The El Dorado county real estate market has remained mostly unchanged from last August to this August. A total of 141 homes sold with a unit volume drop of just 9.6% year over year. When compared to Sacramento county, that seems like quite a small change. Foreclosure sales fell 3.5% year over year, short sales gained 60% and non-distressed sales fell 21.3% for the same period.

Average sold price per square foot now rests at $153.47, down 16.3% year over year from a high of $183.45. Average sales price has correspondingly fallen 16.6% from $399,290 last August to $332,096. Median sales price is not at $285,000, a drop of 19.7% year over year.

Inventory in El Dorado county is at 10.1 months based on the last year of sales and 9.2 months based on the last six months of sales. Foreclosure inventory still hovers around 2 months, so we might see more homebuyers from Sacramento move to El Dorado county in search of foreclosure gold!

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