El Dorado Hills - Homes & News - DeeDee Riley Realtor: El Dorado County Market Report - Back to 2001 Prices

El Dorado County Market Report - Back to 2001 Prices

 El Dorado County Market Report - Back to 2001 Prices

 
The following graphs take a 10 year look at the price per square foot and the residential resale inventory for the El Dorado County Market and the Sacramento Country Market. For El Dorado County you can see we are basically back to 2001 prices.

In January 2001 the price per square foot average for residential sales was $133. For December 2011, the price per square foot average was $134.
 

 Graph showing Price per square foot and inventory for El Dorado County over last 10 years.

 


In January 2001, Sacramento County residential properties were selling at $111 per square foot; and in December 2011, they were selling at the average square foot price of $109. 

 

Graph showing price per square foot and inventory for Sacramento County for the last 10 years.

Inventory in both counties are up slightly from where they were in 2001 but down significantly from the peak months in 2007.

 
With inventory down, we are starting to see our prices inch up. I believe as we progress into 2012, we will continue to see an upward trend. Buyers are out and ready to buy. Investors are out there again buying either to rent or to flip (fix them up and resell).

 

If you've been waiting to buy, the time is now! The El Dorado County Market is back to 2001 prices! 


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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 www.DeeDeeRiley.com or email me at driley@golyon.com

 

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By DeeDee Riley 2012 *All Rights Reserved*El Dorado County Market Report - Back to 2001 Prices 

 

 

Comments

Looks like some great deals. I am expanding towards that area and will have to get a pulse on the market. Thanks for the blog.
Posted by Shannon Coe:916-960-4741 Lincoln, Rocklin, Loomis, Roseville (Keller Williams: Northern Ca.) 4 months ago

Hi DeeDee, Did I misunderstand, I did not see any graph as mentioned in your post.

Posted by Kwee Huset® Venice Florida Homes For Sale (Kwee Huset Realty) 4 months ago

That's good news DeeDee. This would be the best time indeed due to that perfect price. It's all going to be worth it for sure. Those are going to be very worthy investments.

Posted by Nestor & Katerina Gasset Realtors® Wellington Florida Homes For Sale (International Properties and Investments LLC) 4 months ago

It's great to see that things are starting to climb back into the plus side DeeDee. Good news.

Posted by Tom Arstingstall - Dry Rot, Water Damage General Contractor in Sacramento (Dry Rot and Water Damage www.tromlerconstruction.com ) 4 months ago

Sharon,

You're welcome. Thank you for your comment@

Posted by DeeDee Riley El Dorado Hills Realtor (916)225-2719 (Lyon Real Estate - El Dorado Hills CA) 4 months ago

Hi Kwee,

Thanks for the heads up.  I could see it from Google Chrome but not from Internet Explorer.  Should be able to see the graphs on both now.

 

Posted by DeeDee Riley El Dorado Hills Realtor (916)225-2719 (Lyon Real Estate - El Dorado Hills CA) 4 months ago

I'm with you Katerina.  Just wish I had some money to get in on some of these investments.  We unfortunately bought on the high end and have everything tied up in our one house right now. Thanks so much for your comment!

Posted by DeeDee Riley El Dorado Hills Realtor (916)225-2719 (Lyon Real Estate - El Dorado Hills CA) 4 months ago

Hi Tom,

In El Dorado County we've not dipped below the 2001 prices yet where all the other counties in our region have.  We're very fortunate to live here!!!  Thanks so much for your comment!

 

Posted by DeeDee Riley El Dorado Hills Realtor (916)225-2719 (Lyon Real Estate - El Dorado Hills CA) 4 months ago

Great market report Dee Dee and I can see perfectly in IE~ ;)

Posted by LAUREN SELINSKY PEREZ - CEO REO SPECIALIST - Orange County & L.A. (CA Coastal Estates- Monarch Bay Real Estate) 4 months ago

Interesting market report DeeDee.  I didn't realize we were back to 2001 levels.  In order for values to creep upwards, the appraisers will have to get on board with that.  They've been so conservative recently, it's hard to say if they will apply adjustments for increasing values.  Hopefully so.

Posted by Doug Bullwinkel NMLS #281609 (Vitek Mortgage Group) 4 months ago

DeeDee--We are thousands of miles away and seeing the same thing in Minnesota...though not in the same price ranges. Hopefully a sign of good things for 2012.

Posted by Teri Eckholm, REALTOR® Anoka&Washington Counties Acreage & Lakeshore Homes (REMAX Specialists) 4 months ago

DeeDee - Another great, local real estate market report.  You've given both buyers and sellers a lot of good historical information to use.  Nicely done!

Posted by Laura Allen, Lake Tahoe Homes, Property for Sale. www.TahoeLauraLuxuryHomes.com (Coldwell Banker, Tahoe City, CA (530) 414-1260) 4 months ago

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