic rules that you ought to keep in mind. Probably the most basic rule of all, in this regard, is the one that says you should never – unless you absolutely don’t care at all about eventual resale value – improve a house to the point where its desired sales price would be more than 20 percent higher than the most expensive of the other houses in the immediate neighborhood. Try to raise the value of your house too high, that is, and surrounding properties will pull it down. Here are some other rules worth remembering:         Never rearrange the interior of your house in a way that reduces the total number of bedrooms to less than three.         Never add a third bathroom to a two-bath house unless you don’t care about ever recouping your investment.         Swimming pools rarely return what you spend to install them. Ditto for sunrooms – and finished basements. If you decide to do what’s usually the smart thing and move rather than improve, it’s often the smaller, relatively inexpensive improvements that turn out to be most worth doing. The cost of replacing a discolored toilet bowl, making sure all the windows work or getting rid of dead trees and shrubs is trivial compared with adding a bathroom, but such things can have a big and very positive impact on prospective buyers. A good broker can help you decide which expenditures make sense and which don’t, and can save you a lot of money in the process.