About El Dorado County, CA

An inexpensive way to start helping to save your environment, locally-

buy CFL's "Compact Flourescent Light" Bulbs. They use 75% less energy than incandescent bulbs, and last 6-10 times longer. You'll save energy and mney and contribute to global climate change. Prtoect the environment of today, and tomorrow-by changing a light!

For any and all Real Estate information you may need for the El Dorado Hills, or El Dorado County-choose to call your neighborhood specialist-Wendi-Mae Davis, CRS, GRI, Broker Associate Connect Realty, Real Estate counselor. 22 years of full time service to the Community Toll Free 866-333-6333 Personal website

HTTP://www.wendimae.com or on the community website at HTTP://www.mycameronpark.com or please feel free to email her at wendimae@wendimae.com She looks forward to the opportunity of assisting you in your quest!

An inexpensive way to start helping to save your environment, locally-

buy CFL's "Compact Flourescent Light" Bulbs. They use 75% less energy than incandescent bulbs, and last 6-10 times longer. You'll save energy and mney and contribute to global climate change. Prtoect the environment of today, and tomorrow-by changing a light!

For any and all Real Estate information you may need for the El Dorado Hills, or El Dorado County-choose to call your neighborhood specialist-Wendi-Mae Davis, CRS, GRI, Broker Associate Connect Realty, Real Estate counselor. 22 years of full time service to the Community Toll Free 866-333-6333 Personal website

HTTP://www.wendimae.com or email her at wendimae@wendimae.com She looks forward to the opportunity of assisting you in your quest!

We have shown that you don't have to leave Cameron Park-to get what it is that you need-adding to that truth-We Now have a Center for Functional and Intregrative Medicine.

Natural Therapies and Treatments:

TCM & Acupuncture, Hypertenstion & Diabetes, High Cholesterol,Hormone Balancing, Autoimmune Diseases, Food Sensitivities/Allergies, Management of Chronic Disease, Stress and Anxiety, Metabolic Syndrome/Obesity, Thyroid and Adrenal Dysfunction, Chronic Fatigue/Fibromyalgia, Lifestyle and Prevention.

Mark Holthouse, M.D. is Board Certified in Family and Alternative Medicine

Marc Fierro, L.Ac., PA-C is Acupuncturist

Susan Caffery, FNP

Cindy Swan is Lifestyle Coach

Located at: 3104 Ponte Morino Drive, Ste. 110

Cameon Park, CA 95682

530-676-1003

www.cfim1.com

For any and all information on Cameron Park-Wendi-Mae is your neighborhood specialist. Check out her community website at HTTP://www.cameronpark.com or her personal website at HTTP://www.wendimae.com She can also be reached Toll Free 866-333-6333 or via email at wendimae@wendimae.com

The "New and Improved" Home Buyer Tax Credit has arrived: This time around, the gift from the government is broader, easier to qualify for and is extended to current/repeat home owners. If you are thinking of buying a home, and would like some free money, here is what you need to know: Current Home Owners - $6,500 Tax Credit: If you have owned and lived in a home for at least five consecutive years during any of the last eight years, you could qualify. Even if you sold your home 2 ½ years ago, as long as you were living in that home for five straight years, prior to the sale, you could qualify. You could have sold the home or rented it out, does not matter, as the use of the home after you moved out does not matter. First Time Home Buyers - $8,000 Tax Credit: If you have not owned a home during the past three years, by definition, you are a First Time Home Buyer. Buy a home and you may be eligible for the cash! Fine-print: You must buy a home, or have a binding contract in place by 4/30/2010, you must be over 18 years old, you cannot purchase from a relative and you must stay in the home for three years, or pay the money back. There are other details and income limits, so contact me if you would like to learn more. Speculation is, the breadth of this program will put a bottom in housing.

Home of the Month: I am selling 120 Winterstein Drive in Folsom. 1,472 square feet, 3 beds, 2 full baths, 3-car garage on almost .18 acre lot. This home is a short-sale and will be an amazing deal for the right buyer. Asking $264,000. Call me for details or an appt!

Regional Snapshot: The attempt at a housing recovery in the Sacramento Region continues to bounce along what my well be the bottom. The average home price rose for the 7th consecutive month, with that number having risen 10% since bottoming in March of 2009. Year-over-year (10/08-10/09), the total number of home sales dropped 18%, bank owned home sales dropped 53% and short sales rose by 66%. One of the biggest keys to our region's recovery is happening... More and more short sales are closing escrow!

El Dorado Hills: The impact of the original First Time Home Buyer Program's expiration was felt in October. Buyers rushed to get into homes, while sellers fretted about getting their homes sold before the November 30th expiration date of the original program. Good news: The number of sales rose to 55, a 17% year-over-year increase. However, with "First Timers" doing much of the buying, the average sales price ($454k) and dollars per sq. foot ($156), both dropped to levels not seen since before the housing boom began. One bright spot was a 160% increase in closed short sales.

El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR OCTOBER 2009

This is a continuation of my monthly report on Bank Owned home sales for El Dorado Hills, CA. This report covers REO homes sold in October of 2009, the latest in my study of over two years.

There were 22 REO homes sold in October, up from 14 in September. The average days-on-market jumped to 43, up from the record low of eleven days in September. There were three homes that sold in October that had been on the market for 249, 127 and 108 days respectively, which had an effect on this statistic. Of the REO homes sold, 31.9% were on the market for two weeks or less.

The 22 homes sold represent 40% of all homes sold in El Dorado Hills.

Bank owned and Short Sales represent a majority of the home sales in today's market.

The cost per square foot of REO homes in October decreased to $ 149, down from $ 158 in September. The cost per square foot of all homes sold in October dropped twelve dollars, to $ 156.

The difference between the cost per square foot of REO properties and the cost per square foot of all properties sold indicates that REO sales represented a 4.4% savings for REO buyers.

The overall sales price for REO homes was 101.9% of the final asking price. Only 36.4% of the REO homes that sold did so for less than the asking price.

At this writing there are 321 homes on the market in El Dorado hills, representing a 5.8 month inventory. We have edged into a seller's market.

The actual, measurable savings is the difference in cost per square foot between REO homes sold and the cost per square foot of all homes sold: in October, seven dollars per square foot. That is a $ 17,500 savings on a 2500 square foot home, still a tidy sum.

THe data follows: