May, 2008 Real Estate Market Data - Sacramento, Placer, El Dorado Counties
Here are some market snapshots for the three counties in our service area. As you can see, Sacramento County was the biggest loser on price, experiencing a 34.3% drop in sold price per square foot from May to May, but posted a correspondingly strong 74.7% increase in unit volume from May to May, with 1,812 units selling this May versus 1,037 last May. El Dorado County held its value best, but even with that lost almost 20% on a sold price per square foot basis. Unit volume rose faster there (31.3%) than in Placer County (19.1%), yet this was not enough to bring inventory down substantially. At 8.1 months, Placer County’s inventory looks like Sacramento’s (8.3), while El Dorado County still has some 12.6 months of inventory to work on.
Sacramento County
Unit Volume
| Units Sold | May, 2007 | May, 2008 | Change | |
| Foreclosures Sold | 164 | 1164 | 609.76% | |
| (% of total units) | 15.81% | 64.24% | ||
| Short Sales Sold | 38 | 130 | 242.11% | |
| (% of total units) | 3.66% | 7.17% | ||
| Non-distressed Sold | 835 | 518 | -37.96% | |
| (% of total units) | 80.52% | 28.59% | ||
| Total | 1037 | 1812 | 74.73% | |
Prices
| Prices | May, 2007 | May, 2008 | Change | |
| Sold Price / Square Foot | $226.21 | $148.31 | -34.44% | |
| Average List Price | $385,373 | $253,101 | -34.32% | |
| Average Sale Price | $376,158 | $247,555 | -34.19% | |
Inventory
| Sold Last 12 Months | Active | Months of Inventory |
| 13188 | 9070 | 8.3 |
El Dorado County
Unit Volume
| Units Sold | May, 2007 | May, 2008 | Change | |
| Foreclosures Sold | 14 | 42 | 200.00% | |
| (% of total units) | 12.17% | 27.81% | ||
| Short Sales Sold | 1 | 12 | 1100.00% | |
| (% of total units) | 0.87% | 7.95% | ||
| Non-distressed Sold | 100 | 97 | -3.00% | |
| (% of total units) | 86.96% | 64.24% | ||
| Total | 115 | 151 | 31.30% | |
Prices
| Prices | May, 2007 | May, 2008 | Change | |
| Sold Price / Square Foot | $242.58 | $194.49 | -19.83% | |
| Average List Price | $554,219 | $441,878 | -20.27% | |
| Average Sale Price | $532,319 | $425,969 | -19.98% | |
Inventory
| Sold Last 12 Months | Active | Months of Inventory |
| 1527 | 1600 | 12.6 |
Placer County
Unit Volume
| Units Sold | May, 2007 | May, 2008 | Change | |
| Foreclosures Sold | 34 | 182 | 435.29% | |
| (% of total units) | 9.86% | 44.28% | ||
| Short Sales Sold | 16 | 32 | 100.00% | |
| (% of total units) | 4.64% | 7.79% | ||
| Non-distressed Sold | 295 | 197 | -33.22% | |
| (% of total units) | 85.51% | 47.93% | ||
| Total | 345 | 411 | 19.13% | |
Prices
| Prices | May, 2007 | May, 2008 | Change | |
| Sold Price / Square Foot | $241.56 | $179.16 | -25.83% | |
| Average List Price | $499,103 | $411,233 | -17.61% | |
| Average Sale Price | $484,472 | $397,796 | -17.89% | |
Inventory
| Sold Last 12 Months | Active | Months of Inventory |
| 3732 | 2526 | 8.1 |
