El Dorado County Real Estate Market
The real estate market for El Dorado County in June is similar in broad outlines to the market for Sacramento County, with a few noteworthy differences.
First, the similarities: In both markets, buyers got themselves a slightly larger house this June, on average. This year’s average in El Dorado County was 2199 square feet, as opposed to last year’s 2128 square foot average. In Sacramento, the averages are 1681 square feet for this year, and 1605 square feet for last year.
In both markets, however, the average cost per square feet is down. The drop was .8% in Sacramenty County, and .9% in El Dorado County. El Dorado County’s inventory is also high, at about 8.8 months.
Unit volume was down by a less alarming amount (27.9%) than Sacramento’s (51.7%). 199 homes sold in El Dorado County in June, as opposed to 276 in June of last year.
The average home sold in El Dorado County in June for $552,513, or 97% of the average list price of $568,800. The median sale price was $519,000, up 8.2% from last year. Days on market increased from an average of 35 days last year to an average of 62 this year.
