Cameron Park’s real estate market was strong in August, but is threatened by increasing inventory. Some thirty-two residential units sold in August of 2005, down from last year’s number of 49. Average days on market remained steady however at 37 days for both periods. The average Cameron Park home sold for $496,100 in August 2005, or 99.2% of the average list price of $499,983. The median selling price in August was $495,000, so we’re poised to break the half million mark in September.

Appreciation from last year was quite strong even when compared to the greater Sacramento market as a whole. The average Cameron Park home sale price of $496,100 for August of 2005 marks a 24.9% increase over the $397,067 selling prices for
same month last year. Adjusted for the larger square footage, Cameron Park homes still sold for 20.4% more than they did last year.

September’s Picture is Less Rosey
Though Cameron Park’s appreciation and days on market statistics are strong, inventory built up considerably throughout the summer, and by now can be considered somewhat “bloated”. Based on the number of homes sold through the MLS
in August, and the number of homes active today (September 23, 2005), there are slightly more than five months worth of homes in inventory. (In other words, even if we listed nothing new, it would take five months to sell the homes we
have). In general, the average home on the market today in Cameron Park is almost 300 square feet bigger and lists for almost $100,000 more than the homes sold in August.

Get all the facts on YOUR home with a complete CMA
Average numbers are good starting point, but if you’re getting ready to sell, correctly pricing your exact property against recent comparables is vital to a successful sale. Fill out our CMA form or call us toll free at (877) 735-5657 and we will be happy to prepare a complete Comparative Market Analysis for you with no obligation.

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