There are 110 active listings of residential properties under 1 acre in Cameron Park, Shingle Springs and Rescue areas. There are 42 properties priced under $300,000.
There are 15 short sale properties available and 7 REO's (bank owned). Prices range from $199,900 for a 3bed/2 bath to $917,000 for a 5 Bed/4 Bath 3,841 Sq Ft home in Hacienda de Estrellas on ¾ Acre.
The 42 pending sales have average days on the market of 70. There were 72 sold listings in the last 90 days decreasing to 74 days on the market. Comparison of list price to sales price is stable at 97.1%.
There are 122 listings of rural properties which include homes in Shingle Springs, Rescue, Lotus/Luneman and Latrobe areas also. This segment of the market has the most price range difference going from a low of $198,000 for a 2bed/2 bath on 1 acre to highest priced property at $1,900,000 for a 6200 sq ft home on 10 acres in Shingle Springs.
Average days on the market for the current 19 pending sales have decreased to 46. Average days for the 26 sold listings in the last 3 months is stable at 99. List price to sales price ratio has decreased 96.2%.
There is still a good selection of homes to choose from with 205 active listings of single family homes, but the numbers are dropping every month. Prices range from a $199,900 3 bed/2 bath home to a 5200 Sq Ft custom home in American River Canyon North for $2,500,000.
There are 45 short sales and 25 REO (bank owned) properties for sale. There are 91 homes in Folsom priced under $400,000 indicating affordable homes are still available.
There are 94 pending sales with average days on the market at 60. There are 176 sold listings in the last 3 months indicating great turnover activity. Average days on the market for sold listings are 53. Average list price to sale price is increasing to a fantastic 98.2% rate.
El Dorado Hills has 345 active listings. Of the active listings there are 57 short sales and 21 bank owned properties for sale. Home prices range from $199,900 for a 3 bed/2 bath to a newer 6900 sq ft home in Serrano priced at $2,995,000.
There are 75 homes for sale priced under $400,000 and 54 homes priced over $1,000,000 indicating both affordable and luxury living is available in El Dorado Hills.
There are 75 pending sales with average days on the market of 56. There are 158 sold listings in the last 3 months with average days on the market of 62. Average list price to sale price is stable at 97%.
Gold River prices seem to be holding their own.
There were 12 bank owned sales in 2009. 7 of the 12 were in Gold River Station. Average days on market for these REO's was 24. List price to sales price averaged 99.56%. Seven of the 12 REO's sold at or above list price.
I found stats on the sale of one home sold in Gold River interesting. It was short sale for 89 days. Went short sale contingent 2 separate times. Last list price was $323k. Bank took it back and listed it for $339,900 and It sold in 15 days for over list price.
After many of the big lenders were given bail out money to keep them from failing so that there would be good supply of money to lend, many lenders are tightening up their rules even further.
Sometimes it's like pulling teeth to get a loan.
And don't even bring up anything over $580,000 if there isn't 20-30% down. There is no private mortgage market for loan amounts over $580,000 - so buyers who want to put down 10-15% and have fantastic credit, still can't get a loan.
The first time home buyers are taking the banks foreclosures and short sales off their hands - but this doesn't produce move up buyers.
So, the banks are taken care of, but what about the rest of the public? Where's help for the good credit risks who don't want to pillage their IRA's to make the down 25% instead of 10% - but can afford the payments with the 10% down?
Anna Boyd - Re/Max Gold
El Dorado, Placer, Sacramento
Ph: 916-813-3534
Lic. # 01043604
anna@annaboyd.com
Experienced, Professional, Caring Service For All Of Your Real Estate Needs in El Dorado, Sacramento & Placer Counties in California. Visit: annaboyd.com for up to the minute real estate listings.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
