El Dorado Hills Real Estate Market
El Dorado Hills’ real estate market fared well in September. Unit volume held relatively steady, with 68 units sold this September versus 69 in September of 2004. These 69 units sold at an average price of $733,005, or 97.3% of their $753,424 average list price. Inventory currently is 4.8 months, versus approximately 4.5 months last month.
This September’s average list price was up 25.7% over last year, but homeowners looking to guestimate a price based on an earlier appraisal are cautioned that cost per square foot rose only 8.2% at the same time. Last September the average sale price was $585,438.
As in most markets, days on market — how long it takes to sell a home — are up quite a bit, from 31 last year to 44 this year. As a result, we’re seeing fewer discount listings happening as sellers are realizing that getting their home sold is no longer a matter of simply sticking a sign in the ground, and that a successful sale means both compensating the agent for the buyer and providing enough money for a serious marketing effort to the listing agent.
