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Folsom / American River Canyon North Market Update - April 2015

FOLSOM

         

Property Sales:
 April property sales were 95, up 18.% from 88 in April  of 2014, and 31.6% higher than the 79 sales last month.
  April 2015 sales were at their highest level as compared to April of 2014 and 2013.
  April YTD sales of 293 are running 2.1% ahead of last year's year-to-date sales of 287..

Prices:
  The Median Sales Price in April was $435,000, up 7.3% from $405,500 in April of 2014 and up 0.7% from $432,000 last month.
  The Average Sales Price in April was $459,356, up 8.,3% from $424,159 in April of 2014 and up 3.3%  from $444,736 last month.
  The April ASP was at it's highest level as compared to April 2014 and 2013.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale as of April was 163, up 3,2.% from 151=8 last month and down -22% from 209 in April of last year.
  Currently, there is a 1.6 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:
                   2015                   2014                    2013              
Jan             $210                    $193             
Feb              212                      217                     
March          215                     209                    
April            222                     206                      
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 April  2015:
  Properties for Sale w/o Short Sale Contingent:              103     $189,000   - $1,160,000
    (179 in April 2014)
  Short Sale Contingent / Pending Lender Approval:         14      $365,000  -  $  750,000
    (37 in April 2014)
  Pending Sales:                                                                     92      $159,900  -  $1,050,000
    (119 in April 2014)
  Sold in March 2015                                                              95      $265,000  -  $1,045,000
    (88 in April 2014)

April Sold Homes by # of Units Per Price Bracket:
   $100,000's - 0          $200,000's - 3          $300,000's - 26
   $400,000's - 33        $500,000's - 19        $600,000's - 8
   $700,000's - 3          $800,000's - 1          $900,000+ - 2

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:   5 Total - Up 1 from 4 in March
     105 Hinkle Ct         3120 sf / 4 bed / 3.5 bath   /         / 1 story  / yb 1989     $608,000
      266 ARC Dr           2775 sf / 4 bed / 2.5 bath  / pool / 1 story  / yb 1995       625,000
      136 Tomlinson       4690 sf / 4 bed / 4 bath     / pool / 3 story /  yb 1991       670,000
      328 Canyon Falls   4610 sf / 5 bed / 5 bath    / pool /  2 story /  yb 1997      705,000
      252 ARC Dr            3223 sf / 4-5 bd / 3 bath  / pool  / 2 story /  yb 2000       719,000
  
Prices - Average Sales Price / Dollar Per Square Foot:
                      2015                          2014                           2013                            
Jan           $729,100 / $194         $545,000 / $176      
Feb             668,333 /  192           637,500 /   212       
March         604,750 /  191           709,995 /   187        
April           665,400 /  187            654,098 /   180       
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:   6 total - Down 3 from 9 in March
   136 Cascade F    3438 sf / 5 bed / 4 bath    / pool / 2 story / yb 1988         585,000  Short Sale
   168 Temperance 3578 sf / 5 bed / 3.5 bath / pool / 2 story / yb  2005        669,900  Short Sale
   158 Red Ridge   4944 sf / 5 bed / 5 bath  /  pool / 2 story / yb 2006           750,000  Short Sale
    660 Avalanche    3434 sf / 5 bed / 3 bath   /          / 1 story / yb 2015        799,000  New Home
    280 Alpine Falls  3506 sf / 5 bed / 3 bath  /         / 1 story / yb 2015          799,000  New Home
    191 Lost Creek  4477 sf / 5 bed / 4.5 bath /        /  2 story / yb 2006          899,000  Foreclosure
   
Available Inventory:   7 total - Down 3 from 10 in March 
  Use the ARC North Market Report link below to view properties
ARCN 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!

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