My market survey is about El Dorado Hills, CA. The market here is brisk - my phone is ringing, sellers are selling and buyers are buying. In looking at our current housing market conditons, I would say, things are definitely starting to move - our sellers are reducing prices and buyers are buying.
We are a small community with a population of around 25,000 and are located in the foothills east of Sacramento about 25 miles.
Compared to last year at this time our inventory in all three categories of listings (REO's, Short Sales, and Regular Sales) is down between 21 and 38% but sales are up across the board. We are seeing fewer REO properties on the market and more short sales actually selling. REO sales accounted for 32% of the total sales in April compared to last April where they accounted for 46% of our total, while short sales accounted for 21% in April compared to only 5% last April. Contrary to what it seems in listening to the media "that all listings are either Short Sale or bank owned", our Regular Sale listings accounted for 70% of the total inventory.
In dollar terms our average sold price for all El Dorado Hills properties in April was $545K which is up 11% over last month and up 13% over last year. Our average square foot price is $171, up 1.9% over last month and up 7% over last year at this time.
In my market area sales are up huge for Short Sales, a sign that the banks are working with underwater sellers; and sales are up over 50% for Regular Sales, a sign that sellers are reducing their prices and buyers are reacting to it by buying. Yes indeed, in El Dorado Hills - sellers are reducing prices, buyers are buying, and my phone is ringing!
I am a REALTOR® in El Dorado Hills with Lyon Real Estate. Though living in El Dorado Hills is my passion, I am happy to help you with your real estate needs throughout the Sacramento Valley. For more information on me or our wonderful area visit my website at DeeDeeRiley.com or email me at firstname.lastname@example.org.
Copyright© By DeeDee Riley 2010 *All Rights Reserved* The Active Rain Realtor Nationwide Survey about California - El Dorado Hills
DeeDee Riley - El Dorado Hills Realtor - Lyon Real Estate - CABRE#01499004
When you're ready to sell or buy a home; I would love to help! To read what my clients have to say about me and my service, visit my Client Testimonial page.