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13 Feb

El Dorado County Real Estate Market

Posted February 13th, 2006 | View Comments

El Dorado County’s real estate sales in January have cooled off from last year’s sales at this time. Not counting residential income and other non-residential sales, 120 homes sold in January, down 35% from last January’s figure of 185. Average days on market were up slightly, from 64 to 71. Last year, the ratio of expireds in January to solds was 18.4%. This January, that number stands at 84.2%.

The average home sold in El Dorado County listed for $591,647, and sold for 96.7% of list at $571,874. The median sale price was $488,000. On a cost per square foot basis, homes appreciated 10.9% from January to January.

Currently in El Dorado County there are nine months of inventory.

  • http://www.sky-fire.net Eric

    We had an interesting experience this weekend in El Dorado Hills. First a little background on us; we will move to the sacramento area this summer after 14+ years in san diego. We have spent at least one weekend a month in the sacramento area since Thanksgiving. So far, we have only been looking at new homes (mainly due to the lead times to get one).

    Our experience until this weekend has been some what of a give an take on the actual facts of what has been selling and what has not. (we have been to the same developments every weekend and we track new sales on the web.) On this point, many sales reps have blatently misrepresented that they are selling homes in quanity. One this weekend even told me that they had record sales in December, even though they wanted me to look at the same lots that they had in December.

    We have narrowed down our search to folsom, El dorado hills and West Plaser County (read Roseville). Our first choice was El Dorado Hills in the Sorrento area.

    This weekend we found what we thought would be an acceptable home from Pulte. The house was bigger than what I would like but the price range was good. When we sat down with the “sales represenative” to ask about options, that person flat out told us that that they have limited options and its its take what they have to offer and thats it. Oh yea, and its at thier price.

    Now, I don’t know about the rest of you out there, but 3/4 of a million is a lot of money. I would like to have some confidance that what I’m buying is going to make the home stand out in some way. This is true for the resale market, the home you buy is about some feature that stood out for you. Not so with Pulte, its thier way, at thier price and too bad if you don’t like it.

    Now thats not how I would like to start a long term relation ship with a home builder. They say they have the best customer service, but this first meeting did not show it.

    (Also, what is it with LOT Premiums in that area?)

  • John Lockwood

    Hi Eric,

    Thanks for your comments. I’m not sure I can be much help with Pulte, as I don’t think they’re one of our co-operative brokers. (It sounds like you don’t feel they’re co-operating with you either!)

    All I can say is that you’re the buyer, so you can vote with your wallet.

    Do you have listings on lots? I’m not finding Sorrento as a subdivision. Did you perhaps mean Seranno? (I’m seeing a Sorrento in the east bay). Your agent could run comps for you on the lots. When you talk about the premiums, what are you comparing them to?

    If you want to look at resale homes, let me know — 530-672-9160. There are plenty to see, even if we narrow it down to newer homes. For example, I’m showing forty-one listings between $600,000 and $1,000,000, all built in 2004 or later.

    Meantime, thanks for the comment! Best of luck in your search.

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