Folsom / American River Canyon North Market Update - October 2015

FOLSOM

Property Sales:
 October property sales were 107, up 30.5% from 82 in October of 2014, and  5.9% higher than the 101 sales last month.
  October 2015 sales were at their highest level as compared to October of 2014 and 2013.
  October  YTD sales of 952 are running 8.8% ahead of last year's year-to-date sales of 875.

Prices:
  The Median Sales Price in October was $442,000, up 7.8% from $410,000 in October of 2014 and up 4.7% from $422,000 last month.
  The Average Sales Price (ASP) in October was $467,090, up 8.6% from $430,200 in October of 2014 and up 7.0% from $436,542 last month.
  The  October ASP was at it's highest level as compared to October of 2014 and 2013.

Inventory & Month's Supply of Inventory:
  The total inventory of properties available for sale as of October was 137, down -19.4% from 170 last month and down -32.8% from 204 in October of last year.
  Currently, there is a 1.3 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           219                       211                    
July            225                       211                    
Aug            224                       218                     
Sept          224                       215                      
Oct            229                      213
Nov                                        216                       203               
Dec                                        210                       201 
     
Stats for October 2015:
  Properties for Sale w/o Short Sale Contingent:              129   $235,000   -  $1,150,000
    (181 in October 2014)
  Short Sale Contingent / Pending Lender Approval:           9    $368,000  -   $   519,000
    (12 in October 2014)
  Pending Sales:                                                                    114   $160,000  -   $   949,000 
    (81 in October 2014)
  Sold in October 2015                                                          108   $210,000  -  $ 1,150,000
    (79 in October 2014)

October Sold Homes by # of Units Per Price Bracket:
   $100,000's - 0          $200,000's - 11        $300,000's - 27
   $400,000's - 37        $500,000's - 18        $600,000's - 7
   $700,000's - 4          $800,000's - 1          $900,000+ - 3

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:   6 Total - Up 4 from 2 in September                       Last List Price /  Sold Price

    139 ARC Dr           3739 sf / 4 bed   / 4 bath /          / 2 story  /  yb 1989      $624,500    $599,500

     101 Heart Butte     3579 sf / 4-5 bed / 3 bath /         / 2 story /  yb 1989        630,000      605,000

     148 Chimney Bluff 2253 sf / 3-4 bed/ 2 bath /          / 1 story /   yb 2006       619,000      605,000

      106 Bald Mtn Ct    3410 sf / 4 bed  / 3 bath /  pool  /  1 story / yb 1990        750,000      700,000

      108 Swift River     4913 sf / 5-6 bed / 5 bath/ pool /   2 story  / yb 1990        899,000     899,000

      154 Pinnacle Btt  4590 sf / 5 bed /   4.5 bath/         / 2 story  / yb 2014      1,075,000  1,025,000

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           799,900 /   228            765,000 /   172   (one sale in May 2015)     

June          827,100 /  208            629,125 /   206

July           780,000 /  196            633,725 /   173       

Aug           678,000 /  192            643,250 /   182        

Sept          548,625 /  192            680,000 /   206        

Oct           681,700 /   196           660,833 /   179        

Nov                                                 no sales                 517,400  /  140              

Dec                                                 no sales                     no sales                 

Pending Sales:   7 total - Up 3 from 4 in September  

   109 Cascade Falls  2773 sf / 4 bed  / 3 bath  /  pool  /  1 story / yb 1989       $659,000

   117 Copper Crk      3089 sf / 4 bed  /  3 bath /           /   1 story / yb 1991        685,000

   123 Tomlinson       4785 sf / 4 bed   / 4 bath  /  pool  /   2 story / yb 1990        739,000   154 Tomlinson      4474 sf / 4 bed  / 3 bath  /             / 2 story  /  yb 2002        749,950

Available Inventory:   11 total - Down 5 from 16 in September

  Use the ARC North Market Report link below to view properties

AMERICAN RIVER CANYON NORTH MARKET REPORT

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