If sales were mostly unchanged last month, they are even more so this month. El Dorado county seems to be the perfect example of the phrase “the more things change, the more they remain the same.” 163 homes sold this month as compared with 162 homes last September. Yes, things don’t change very quickly in El Dorado county as I’ve mentioned before. Even within the REO and short sale and non-distressed categories, the numbers have remained pretty much in keeping with last September: 68 REOs this September as compared with 65 year over year, 22 short sales as compared with 19 and 73 non-distressed homes as compared with 78 for the same period.

Average sold price per square foot is now at $146.63 compared with $175.58 from a year ago. That’s a drop of 16.5% overall while the average sales price now hovers at $323,720 with a 15.5% fall for the same period. Median price has fallen 20.6% from a year ago to rest at $286,000.

Inventory in El Dorado county is not at 9.4 months based on the last year of sales. We have seen a small increase in sales over the last six months though as evidenced by inventory based on the last six months at 8.1 months. Foreclosure inventory is at 1.7 months and 1.6 months respectively.

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