Nothing much has changed in the real estate landscape of El Dorado county since last month. A total of 128 homes sold in the month of April this year – that’s almost the same number as last April. Of these, 60 were foreclosure sales, 21 were short sales and 47 were non-distressed homes. So, the real estate sales pie in El Dorado county shows 47% of all sales to be foreclosures, 16.4% to be short sales (still a pretty large number if you compare it year over year to 5%) and 37% to be non-distressed homes.

The average sold price per square foot has fallen again from last month’s $161.83. It is currently a$148.57, 25% under last April’s $198.08. This has probably encouraged home buyers to acquire homes on average 5% bigger year over year. With this in mind, remember that the average sales price number is not as accurate when comparing year over year averages as the price per square foot. The average sales price in El Dorado county is currently $337,140, down 21% year over year from a high of $427,540. Median price has also fallen 16% for the same period from $380,000 to currently rest at $320,000.

Inventory is at 9.9 months based on the last year of sales and 11.7 months based on the last six months of sales pointing to the recent sluggishness in the El Dorado county market.

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