BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – AUGUST 2012

By
Real Estate Agent with Heritage Oak Properties 01367027

 

BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – AUGUST 2012

 

This is the latest monthly report of our five-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA.  This report covers August 2012. For the purposes of simplification, we will use the term foreclosure from this point forward.

There were nine foreclosure homes sold in El Dorado Hills in August, up three from the previous month. All of these sales fall into the normal ranges.    

Foreclosure Home The average days on market decreased from a 24 the previous month to 18 in August.  Seven, or 78%, of the foreclosure homes sold in two weeks or less in August, a larger segment than normal.   

The nine foreclosure homes that sold represent only 9.9% of ALL homes that sold in El Dorado Hills this month, also a smaller segment than normal.  

The available inventory of foreclosure homes in El Dorado Hills dropped to a 0.2-month supply in August, an all time low for our study.  We had a .8-month supply in July.  This inventory level has only been above a two-month supply one month in the past fifteen.

The inventory for ALL homes available in El Dorado Hills dropped slightly to a 1.5-month supply in August.  We had a 1.6-month supply in July. Pundits tell us that a 6-month supply is a neutral market, so we continue to have a strong seller’s market for ALL homes in El Dorado Hills, both foreclosure and non-foreclosure. 

The average cost-per-square-foot for foreclosure homes dropped to $147, down from $ 160 in July, but still the third highest number for the past fifteen months  The average cost-per-square-foot for ALL homes sold in El Dorado Hills in August edged up one dollar to $ 159, the second highest figure in the past fifteen months.    

The overall sales price for foreclosure homes was 99.2% of the final asking price and 97.5% of the original asking price. Fifty-six percent of the buyers paid the full asking price or more in August for their foreclosure home.

When based on the cost-per-square-foot for ALL homes sold, foreclosure homebuyers paid $12 less per square foot in August. When applied to the purchase of a 2,500 square foot home, that represents a savings of $ 30,000: a tidy sum.    

If you have any questions about purchasing any home in El Dorado Hills, an El Dorado Hills foreclosure, or a foreclosure Home anywhere in the area, feel free to give us a call (916) 337-0658.  If you would like to search for foreclosure homes in your section of the greater Sacramento area, go to www.BuyYourVilla.com

Certified Distressed Property Expert Logo

The data follows:

El Dorado Hills Foreclosure Home Sales Data Aug 2012

 Originally posted at www.BuyYourVilla.com/blog

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California El Dorado County El Dorado Hills
Tags:
foreclosure data for el dorado hills ca
el dorado hills ca foreclosure home sales data

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
666,638
Christine Farkas
Keller Williams Western Realty - Bellingham, WA
Awesome Customer Service Experience

Congratulations on your listing! Best wishes on a quick and smooth sale!

Sep 10, 2012 02:15 PM #1
Rainmaker
1,176,897
John Pusa
Sellstate Pacific Realty - Glendale, CA
Your All Time Realtor With Exceptional Service

Mike - Thank you for sharing detailed quality information on bank owned foreclosure REO home sales data for El Dorado Hills, CA. August 2012.

Sep 10, 2012 04:03 PM #2
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
121,106

Mike West

El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
Don't hesitate to ask. I'm here to help!
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information