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.
Serrano (gated, award winning master planned community) has 127 active listings ranging in price from $409,900 for a 3/2 with 1958 SF to $3,200 ,000 for a 4 bed/6 bath home with 6900 sq ft on .82 acres. There are 22 pending sales with average days on market of 73 and 27 closed escrows in the last 90 days with average days on market of 103 and list to sales price increasing to 95.2%.
In all of El Dorado Hills there are currently 408 active listings which is an increase of 29 from last report indicating the spring influx of listings has started. Home prices range from $294,900 for a 3bed/2bath in St. Andrews Village to a $7.9 million dollar home on 40 acres located minutes north of El Dorado Hills on Salmon Falls Road.
There are 92 homes for sale priced under $500,000 and 83 homes priced over $1,000,000 indicating both affordable and luxury living is available in El Dorado Hills.
There are 71 pending sales, which equals the fine number from last report and days on the market declining once again to 65! There are 83 sold listings in the last 3 months. Average days on the market for sold listings are 92. Average list price to sale price has increased to 95.4%.
Check my website at www.annaboyd.com or call me for more information (916) 813-3534. I'm always happy to any questions you may have. Anna
Something interesting that was pointed out last week at the MLS meeting. El Dorado County may be getting their share of first time homebuyers, but many of them are buying bank owned properties. Banks don't take that money at close of escrow and buy up to the next level house, so it impacts the normal rate of move up buyers.
Once tha bank owneds are absorbed better into the market, we'll see more movement in an upward direction. First time homebuyers, buy second home. That seller then buys up also and finally we'll have some reasonable movement and pricing in this market.
Good bargains to be had in this area!
There are currently 138 active listings in this area ranging from a 2/1 Bedroom modular in Garden Valley for $164,900 to a 4000SF home built in 2005 in Cool on 40 splittable acres with barn and arena for $2,750,000. There are 29 homes priced under $300,000. There is a good inventory of active listings giving buyers a good range of properties to choose from.
Average days on market for the 18 pending sales have decreased to 101. There was 32 solds in the last 90 days with average days on market of 109. Average percentage of list price to actual sales price has decreased to 94.7%.
There are currently 175 active listings in Granite Bay which is a decrease of 22 from last month's report. Prices range from $299,000 for a 3Bed/2bath home to $7,900,000 for an 8500 sq ft home in Los Lagos.
There are 12 pending sales with average days on the market increasing to 104. There are 31 sold listings in the last 3 months. Average days on the market for sold listings have decreased to 58. Average list price to sale price has remained stable at 95.2%, but does indicate some good negotiations are possible.
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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