Market Report - What's Selling in El Dorado Hills - September 2011
Regardless of the economy and what the real estate market looks like, there are always people buying and selling homes. Here is a look at What's Selling in El Dorado Hills based on September 2011 statistics and reports I pulled from our MLS.
The highest price home that sold here in El Dorado Hills last month was this Ridgeview home. It was listed at $995,000 and sold for $972,500 ($203.49/sq. ft.). It was built in 2000 on just over 1/2 acre with approximately 4779 square feet, 5 bedrooms, 4 1/2 baths, and amenities thatincluded City Lights and Folsom Lake views, stone/ cherry flooring, granite slab counters, top of the line kitchen appliances, a home theater, and a pool/spa. It was just a Regular sale (not short sale or REO). It was on the market for 143 days.
On the other end of the spectrum and the lowest price home that sold was this 3 bedroom, 2 bath single story. It was listed at $239,000 and sold for $225,000 ($165.20/sq.ft.). It was built in 1962 and according to the listing agent, was one of the first homes sold here in El Dorado Hills. It had approximately 1362 sq. ft., original hardwood flooring, and was also a Regular sale. It was on the market for 24 days.
Here are some statistics for all of September's home sales and what's selling in El Dorado Hills:
The MLS showed 60 homes sold
Median home price - $430,250
Average size home - 3050 square feet
Average square foot price - $151.53
Average days on the market - 67 days
Average sales price - $460,809
Average list to sale price - 98.05%
23% were REO Properties, 27% were Short Sales, 50% were Regular Sales.
By comparison here are some statistics for our 4 county region of Sacramento (Sacramento, Placer, El Dorado, and Yolo):
Average sales price - $224,000
Average price per square foot - $121
33.8% of the monthly sales were REOs, 26% were Short Sales, and 40.2% were Regular Sales
See more of these regional statistics on this month's Trendgraphix Report on my website.
So what does this all boil down to for you:
If you're a buyer, you may be able to find homes for sale here in El Dorado Hills in the $200K's but you should expect to pay more than you would in most areas of the Sacramento region as a whole. As evident in the list to sale price figure, unless a home has sat on the market for a very long time, a low ball offer will usually not do the trick.
If you're a seller in El Dorado Hills, the days of homes selling for over $200 per square foot is few and far between (Only 3 out of the 60 home sold for over $200/ sq. ft.) and it may be a long time before we see those prices again. It is imperative that you price your house right the first time whether you have equity and are a regular seller or you are underwater and will have to do a short sale or your home will just sit on the market.
What's selling in El Dorado Hills will vary slightly from month to month but rest assured homes are always moving! If you are buying or selling a home in El Dorado Hills, give me a call!
More market reports for El Dorado Hills based on this months figures:
Market Report for El Dorado Hills - Supply / Demand - Who's Really in Charge?
Market Report for El Dorado Hills - Regular vs All Property Type Sales
I am a REALTOR® in El Dorado Hills with Lyon Real Estate. Though living in El Dorado Hills is my passion, I am happy to help you with your real estate needs throughout the Sacramento Valley. For more information on me or our wonderful area visit my website at www.DeeDeeRiley.com or email me at driley@golyon.com.
Search MLS Listings in El Dorado Hills and the Sacramento Region
Click here to find out more about me! Or just Google Me!
Keep in touch 
By DeeDee Riley 2011 *All Rights Reserved*Market Report - What's Selling in El Dorado Hills - September 2011
Comments(4)