A total of 103 homes sold in the county of El Dorado this month. The majority, as everywhere else, were distress sales. 55 foreclosures (53.4% of the total real estate sales) sold along with 14 short sales (13.6% of all sales) and 34 nondistressed homes (33% of all sales). When we compare the total number of sales to last year at the same time, we see that unit volume is up by 9.6% – not bad in this market in El Dorado county.

The biggest increase year over year this time has been in foreclosure sales. Last month it was short sales. It’s interesting to note that different areas are behaving in completely different ways in this regard. Some areas like Folsom are beginning to prefer non-distressed sales over short sales and foreclosures and clearly El Dorado county is beginning to like its foreclosure sales. Sold foreclosures are up 83.3% year over year, short sales are up 27.3% year over year and non-distressed home sales are down – not surprisingly – 36% for the same period.

El Dorado county saw its first month on month increase in average sold price per square foot in a long time. Unfortunately it still seems to be a decline year over year by 17%. This month’s sold price per square foot at $165.25 is better than last month’s $160.70 but not as good as $199.05 a year ago. Average sales price has also tumbled 16% year over year to rest at $349,588 from a high of $416,868. Median sales price is now at $339,000 from a high of $382,000 for the same period. That is a drop of 11.3%.

Inventory in El Dorado county is at 7.4 months based on the last year of sales and 8 months based on the last 6 months of sales.

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