Cameron Park Real Estate Market Update August 2008
Like most areas of El Dorado County, the market recently in Cameron Park is one in which there continues to be a moderate to high amount of inventory and sluggish sales compared to last year.
Eighteen homes sold in Cameron Park in August, down 14.3% from last August’s figure of twenty-one sales. Two thirds of these sales were non-distressed. Sold price per square foot fell 17.1% over the year, form $222.39 in August of 2007 to $184.36 in August of 2008. The average selling price in August was $358,500, down 16.6% from last year, while the median selling price was $368,000, down 8% from last year’s median of $400,000.
Inventory is fairly high at 8.1 months overall. The number of non-distressed homes in active inventory (67.8%) aligns fairly well with the number of non-distressed homes that sold in August (66.7%). 22.6% of the active listings in Cameron Park are short sales, and about 9.5% of all sales are foreclosures.
