If El Dorado county is considered lackadaisical by most people who live in Sacramento county, real estate sales in it are following the same pattern. Still unit volume in sales continues to remain higher by 17% than it was last year at this time, although it is lower than last month’s volume of sales. Last month, 99 homes sold in the county of El Dorado. 89 homes sold this month: 48 foreclosure sales (53.9% of the total), 14 short sales (15.7% of the total) and 27 non-distressed homes (30.3% of total).

The greatest increase is in short sales: year over year, we see that short sales have gained 180% in sales. Foreclosures are a close second with a gain of 100% year over year. Non-distressed sales, not surprisingly have suffered a decline of 42.6% year over year.

All this, of course, means that prices have fallen yet again. Sold price per square foot is 20.1% lower this January than it was last January – a drop from $201.22 to $160.70. This is also lower than last month’s $167.17. Average sales price is also lower year over year by 23.4% – a decline from $466,770 to $357,349 currently. This is also lower than last month’s $368,912. Median sales price is down $426,000 to $295,000 – a fall of 31%. This is also lower, unfortunately, than last month’s $340,000.

Inventory remains almost unchanged from last month”s 9.8 and 9.3 months. Currently, we are at 9.7 months of inventory based on the last 12 months of sales and 9.8 months based on the last 6 months of sales. Last month’s 250 short sales have now increased to 267 active short sales. The active foreclosures remain almost the same in number at 174.

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