When prices fall, homebuyers in El Dorado county buy more and buy bigger. This trend we have seen for a while now has continued in January of this year as well. Overall unit volume was up by 30.3% year over year in the county of El Dorado, with short sales being the largest gainers – up by 92.9% year over year. Non-distressed sales also were up by 48.1%. REO sales remained the same or almost the same as last January with just a 2.1% increase. 116 homes sold in all in the county.

Average price per square foot is now $149.48 a 7% decline year over year from a high of $160.70 last January. As such, people afforded themselves homes on average 6.1% larger this January than the last. Average sales price seems to show a decline of just 1.3% but the more accurate figure is the average sold price per square foot. The current average sales price has now hit $352,668 from a high of $357,349 last year. Median sales price on the other hand has gained 6.8% and currently sits at $315,000.

El Dorado county has 7.7 months of inventory based on the last twelve months.

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