Posts Tagged ‘Shingle Springs’

Cameron Park Real Estate Market Update August 2008

Like most areas of El Dorado County, the market recently in Cameron Park is one in which there continues to be a moderate to high amount of inventory and sluggish sales compared to last year. 

Eighteen homes sold in Cameron Park in August, down 14.3% from last August’s figure of twenty-one sales.  Two thirds of these sales were non-distressed.  Sold price per square foot fell 17.1% over the year, form $222.39 in August of 2007 to $184.36 in August of 2008.  The average selling price in August was $358,500, down 16.6% from last year, while the median selling price was $368,000, down 8% from last year’s median of $400,000.

Inventory is fairly high at 8.1 months overall.  The number of non-distressed homes in active inventory (67.8%) aligns fairly well with the number of non-distressed homes that sold in August (66.7%).  22.6% of the active listings in Cameron Park are short sales, and about 9.5% of all sales are foreclosures.

Market Update – Focus on Cameron Park / Shingle Springs

If you’re shopping for a home around Highway 50, you might want to consider Cameron Park / Shingle Springs. There are some pretty nice homes in this area and the lots around homes are bigger than most other areas. Add to that the fall colors that are so enticing this time of year!

Last year, 317 homes sold in the 95682 zip code which includes both Cameron Park and Shingle Springs. The median value of a single family residence last year was $500,000. Homes stayed on the market 65 days before they were picked up.

This year so far, only 192 homes have sold and 23 more are pending sale. The median price has fallen to $465,000. Buyers can expect a savings of approximately 7% from last year’s prices.

There are currently 227 homes to look at in this area between $240,000 and $3,495,000. Lots to look at!