In September we made our way through some of the inventory that had built up earlier, and that we reported on in last month’s Cameron Park Real Estate Update. Inventory is now down to 4.6 months — twice as much as Orangevale’s 2.3, to be sure, but at least moving away from the “five months plus” we reported in August. Of course, the flip side of getting rid of built up inventory is an ugly showing for days on market, at an average of 53 days as opposed to 29 days on average last September.

The average home in Cameron Park sold for $53,064, a respectable 99% of the average list of $541,453. The median sale price was $511,000. Sale price increased an average of 24.7% since last year, but the increase when adjusted for square footage was 118.5%. The expireds-to-solds ratio for September was 17.5%, a fairly modest number — homes are selling in Cameron Park, it’s simply taking a good deal longer to get it done.

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