American River Canyon North / Folsom Market Update

Folsom               Property Sales:  March property sales were 75, down - 19.3% from 88 in March of 2014, and 14.5% higher than the 62 sales last month.   March 2015 sales were at their lowest level as compared to March of 2014 and 2013.   March YTD sales of 181 are running -9% behind last year's year-to-date sales of 199.. Prices:   The Median Sales Price in March was $433,000, up 8.3% from $400,000 in March of 2014 and up 1.2% from $428,000 last month.   The Average Sales Price in March was $446,495, up 9.2% from $408,766 in March 2014 and up 3.5%  from $431,446 last month.   The March ASP was at it's highest level as compared to March 2014 and 2013. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of March was 134, down -11.3.% from 151 last month and down -29.5% from 190 in March of last year.   Currently, there is a 1.9 month su...

Folsom               Property Sales:  February property sales were 60, up 9.1% from 55 in February of 2014, and 30.4% higher than the 46 sales last month.   February 2015 sales were at a mid level as compared to February of 2014 and 2013.   February YTD sales of 106 are running -4.5% behind last year's year-to-date sales of 111. Prices:   The Median Sales Price in February was $428,000, up 9.7% from $390,000 in February of 2014 and up 2.6% from $417,250 last month.   The Average Sales Price in February was $434,411, up 3.6% from $419,319 in February 2014 and down -0.6%  from $436,988 last month.   The February ASP was at it's highest level as compared to February 2014 and 2013. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of February was 133, down -5.% from 140 last month and down -25.3% from 178 in February of last year.   Current...

Folsom               Property Sales:  January property sales were 44, down -21.4% from 56 in January of 2014, and -32.3% lower than the 65 sales last month.   January 2015 sales were at their lowest level as compared to January of 2014 and 2013.   January YTD sales of 44 are running -21.4% behind last year's year-to-date sales of 56.. Prices:   The Median Sales Price in January was $423,000, up 2.5% from $412,500 in January of 2014 and up 7.1% from $395,000 last month.   The Average Sales Price in January was $442,965, up 10.7% from $400,216 in January 2014 and up 7.7% from $411,252 last month.   The January ASP was at it's highest level as compared to January 2014 and 2013. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of January was 129, up 10.3% from 117 last month and down -22.3% from 166 in January of last year.   Currently, there i...

15SACFebRCArticle

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. ...