EL DORADO HILLS REAL ESTATE HOME SALES DATA – JUNE 2014
The purpose of this post is to provide those interested in the El Dorado Hills Real Estate market data about that market. This report covers June 2014, and the fourteen previous months.
The first chart lists the average price-per-square-foot for all homes sold in El Dorado Hills by month. The cost reported of $ 203, one dollar less that last month and tied with April for the highest in the past fifteen months. We seem to be flocculating in a very narrow range. Fortunately, that range is around the highest prices we have seen in years.
The second chart shows the level of inventory, (the number of homes for sale, divided by the number of homes sold each month). The June inventory level was at a 3.8-month supply, up from the 2.9-month supply reported last month. It looks like more sellers are entering the market as prices climb back into their comfort zone. Pundits tell us that a six-month inventory is a neutral market.
We can see that the El Dorado Hills real estate market is, and has been for some time, a seller’s market. Real estate in El Dorado Hills remains a good investment and is likely to get better as time goes by.
The third chart shows the average days on market and the selling price as a percentage of asking price. The average home took 66 days to sell in June, up from 52 days last month and the 25 days it took last June. It looks like our market is slowing down as prices increase. The average home sold for 97% of the asking price, in the normal range.
If you would like to see this data for other cities and towns in our area, feel free to contact us at (916)337-0658 or e-mail Mike@BuyYourVilla.com.
To use the very best Internet property search tool go to www.BuyYourVilla.com. You can also find past and future reports of the monthly El Dorado Hills Real Estate home sales data on that site.
Post originally published at www.BuyYourVilla.com
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