American River Canyon North / Folsom Market Update

AMERICAN RIVER CANYON NORTH Property Sales:    0 Total - Unchanged                                         Last List Price /  Sold Price      Prices - Average Sales Price / Dollar Per Square Foot:                             2016                                 2015                               2014                                               J an                  no sales                  $729,100 / $194 ...

FOLSOM Property Sales:  February property sales were 47, down -24.2% from 62 in February of 2015, and unchanged from 47 sales last month.   February 2016 sales were at their lowest level as compared to February of 2015 and 2014.   February YTD sales of 94 are running -14.5% behind last year's year-to-date sales of 110. Prices:   The Median Sales Price in February was $452,784 up 5.8% from $428,000 in February of 2015 and up 3.2% from $438,900 last month.   Median means Middle (the same # of properties sold above & below Median).   The Average Sales Price (ASP) in February was $467,949, up 8.5% from $431,446 in February of 2015 and up 2.6% from $456,101 last month.   The February ASP was at it's highest level as compared to February of 2015 and 2014. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of February was 87, unchanged from last month and down -46% from ...

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%...

Outlook for 2016 Housing Market

American River Canyon North 2015 Year End Review How did 2015 compare with the past 4 years? American River Canyon North saw 43 homes sold in 2015 which is up by 53% from 28 homes sold in 2014 and up 16% from the previous highest level of 37 sold in 2012. Home values have continued to make gains over the last 4 years from a low in 2012 of $150 per square foot to $197 a square foot in 2015. The average days on market has increased from 54 in 2014 to 67 in 2015 despite the healthy activity in our local real estate market.  However, 54 days is a significant improvement over the 93 days we were experiencing in in 2011. Short sales and bank owned properties have declined to almost insignificant levels since their highs in 2008 and 2009. Use the link below to see the 2016 Economic & Market Forecast provided by the California Association of Realtors. 2016 ECONOMIC & MARKET FORECAST - CALIFORNIA ASSOC OF REALTORS If you are considering selling your home...

FOLSOM Property Sales:  December property sales were 73, up 10.8% from 65 in December of 2014, and  4.3% higher than the 69 sales last month.   December 2015 sales were at their highest level as compared to December of 2014 and 2013.   December YTD sales of 1,100 are running 9.9% ahead of last year's year-to-date sales of 1,001. Prices:   The Median Sales Price in December was $440,376 up 11.5% from $395,000 in December of 2014 and up 4.9% from $420,000 last month.   Median means Middle (the same # of properties sold above & below Median).   The Average Sales Price (ASP) in December was $462,738, up 12.5% from $411,252 in December of 2014 and up 8.6% from $425,909 last month.   The December ASP was at it's highest level as compared to December of 2014 and 2013. Inventory & Month's Supply of Inventory:   The total inventory of properties available for sale as of December was 78, down -39.5% from 129 last month and dow...