Placerville, CA November 2009 Market Conditions Report

Placerville area offers affordable residential living with 71 active listings. Prices range from $144,500 for a 1 bed/1 bath to highest list price of $875,000 for a 5,000 Sq Ft home on .68 acres. Of these listings 13 are short sales and 7 Bank owned (REO).

There are 21 pending sales with average days on the market of 59 which is a good average for an in town seller in Placerville.

There were 53 sold listings in the last 3 months -with average days on the market decreasing to 51 as listings are becoming scarcer. List to sales price has increased to 97.5%.

The rural areas surrounding Placerville include the areas of Greenstone, El Dorado, Diamond Springs, Pleasant Valley, Somerset, Fairplay, Mt. Aukum, and Grizzly Flats. The active listings on acreage are 224 - which is a small decrease from last report. This gives buyers many properties to choose from. Homes range in price from a $120,000 for a 2 bed/1 bath outside of Placerville on 1 acre to a 5 bed/7 bath - 4 homes on 115 acres historical working horse ranch for $7,700,000.

There are 36 pending sales with average days on market of 107. There are 76 sold listings in the last 90 days with average days on the market of 96. List price to sales price has increased to 96.1%.