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.
There are currently 27 bank owned properties (REO) in El Dorado Hills with a price range of $310,000 to $879,900 for a home in the exclusive gated area of Serrano Country Club.
There are 35 pending sales and the 46 sold listings of the last 90 days averaged only 36 days on the market with list price to sales price ratio of 97.8%. Buyers realize the properties are already priced competitively.
Folsom continues to be a bright spot in the real estate market. There is an excellent selection of homes to choose from with 261 active listings of single family homes. Prices range from a $160,000 1,000 Sq Ft home in Natoma Heights to a 5700 Sq Ft custom home in Hillcrest for $1,300,000.
There are 33 homes in Folsom priced under $300,000 indicating affordable homes are still available.
There are 89 pending sales with average days on the market at 51 which is an excellent statistic for a seller. There are 137 sold listings in the last 3 months indicating great turnover activity. Average days on the market for sold listings are 69. Average list price to sale price is holding steady at a fantastic 97.1% rate.
Why Rancho Cordova?
15 Reasons to Live, Work and Play here (taken from City of Rancho Cordova website):
1. Location, Location, Location!!!
2. Sacramento's largest employment subcenter
3. Be a part of California's newest incorporated city
4. 10 miles of American River Bike Trail and Parkway access
5. Conveniently located along the Highway 50 Corridor
6. Innovative single-family and mixed-use housing projects
7. Mather Business Park and Airport
8. Progressive, business-friendly city government
9. 3 convenient light rail stations
10. Opportunity to live and work in the same community
11. The most affordable Class A Office Rents in the region
12. Home to several Fortune 500 companies and many diverse small businesses
13. Room to grow with vacant office space and land opportunities
14. The ideal location for business-to-business sales
15. Superior education choices: UC Davis, Sacramento State, and 7 local community colleges
Two of the master planned communities are Gold River which started in 1983 and Anatolia which started building in 2005. The School District for Gold River is San Juan Unified School District and the school district for Anatolia is Elk Grove School District. Anatolia has a brand new elementary school which opened in Fall 2008.
This is a very active market! There are currently 825 active listings of single family homes in Roseville/Rocklin area. Prices range from $100,000 for a 2 bed/1 bath bank owned in Roseville to $2,900,000 for a 6,000 sq ft home in Whitney Oaks in Rocklin. There are 144 homes priced under $250,000 showing the affordability of this desirable area.
There are 269 pending sales with average days on the market of 61. There are 563 sold listings in the last 3 months indicating excellent turnover activity. 50% of the sold listings had accepted offer within the first 30 days at 99.6% of list price.
227of the sold listings were for homes priced under $300,000. Average days on the market for sold listings are very good at 56. Average list price to sale price has increased to 98%.
Visit my website, www.annaboyd.com for free MLS Search (no registration required) or call me for more information (916) 813-3534. I'm always happy to answer any questions you may have. Anna
Good bargains to be had in this area!
There are currently 134 active listings in this area ranging from a 2 bed 2100 Sq Ft home in Auburn Lake Trails (Cool) for $179,900 to a 3700 Sq Ft. home on 482 Acres in Pilot Hill for $8,800,000.
Average days on market for the 13 pending sales are 52.
There was 25 solds in the last 90 days with average days increased to 88. Average percentage of list price to actual sales price is 92.3% which indicate good deals are available in the area!
Visit my website, www.annaboyd.com for free MLS Search (no registration required) or call me for more information (916) 813-3534. I'm always to answer any questions you may have. Anna
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.
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