American River Canyon North / Folsom Market Update

February Article

News Release - Consumer Housing Sentiment Continues to Rise as Employment Concerns Wane | Fannie Mae

Home Renovations on the Rise....

Folsom Property Sales:   Property sales were 62, down -14.1% from 71 in January 2012 and -25.6% lower than the sales last month.  January 2013 sales were at a mid level compared to January 2012 and 2011.  January YTD sales of 62 are running-14.1% behind last year's YTD sales of 71. Prices:   The Median Sales Price in January was $354,000, up 33.6% from $265,000 in January 2012 and up 0.4% from $352,500 last month.  The Average Sales Price in January was $363,551, up 26.1% from $288,269 in January 2012 and down -3.2% from $375,391 last month.  January ASP was at it's highest level as compared to January 2012 and 2011. Inventory & Month's Supply of Inventory (MSI);   With 62 homes sold last month and 54 homes currently available in Folsom, there is less than a one month supply of available homes.  Most sellers are still receiving multiple offers. Average Dollar Per Square Foot for Sold Homes:   November 2011  -  $153...

January Article

FOLSOM Property Sales:   December property sales were 76, down -7.3% from 82 in December 2011 and -15.6% lower than the 90 sales last month.  December year-to-date (YTD) sales of 1,008 are running -1.4% behind last year's YTD sales of 1,022. Prices:   The median sales price in December was $355,965, up 26% from $282,500 in December 2011, and up 3.5% from $343,917 last month.  The Average Sales Price in December was $380,237, up 29.7% from $293,111 in December 2011, and up 9.1% from $348,527 last month.  December 2012 ASP was at it's highest level compared to December of 2011 and 2010. Inventory & Month's Supply of Inventory (MSI):   With 76 homes sold in December and 55 homes currently available in Folsom, there is less than a one month supply of available inventory. Average Dollar Per Square Foot for Sold Homes: October 2011    -   $156          October 2012 ...