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Folsom / American River Canyon North Market Update - May 2015

FOLSOM

         

Property Sales:
 May property sales were 94, down 18.3% from 115 in May  of 2014, and -11.3% lower than the 106 sales last month.
  May 2015 sales were at their lowest level as compared to May of 2014 and 2013.
  May YTD sales of 289 are running -3.2% behind last year's year-to-date sales of 402.

Prices:
  The Median Sales Price in May was $404,950, down - 1.2% from $410,000 in May of 2014 and down -6.9% from $435,000 last month.
  The Average Sales Price in May was $428,444, up 1.2% from $423,533 in May of 2014 and down -7%  from $460,594  last month.
  The May ASP was at it's highest level as compared to May 2014 and 2013.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale as of May was 179, up 4.1.% from 172 last month and down -17.5% from 217 in May of last year.
  Currently, there is a 1.9 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            222                      220                    
June                                        211                      198
July                                         211                      166
Aug                                         218                       211
Sept                                        215                       211
Oct                                         213                       211
Nov                                        216                       203               
Dec                                        210                       201 
     
Stats for May 2015:
  Properties for Sale w/o Short Sale Contingent:              179     $189,000   - $1,299,000
    (174 in May 2014)
  Short Sale Contingent / Pending Lender Approval:         13      $365,000  -  $   750,000
    (32 in May 2014)
  Pending Sales:                                                                    157     $180,000  -  $   995,000
    (117 in May 2014)
  Sold in March 2015                                                              94      $148,000  -  $1,040,000
    (112 in May 2014)

May Sold Homes by # of Units Per Price Bracket:
   $100,000's - 4          $200,000's - 10        $300,000's - 35
   $400,000's - 28        $500,000's - 12        $600,000's - 2
   $700,000's - 3          $800,000's - 1          $900,000+ - 1

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:   2 Total - Down 3 from 5 in April
  280 Alpine Falls  3506 sf / 5 bed / 3 bath  /         / 1 story / yb 2015          $799,900  New Home    
  191 Lost Creek   4477 sf / 5 bed / 4.5 bath /       /  2 story / yb 2006           899,000  Foreclosure

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           799,900 /   228            765,000 /   172   (one sale in May 2015)     
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:   8 total - Up 2  from 6 in April
   136 Cascade Fall 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
   316 Canyon Falls 4849 sf / 5-6 bed/3 bath  /  pool / 2 story yb  1991         750,000
   158 Red Ridge   4944 sf / 5 bed / 5 bath  /  pool / 2 story / yb 2006           750,000  Short Sale
    302 Alpine Falls 3537 sf / 4 bed / 3 bath /           / 2 story / yb 2002          758,000
    660 Avalanche    3434 sf / 5 bed / 3 bath   /          / 1 story / yb 2015        799,000  New Home
   161 Cascade Fall 4546 sf / 5 bed / 3.5 bath /        / 2 story / yb 2001         943,000
   146 Red Ridge    3762 sf / 4-5 bed / 3.5 bath / pool / 2 story / yb 2007      989,000

Available Inventory:   16 total - Up 9 from 7 in April 
  Use the ARC North Market Report link below to view properties


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

Showing Checklist


Fully preparing your home for sale can make considerable difference in the time it takes to sell it. You can help eliminate buyer objections before they arise by making necessary repairs and improvements, some of which are suggested below.

Outdoors__ Spruce up gardens and lawn; trim shrubbery and replace dead plants.
__ Yard and patio should be neat; outdoor furniture should be clean and in good shape.
__ Clean or paint your front door - remember first impressions last longest!
__ Manicure your front yard, driveway and entry - you can’t sell what you can’t see.

Exterior

__ Check that door numbers, mailbox, and exterior lighting are all in good repair.
__ Touch up with fresh paint as needed.
__ Inspect chimney for cracks or earthquake damage.
__ Repair loose trim, drainpipes and fencing.
__ Clean stains; clean window screens.

Garage

__ Remove clutter; tidy up shelves.
__ Wash floor so it looks clean and spacious.

Living Areas

__ Apply fresh paint as needed…brighten your interiors with neutral-toned paint.
__ Clean draperies and carpets.
__ Replace burned out light bulbs.
__ Clean fireplace, remove smoke stains from wall and mantle.

Kitchen

__ Sinks, appliances and counter tops should sparkle without any clutter.
__ Wax the floor.
__ Clean oven, range and other appliances.
__ Clean tile and grout; replace if necessary.

Bathrooms

__ Clean mirrors, glass, chrome and porcelain surfaces.
__ Replace shower curtain if necessary.
__ Fix any faucet drips or leaks.
__ Clean tile, grout and caulking; replace if necessary.

Closets

__ Doors and drawers should open and close easily.
__ Remove clutter; tidy up shelves and racks.
__ Shoes and clothes should be neatly arranged.

Overall

__ Check the basics around the house. It takes just a minute to check all doors, windows and cabinets to make sure they don’t stick, squeak or are too loose.
__ Clean your furnace & water heater, so buyers know they are looking at a house that has been well maintained.

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