Market Statistics for Bank Owned Homes in El Dorado Hills
Following are market statistics for bank owned homes in El Dorado Hills based on the lasted sales figures of August. According to our Trendgraphix Monthly Real Estate Report this month, Bank owned or REO listings in the Sacramento Region as a whole account for 19% of the total inventory. Here in El Dorado Hills they accounted for only 9% of our total listings. As for sales, the bank owned accounted for 34% of the total sales in the region while in El Dorado Hills they accounted for 22% of our total sales. So basically our REO inventory is really low!
In my opinion this is great news for regular sellers as the bank owned properties tend to drag our overall prices down. It is not to say we are seeing the last of them as we still have many in backlog waiting for the banks to put them on the market for for now, I encourage you to take advantage of it. If you have to sell, let's talk!
The above graphs are from Trendgraphix, Inc.
More Market Statistics
In comparison to August 2008
*Regular Sales price per square foot is down 20.4%, listings for sale are down 54.3%, median home price is down 24.5%.
*REO - bank owned- price per square foot is down 18.5%, listings for sale is down 50%, and median home price is down 25%.
*Short Sales price per square foot is down 14.7%, listings for sale is up 16.2%, and median home price is down 32.2%.
Statistics for the Sacramento Region Counties visit my website.
Trendgraphix Monthly Real Estate Report
El Dorado Hills Real Estate Sales by Listing Type
Market Statistics for Regular Sale Homes in El Dorado Hills
If you have questions on any of these charts and what you're seeing, feel free to leave a comment or email me directly. If you need to buy or sell a home in El Dorado Hills, call me at 916-225-2719 or email me at driley@golyon.com!
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.
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By DeeDee Riley 2011 *All Rights Reserved*Market Statistics for Bank Owned Homes in El Dorado Hills
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