El Dorado County Real Estate Market Update - February
El Dorado County’s real estate market in February showed significant slowing from last year, and a sharp dip from January numbers as well. The average home sold in February in El Dorado County through the MLS listed for $508,942, and sold for $497,090, or 97.7% of list. Average sale price increased 2.8% from last year, or 7.4% on a cost per square foot basis. The median sale price was $430,000, a 3.4% drop from last year.
Median sale and average sale were both down from January as well, a five percent drop when calcluated on a cost per square foot basis. The expired to sold ratio currently was 76.8% in February, up from 15.4% a year ago. Volume was down from 195 to 125 sold units, and days on market are up from an average of 43 last February to an average of 76 this February. Inventory in El Dorado County is currently 9.6 months.
