Elite Properties has published its El Dorado County Market Report for May of 2007 on our Amador and El Dorado County Real Estate blog. Once again, we continue to be impressed by how resilient El Dorado is to the changes in price that are happening more dramatically all around it.
As we reported there:
As we’ve seen over the last several months, El Dorado County’s real estate market continued to put in a strong showing, with only very small declines in price and slight changes in other market areas compared to Sacramento County to the west, Placer County to the North, or Amador County to the South.Click here to view the full report.The median price for all residential property sold through the local MLS (Metrolist), is an excellent indicator of this resilience, declining a mere eight tenths of one per cent from May of 2006 to May 2007, from $499,000 last year to $495,000. The average sold price in May was $543,534, down only 1.2% from last year. Even adjusted for square footage, the decline was only a moderate 4.4% from May to May.
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