Amador County, CA. Real Estate Market Report for November 1, 2009

Inventory is slightly down…

 Today, November 1, 2009 the Amador County Association of REALTORS® MLS shows a total of 394 active residential listings in Amador County, down 32 from last month.

These listings have a $ 361,509.00 average listing price, up over a thousand dollars from last month’s average. Maybe we are seeing prices stabilizing a bit...

The average number of days on market for these listings is 213 days, up 19 days, from October first’s 194 day average. This could be due to the rush for that $8,000 tax credit.

In the last month Amador County has had 48 new listings and 39 listings have sold.

Today the lowest priced listing is a 960 square foot manufactured home on a large .30 acre lot in Meadow Pines (Pioneer) It has 2 bedrooms and 2 baths, new carpet, vinyl, paint, and fixtures and even a pellet stove in the living room. This home is listed at $28,000 without the land. Space rent is $490 per month. Water is $34.96 per month Septic is $18.50 per month. This park DOES include children.

The highest priced listing is a big operating vineyard on over 137 acres in “The Valley.” It is offered for $5.1 million.

This month the same three new houses in Castle Oaks, Ione are in a tie for the median priced listing. These houses are listed as “green” as they are new homes and built to Title 24 code. They are each offered at $ 269,990.

At the rate of sales last month, it would take about 10 months to deplete the current Amador County Real Estate inventory. This is often looked at to decide basic market trends. This number is down from last month’s 15 month’s inventory. Showing a good trend that the market might actually be recovering, a little… But we still have a long way to go.

The National Association of Realtors sometimes defines a market with over six months of inventory as a “buyers market”. Up here in the foothills inventory is often somewhat slower to move. Nonetheless, with almost a year of inventory, buyers that are ready, willing, and able, should have their pick.
Amador County Real Estate awaits you.

P.S. The turkey is no reference to any real estate, just November!

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This information is deemed reliable but you should always confirm.