Cameron Park Real Estate Market
Tomorrow I’m off to meet with a seller here in Cameron Park to see about a listing, so I thought I’d take a minute to write about Cameron Park’s market so I’d have it handy for him.
Thirty homes sold in Cameron Park in December, down just slightly from 33 at the same time last year. This year’s average home was a scant 1834 square feet, compared to the larger average of 2252 last year, so if you just look at prices, they’ve gone down! (Which is why the Sacramento Bee consistently gets things wrong by focusing on median sale price — who cares? Not even average sale price tells you much unless we understand what we’re selling).
On a cost per square foot basis, homes appreciated 11.5% from December to December. This year’s average home listed for $449,841 and sold for $440,643, or 98.0% of list. The median sale price was $429,975).
Days on market were up substantially, from 55 days on average last year to 76 days this year, on average, but because of the strong sales in December, the “expired to sold ratio” doesn’t look too bad, at 53.3%, but it is up from last year’s figure of 24.2%.
