27 Sep
Placerville Real Estate Market
Posted September 27th, 2005 | View Comments
Turning now to the real estate market in the greater Placerville area for August of 2005, this August 30 units sold compared to last year’s 29. The sale price was $434,910, up 28.4% from last year. The median sale price in Placerville this year $397,450. Adjusted for this year’s larger model size, however, the rate of increase becomes 19.8% — still very respectable indeed!
On average, seller’s sold their homes for 97.6% of the list price — the average list price was $455,513. This “swing”, or discount, of 2.4% is one of the larger values in the local area, but with only 30 units sold, sample size could easily be playing a role here. Placerville homes spent an average of 42 days on the market this year, up slightly from last year’s average of forty days.
As in many local markets, Placerville is experiencing a pretty high inventory “backlog” of homes presently. There are 4.8 months worth of homes in inventory as of 9/25/05.
