Inventory is again slightly down this month…

 Today, December 2, 2009 the Amador County Association of REALTORS® MLS shows a total of 378 active residential listings in Amador County, down 16 from last month’s 394.

These listings have a $ 368,463 average listing price, up about seven thousand dollars from last month’s average of $361,509. Maybe we are finally seeing prices stabilizing a bit...

The average number of days on market for these listings is 214 days, statistically the same as last month’s 213 days.

In the last month Amador County has had 58 new listings and 41 listings have sold.

Today the lowest priced listing is The same 960 square foot manufactured home on a large .30 acre lot in Meadow Pines (Pioneer) It has 2 bedrooms and 2 baths, new carpet, vinyl, paint, and fixtures and even a pellet stove in the living room. This home was listed at $28,000, Now it is down to just $9,950 without the land. Space rent is $490 per month. Water is $34.96 per month Septic is $18.50 per month. This park DOES include children.

The highest priced listing is a big operating vineyard on over 137 acres in “The Valley.” It is offered for $5.1 million. This one has not dropped.

This month two houses, one in Lake Camanche Village and one in Plymouth are in a tie for the median priced listing. The Lake Camanche Village home is an 1860 square foot 3/2 on over a half acre, and the Plymouth home is a 3/2.5 Short Sale on over 5 acres in the Willow Creek area. They are each offered at $ 275,000.

At the rate of sales last month, it would take less than 10 months to deplete the current Amador County Real Estate inventory (if no new listings were made). This is often looked at to decide basic market trends. This number is down from last month’s 10 month’s inventory. Showing a good trend that the market might actually be recovering, a little… But we still have a long way to go.

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 of inventory, buyers that are ready, willing, and able, should have their pick.

Amador County Real Estate awaits you.
 
 
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This information is deemed reliable but you should always confirm.