El Dorado County Real Estate Market Update: June 2009
Nothing much has changed in the real estate landscape of El Dorado county from month to month; change is always slow in this part of California. A total of 176 homes sold in El Dorado county, a 5% overall unit volume increase year over year. 61 of these homes were foreclosure sales, 21 short sales and 94 non-distressed property sales. While foreclosure sales and non-distressed home sales have remained the same year over year, we see a 75% jump in short sales.
Sold price per square foot is faring slightly better than it was last month at $158.16. It is still however a decline year over year of about 19%. Average sales price tells the same story at $378,291. Median sales price is at $340,000 in El Dorado county.
Inventory is at 10.4 months based on the last year of sales and 10.8 months based on the last six months of sales. Foreclosure inventory is at 2.3 and 2.2 months respectively.
