American River Canyon North / Folsom Market Update

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It was an exciting Super Bowl yesterday between two great teams.   I love the clever commercials and all of the junk food we feel we have permission to eat on Super Bowl Sunday.   If you didn’t watch football yesterday, I hope that you were able to get out and enjoy the beautiful spring-like weather. California Association of Realtors Fast Facts for December 2011: Calif. median home price : December 2011: $285,920 (Source: C.A.R.) Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.) Calif. lowest median home price by region/county December 2011:  Madera : $106,000 (Source: C.A.R.) Calif. Pending Home Sales Index : December 2011: 91.6, an increase from the revised 82.5 recorded in December 2010 Calif. Traditional Housing Affordability Index : Third quarter 2011: 52 percent (Source: C.A.R.) Mortgage rates : Week ending 1/26/2012 30-yr. fi...

Fast Facts Calif. median home price : December 2011: $285,920 (Source: C.A.R.) Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.) Calif. lowest median home price by region/county December 2011: Madera: $106,000 (Source: C.A.R.) Calif. Pending Home Sales Index : December 2011: 91.6, an increase from the revised 82.5 recorded in December 2010 Calif. Traditional Housing Affordability Index : Third quarter 2011: 52 percent (Source: C.A.R.) Mortgage rates : Week ending 1/26/2012 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.24 fees/points: 0.8% 1-yr. adjustable: 2.74% Fees/points: 0.6% (Source: Freddie Mac)

Fast Facts from the California Association of Realtors Calif. median home price : December 2011: $285,920 (Source: C.A.R.) Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.) Calif. lowest median home price by region/county December 2011: Madera: $106,000 (Source: C.A.R.) Calif. Pending Home Sales Index : December 2011: 91.6, an increase from the revised 82.5 recorded in December 2010 Calif. Traditional Housing Affordability Index : Third quarter 2011: 52 percent (Source: C.A.R.) Mortgage rates : Week ending 1/19/2012 30-yr. fixed: 3.88% fees/points: 0.8% 15-yr. fixed: 3.17 fees/points: 0.8% 1-yr. adjustable: 2.74% Fees/points: 0.6% (Source: Freddie Mac)

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I hope that you and your family had a wonderful holiday and New Year celebration.   The beginning of a new year is always an exciting and promising time with resolutions to be honored and a trust that a new year will bring exciting new changes. As we welcome 2012, I thought that researching ARCN’s previous year end real estate statistics would be an interesting and useful tool for charting the progress of our local real estate market over the course of the last 5 years.   The statistics* that I have tracked are for single family homes in ARC North only and do not include properties in the Cascades or Canyon Falls Village from January 2007 to the last day of 2011.                                                Click for ARCN 2011 Sales Stats   2007 ...