EL DORADO HILLS, CA HOME SALES DATA – SEPTEMBER 2012

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Real Estate Agent with Heritage Oak Properties 01367027

EL DORADO HILLS, CA HOME SALES DATA – SEPTEMBER 2012


The purpose of this post is to provide data to those interested in the El Dorado Hills, CA housing market. This report covers September 2012, and the fourteen previous months.

The first chart lists the cost-per-square-foot for all homes sold in El Dorado Hills by month. There is only a slight fluctuation from month to month. The June number was much higher than it has been in years but the trend is obviously up. The September 2012 number is twelve dollars higher than was the September 2011 number and the second highest it the past fifteen months.

If you would like to see all of the homes available in El Dorado Hills right now, select this link. It is a two-part process. First check the El Dorado Hills Area box part way down on the left side of the page and then scroll down and click the Search Button at the bottom of the page. All available El Dorado Hills homes will come up.

Those potential buyers who decided to remain on the fence, “until prices hit bottom” missed the boat. With interest rates below 3.5% there is not longer a reason to wait—if they can find a home to buy.



The second chart shows the level of inventory, (the number of homes for sale, divided by the number of homes sold each month). The September inventory was at a 2.1-month supply, up from the 1.4-month supply in August. It looks like more sellers are deciding to enter the market as prices increase.

However, the level of inventory in the past 15-months is much lower that than it has been historically. Pundits tell us that a six-month inventory is a neutral market. We can see that the El Dorado Hills market is, and has been for some time, a seller’s market.

Over a year ago, we posted an article warning about the pending housing shortage. We continue to stand behind that prediction. All you have to do is ask those actively looking for a home.

It is going to get worse. The demand will result in price increases and with those increases; more homeowners will put their homes on the market. Unfortunately, without any new home construction in the past five years or more, we will still be short of inventory.



The third chart shows the average days on market and the selling price as a percentage of asking price. As you can see, homes are selling faster and for a price very close to asking price. This is good news for home sellers.



If you would like to see this data for other cities and towns in our area, feel free to contact us at (916)337-0658 or e-mail Mike@BuyYourVilla.com.
To use the very best Internet property search tool go to www.BuyYourVilla.com.
Originally posted at www.BuyYourVilla.com/blog

EL DORADO HILLS, CA HOME SALES DATA – SEPTEMBER 2012

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Rainmaker
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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Mike, always enjoy viewing information on other communities....thanks for sharing with us.

October 22, 2012 12:31 PM #1
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena Real Estate Representation 818.516.4393

Hi Mike -- we can always learn something by reviewing reports and updates outside our market area.  It looks as if you use Rappatoni also.   

October 27, 2012 12:55 PM #2
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Mike West

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