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El Dorado County Market Report - 11 Year View of Average Selling Price

El Dorado County Market Report - 11 Year View of Average Selling Price


For another insight into our local real estate here's an El Dorado County Market Report with an 11 Year View of Average Selling Price. When I first got into real estate in June 2005, I sent a similar chart out in my Christmas Cards to my sphere for a little nostalgia. Of course back then things were booming and prices were skyrocketing. That chart looked much more promising. Who would have thought those prices would come tumbling down?! Average home prices went up for another 6 months, peaking in July 2006 and then started their downward trend.

Looking at the month of December statistics, 2008 saw the biggest hit, dropping just over 22%. Since then our prices have fallen but only in the single digits with 2011 being just 5% below December 2010. The good news is that the last half of 2011 was fairly stable, going up and down slightly but having a .5% gain overall.

Chart showing El Dorado County - Average Price for Single Family Homes January 2000 thru December 2011

Foreclosures have slowed but short sales have increased. The price per square foot for short sales are slowly dropping to the foreclosure levels which, in my opinion, is due to the long closing times - 4-8 months on average and the complexity of the process itself. Overall though, I believe we have seen the worst of it and will continue to see a leveling off to even a slight increase for 2012.
If you have questions about this El Dorado County Market Report, please email me. And if you are in the market to buy or sell a home in the western part of El Dorado County, please call or email me as I would be happy to help make that happen for you!

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I am a REALTOR® in El Dorado Hills with Lyon Real Estate. Though living in El Dorado Hills is my passion, I am happy to help you with your real estate needs throughout the Sacramento Valley. For more information on me or our wonderful area visit my website at www.DeeDeeRiley.com or email me at driley@golyon.com.

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By DeeDee Riley 2012 *All Rights Reserved*El Dorado County Market Report - 11 Year View of Average Selling Price
Posted Tuesday Jan 31