Pollock Pines Real Estate Market Update
Sales of home in the beautiful El Dorado County community of Pollock Pines were down significantly in January, compared to a year ago. This January, eight residential units sold through the MLS, a mere 50% of last year’s total of sixteen units. Meantime, the expired to sold ratio increased ten-fold, from 12.5% in January of 2005 to 125% in January of 2006. Average days on market have doubled, from 36 days last January to 72 days this January. Inventory is currently 12.4 months.
The average sale price in January in Pollock Pines was $348,313, or 97.8% of the average list of $356,088. The median sale price was $341,750. At $232 per square foot, on average, the cost per square foot appreciated some 11.2% from last year.
