El Dorado Hills April 2008 Market Report

If you've wanted to live in El Dorado Hills due to its excellent location, terrain, schools - this is about as close to the best time to buy the home you've been dreaming about. There is still great inventory, but will they be affordable a year from now? Right now there is still choice, and excellent deals to be made. But the lowest priced homes are being gobbled up.

Serrano (gated, award winning master planned community) has 127 active listings ranging in price from $409,900 for a 3/2 with 1958 SF to $3,200 ,000 for a 4 bed/6 bath home with 6900 sq ft on .82 acres. There are 22 pending sales with average days on market of 73 and 27 closed escrows in the last 90 days with average days on market of 103 and list to sales price increasing to 95.2%.

In all of El Dorado Hills there are currently 408 active listings which is an increase of 29 from last report indicating the spring influx of listings has started. Home prices range from $294,900 for a 3bed/2bath in St. Andrews Village to a $7.9 million dollar home on 40 acres located minutes north of El Dorado Hills on Salmon Falls Road.

There are 92 homes for sale priced under $500,000 and 83 homes priced over $1,000,000 indicating both affordable and luxury living is available in El Dorado Hills.

There are 71 pending sales, which equals the fine number from last report and days on the market declining once again to 65! There are 83 sold listings in the last 3 months. Average days on the market for sold listings are 92. Average list price to sale price has increased to 95.4%.

Check my website at www.annaboyd.com or call me for more information (916) 813-3534. I'm always happy to any questions you may have. Anna