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12 Jul

El Dorado County Real Estate Market Update: June 2010

Posted July 12th, 2010 | View Comments

196 homes closed escrow in the month of June in El Dorado county. While parts of Sacramento county are beginning to level off and even have some price gains, El Dorado county is lagging behind in this area.

196 homes selling was an overall unit volume increase year over year from 176 home sales last June in the area of 11.4%. Foreclosure sales increased slightly t 8.2% and short sales gained a whopping 114.3% year over year. Non-distressed sales continued to fall by 9.6%. In fact, non-distressed sales now make up 43.4% of all sales while last year they made up 53.4% of all real estate sales.

Average price per square foot is now $151.80 which is a 4% decline year over year from a high of $158.16. Average sales price in El Dorado county for a house is $365,469 down 3.4% from a high of $378,291 last June. Median sales price is now $335,000 down slightly (1.5%) from $340,000 last June.

Inventory in El Dorado county is now at 8.7 months based on the last 12 months of sales and 8.4 months based on the last six months of sales. Foreclosure inventory is at 2.6 months.

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