Even with its relatively relaxed real estate sales, El Dorado county managed to get 189 homes sold in the month of April. That was a 44.3% increase year over year. In fact, every category of real estate experienced a renewed interest and foreclosures gained 24.2%, short sales increased 95.2% and even non-distressed homes jumped 47.9% year over year, promising a better spring real estate season than we have had in a while.

37.6% of all homes sold are now non-distressed while 40.7% are foreclosed homes and 21.7% are short sales. So in that regard, the ratio of distressed property to non-distressed does not look very different from last April.

Average price per square foot now rests at $153.41 – almost the same as last April, but higher by 3.4% if we really wanted to nit-pick. Average sales price has risen 5.9% from $335,233 to $354,982 year over year. Median sales price has fallen 6.3% from $320,000 to rest at $299,900. All in all, a fairly stable (or stabilizing) spring real estate market in El Dorado county.

Inventory remains high at 8.2 months based on the last year of sales and 8.6 months based on the last six months of sales. Foreclosure inventory hovers around 2 months.

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