El Dorado County Real Estate Market Update: July 2010
163 homes sold in the county of El Dorado this last month, an overall unit volume decrease of 12.8% year over year. The largest decrease was in the category of foreclosure sales where home sales dropped from 69 last july to just 42 this july. That was a decline of 39.1% year over year. Short sales increased by 7.7% while non-distressed sales dropped 1% for the same period.
Average sold price per square foot remained mostly unchanged year over year. It is currently $153.30 which is a 0.4% drop from $153.88 last July. We see the same trend here in El Dorado county that we are seeing all over Sacramento county - price stability and much lower sales volume. Average sales price also remained stable at $357,877. Median sales price dropped 5.3% from $337,750 to rest at $319,777.
Inventory in El Dorado county is at 8.9 months based on the last year of sales and 8.1 months based on the last six months of sales. Foreclosure inventory is at a little under three months.
