Today October 1, 2009 the Amador County Association of REALTORS® MLS shows a total of 426 active residential listings, down 25 from last month.

These listings have a $ 360,301.00 average listing price, down over ten thousand dollars from last month’s average. Prices are still dropping… Mine too.

The average number of days on market for these listings is 194 days, down a statistically meaningless 7 days, from September first’s 201 day average.

In the last month Amador County has had 67 new listings and 28 listings have sold.

Today the lowest priced listing is a twenty year old, 3/2 manufactured home on .12 acres in The Oaks Park in Ione. This one’s value is mostly in the land but still looks like a good deal to me.

The highest priced listing is a big operating vineyard on over 137 acres in “The Valley.” It is offered for $5.1 million.

Three new houses in Castle Oaks, Ione are in a tie for this month’s median priced listing. These houses are listed as “green” as they are new homes and built to title 24 code. They are each offered at $ 269,990.

At the rate of sales last month, it would take a bit more than 15 months to deplete the current Amador County Real Estate inventory. This is often looked at to decide basic market trends. This number is down almost 2 months. Meaning that the market might actually be recovering, a little…

The National Association of Realtors sometimes defines a market with over six months of inventory as a “buyers market”. Up here in the foothills inventory is often somewhat slower to move. Nonetheless, with almost a year and a half of inventory, buyers that are ready, willing, and able, should have their pick.
Amador County Real Estate awaits you.

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