This post is a continuation of my monthly study of Bank Owned homes Sold in El Dorado Hills, CA. The El Dorado Hills market continues to track with the historic numbers that I have been monitoring for the past eighteen months or longer. Unlike the Folsom market. (For those of you unfamiliar with the area. Folsom is the next town down hill from El Dorado Hills.)
In March 19 REO home sold, a full 50% if the total of 38 homes sold, the largest percentage since I started this study. The cost-per-square-foot for REO home sold was $ 154, down two dollars. The cost-per-square-foot for all homes sold was $ 170, down one dollar from February. The trend of saving about 10% of thecost-per-square-foot by buying an REO property continues in El Dorado Hills.
The average days on market increased to 47, up from 38 in February. Five of the 19 properties sold were on the market for over 100 days. Note that 6 of the 19 REO homes that sold in March, sold for over $ 600,000.
The data follows:
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