EL DORADO HILLS REAL ESTATE HOME SALES DATA – JULY 2014
The purpose of this post is to provide those interested in the El Dorado Hills Real Estate market data about that market. This report covers July 2014, and the fourteen previous months.
If you would like to see all homes for sale in El Dorado Hills CA, select this link. It is a two-part process. First check the “El Dorado Hills Area” box part way down on the left side of the page and then scroll down and click the “search” button at the bottom of the page. All available El Dorado Hills real estate will come up.
The first chart lists the average price-per-square-foot for all homes sold in El Dorado Hills by month. The cost reported of $ 207, five dollars more than the previous month and the highest it has been in years. While prices are not skyrocketing, they are edging up at a leisurely pace.
The second chart shows the level of inventory, (the number of homes for sale, divided by the number of homes sold each month). The July inventory level was at a 3.5-month supply, the same as it was last month. The market is not as frantic as it was last year.
Pundits tell us that a six-month inventory is a neutral market. We can see that the El Dorado Hills real estate market is, and has been for some time, a seller’s market. Real estate in El Dorado Hills remains a good investment and is likely to get better as time goes by.
The third chart shows the average days on market and the selling price as a percentage of asking price. The average home took 54 days to sell in July, down from 72 days last month and almost double the time it took to sell last July. The average home sold for 96% of the asking price, in the normal range.
If you would like to see this data for other cities and towns in our area, feel free to contact us at (916)337-0658 or e-mail Mike@BuyYourVilla.com.
To use the very best Internet property search tool go to www.BuyYourVilla.com. You can also find past and future reports of the monthly El Dorado Hills Real Estate home sales data on that site.
Post first published at www.BuyYourVilla.com
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