Folsom / American River Canyon North Market Update - January 2016

FOLSOM

Property Sales:

 January property sales were 47, down -2.1% from 48 in January of 2015, and 39.7% lower than the 78 sales last month.

  January 2016 sales were at their lowest level as compared to January of 2015 and 2014.

  January YTD sales of 47 are running -2.1% behind last year's year-to-date sales of 48.

Prices:

  The Median Sales Price in January was $4389,900 up 7.6% from $407,750 in January of 2015 and down -0.7%% from $441,868 last month.  Median means Middle (the same # of properties sold above & below Median).

  The Average Sales Price (ASP) in January was $456,101, up 5.7% from $431,385 in January of 2015 and down -2.3% from $466,829 last month.

  The January's ASP was at it's highest level as compared to January of 2015 and 2014.

Inventory & Month's Supply of Inventory:

  The total inventory of properties available for sale as of January was 87, up 2.4% from 85 last month and down -40.8% from 147 in January of last year.

  Currently, there is a 1.9 month supply of inventory.

Average Dollar Per Square Foot - Sold Homes:

                2016            2015                   2014                                

Jan          $229           $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                            235                       216                                      

Dec                            224                       210 

     

Stats for January 2016:

  Properties for Sale w/o Short Sale Contingent:                 77   $214,900   -  $1,599,000

    (129 in January 2015)

  Short Sale Contingent / Pending Lender Approval:            9   $275,000  -   $   625,000

    (11 in January 2015)

  Pending Sales:                                                                      89   $200,000  -   $   899,000

    (100 in January 2015)

  Sold in January 2016                                                            47   $281,500  -    $  910,000

    (44 in January 2015)

November Sold Homes by # of Units Per Price Bracket:

   $100,000's - 0          $200,000's - 2          $300,000's - 13

   $400,000's - 20        $500,000's - 7          $600,000's - 3

   $700,000's - 1          $800,000's - 0          $900,000+ - 1

FOLSOM MARKET REPORT

AMERICAN RIVER CANYON NORTH

Property Sales:   0 Total - Down 5 from 5 in December                    Last List Price /  Sold Price

    

Prices - Average Sales Price / Dollar Per Square Foot:

                           2016                               2015                             2014                                              Jan                  no sales                  $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   (1 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                                                     683,500 /   221              no sales   (1 sale in Nov 2015)

Dec                                                     731,800 /  196               no sales                 

Pending Sales:   2 total - Down 4 from 6 in November

    257 ARC Dr           3164 sf / 4 bed / 3.5 bath/  pool /  1 story /  yb 1995        $625,000 Short Sale

   154 Tomlinson      4474 sf / 4 bed  / 3 bath  /             / 2 story  /  yb 2002        749,950
   156 Tomlinson      3344 sf / 5 bed / 3 bath  /             /  2 story  /  yb 1990        574,900

   

Available Inventory:   6 total - Up 1 from 5 in December

  Use the ARC North Market Report link below to view properties

AMERICAN RIVER CANYON NORTH MARKET REPORT

Please visit my NEW website RobinKaplan.com for all of your real estate needs.