American River Canyon North / Folsom Market Update

15SacJanRCArticle

American River Canyon North 2014 Year End Review How did 2014 compare with the past 4 years? The number of homes sold in 2014 is down -9.6% from 31 homes sold in 2013 and down -19.3% from the highest level of 37 sold in 2012. Short sales and bank owned properties have declined to almost insignificant levels since their highs in 2008 and 2009. Home values have continued to make modest gains over the last 3 years.  Use the link below to see the 2015 Housing Market Forecast provided by the California Association of Realtors. 2015 HOUSING MARKET FORECAST - Calif Assoc of Realtors The average days on market has increased from 31 in 2013 to 54 in 2014 despite a smaller supply of available inventory.  However, 54 days is a significant improvement over the 93 days we were experiencing in in 2011. If you are considering selling your home in 2015:   In my 20+ years of experience in "The Canyon", the sellers who obtain the best prices and an acceptable...

Folsom               Property Sales:  December property sales were 60, down -7.7% from 65 in December of 2013, and -1.6% lower than the 61 sales last month.   December 2014 sales were at their lowest level as compared to December of 2013 and 2012.   December YTD sales of 996 are running -7.1% behind last year's year-to-date sales of 1,072.. Prices:   The Median Sales Price in December was $392,500, up 1.9% from $385,000 in December of 2013 and down -3.6% from $407,00 last month.   The Average Sales Price in December was $398,791, up 3.7% from $384,439 in December 2013 and down -0.4% from $400,544 last month.   The December ASP was at it's highest level as compared to December 2013 and 2012. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of December was 106, down -27.4% from 146 last month and down -7.0% from 114 in December of last year. ...

14NovemberArticleSAC

Folsom               Property Sales:  November property sales were 61, down -16.4% from 73 in November of 2013, and -24.7% lower than the 81 sales last month.   November 2014 sales were at their lowest level as compared to November of 2013 and 2012.   November YTD sales of 935 are running -7% behind last year's year-to-date sales of 1,007. Prices:   The Median Sales Price in November was $407,000, up 5.7% from $385,000 in November of 2013 and down -0.7% from $410,00 last month.   The Average Sales Price in November was $400,544, down 1% from $404,412 in November 2013 and down -7.2% from $431,820 last month.   The October ASP was at mid range as compared to November 2013 and 2012. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of November was 146, down -24.4% from 193 last month and down -11.5% from 165 in November of last year.   Currently, there is ...

Folsom              Property Sales:  October property sales were 79, down -1.3% from 78 in October of 2013, and -25.7% lower than the 105 sales last month.   October 2014 sales were at their lowest level as compared to October of 2013 and 2012.   October YTD sales of 871 are running -6.7% behind last year's year-to-date sales of 934. Prices:   The Median Sales Price in October was $410,000, up 1.9% from $402,500 in October of 2013 and down -2.6% from $421,000 last month.   The Average Sales Price in October was $428,813, up 1.8% from $421,352 in October 2013 and down -5.4% from $453,437 last month.   The October ASP was at it's highest level as compared to October 2013 and 2012. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of October was 185, down -17% from 223 last month and down -4.1% from 193 in October of last year.   Currently, there is a...

14SACOctoberArticle