El Dorado Hills Market Report - November 2011
Though it’s not always easy, I think it’s important to stay positive in life. Since next week is Thanksgiving, along with this El Dorado Hills Market Report, I wanted to give you a couple good things to reflect on in regards to our El Dorado Hills real estate market -proof that if you look hard enough there is positive in everything.
The following charts from Trendgraphix are based on October's home sales for all property types (REO or bank owned, Short Sales, and Regular) in El Dorado Hills.
Homes For Sale vs. Sold vs. Pending
Average Price Per Square Foot for Homes Sold
Median Home Price
Inventory Based on Montly Home Sales
Now for the positive:
*A recent article I came across called “ Where’s Priciest Homes In California?” shows Sacramento in the number nine spot and shares the following information:
Sacramento — $210,000 median selling price; down 8.30% in a year.
Our median price for all property types combined = $425,000, which is up 5.4% over last year. Even our REO (bank owned) properties’ median is valued at $343,000. This tells us that El Dorado Hills is a wonderful and very desirable area to live. I think a big reason for our higher median price is also the fact that we have a high percentage of Regular (non-short sale/non-REO) homes selling at a much higher price and a relatively low number of short sale and REO (bank-owned) homes.
*Inventory is down to 4.5 months in comparison to 5 years ago when it was 12.2 months. Things were barely moving then as buyers were very cautious. There were 476 homes for sale in Oct. 2006, and 39 sales in comparison to 194 home for sale last month and 43 sales. Things are moving now and that’s always a good thing!
Don't hesitate to call or email me if you have any questions about this El Dorado Hills Market Report or would like to know about our El Dorado Hills Real Estate Market.
El Dorado Hills Short Sales Market Report and History
El Dorado Hills REO (Bank owned) Properties - November 2011 Market Report
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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*El Dorado Hills Market Report - November 2011
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