After a prolific January, sales of real estate in El Dorado Hills hit a speed bump in February. A mere 26 homes sold this month, as compared with 29 last year at the same time. 14 foreclosures sold along with 4 short sales and 8 non-distressed homes. Foreclosure sales are up year over year by 100% short sales and non-distressed sales are down 20% and 53% respectively year over year. Total unit volume is down 10% for the same period.

Price data also suggests a general downward trend for February. Sold price per square foot fell 22% year over year. It is currently at $165.71 from a high of $212.83. Average sales price is down 25% from $602,290 to 453,294 year over year. Median sales price is also down 13% for the same period. It is currently at $417,500 from last year’s high of $480,000.

Inventory is at 7.6 months based on the last year of sales and 7.9 months based on the last six months of sales, showing the general slowing of the El Dorado Hills real estate market over the last few months.

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