Sacramento Real Estate Blog

Unlike many areas of Sacramento County, El Dorado Hills and other areas in El Dorado County have not seen huge increases in volume in recent months.  With prices falling more slowly than in Sacramento County, El Dorado County has lower demand and more inventory.

With 47 homes selling in August of 2008, sales volume was down 9.6% from last year’s volume of 52 homes sold in August of 2007.  The average price per square foot fell 20.6% from August to August, from $235.59 in August of 2007 to $187.15 in August of 2008.  This year’s average El Dorado Hills home sold for $587,854, down 22.4% from last year’s average of $757,285.  The median price dropped 14%, from $610,500 in August of 2007 to $525,000 in August of 2008.

Non-distressed sales in El Dorado Hills make up a more significant proportion of sales than in other areas, making up 59.6% of all sales in August.  Bank foreclosures accounted for 34% of all sales, while short sales accounted for 6.4% of sales.

There are about 9.4 months of inventory in El Dorado Hills.