Amador County Real Estate Market Report June 3, 2010

By
Real Estate Agent with Mainstreet Brokers

For those of you that have been following these reports, please forgive me. I skipped last month. The First week of May was so hectic I just didn't get to this and by the time I could we were well into the month. But I think things are back on track now, at least until the fabulous new calREDD MLS system is fully "populated... Amador County Real Estate inventory is a little down this month. Today, June 3, 2010 the Amador County Association of REALTORS® MLS shows a total of 420 active residential listings in Amador County, up 30 from April’s 390.

Ione City limit sign Pop 7204 elev 296 roadThese listings have a $ 324,229 average listing price, down about twelve thousand dollars from April’s average of $ 344,496.

The average number of days on market for these listings is 191 days, No meaningful change from April’s 192 days.

In the last month Amador County has had 81 new listings and 43 listings have sold.

Today the lowest priced listing is a two bedroom, two bath manufactured home in The Highlands Park (Jackson). It does not include the land and space rent is $479/month. This home is offered at $20,000.

 

The lowest priced "stick built" home right now is a two story 2 bedroom 1 bath home in River Pines. Siting on a nice sized .43 acre lot, this "bank owned" home is offered at $69,900.

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

This month Amador County's median priced listing is a brand new JTS 3/2 in the Edgebrook Estates
subdivision of Ione.  Offered at $ 246,990, this home full of extras and is just a few blocks from the Castle Oaks golf course. 

At the rate of sales last month, it would take almost 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 some from April’s 13 month’s inventory. Moving the direction I would like to see but not much.

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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