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    • El Dorado County Real Estate Market Update
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El Dorado County Real Estate Market Update

Posted by John Lockwood on July 14th, 2008

As we reported in June, compared to our neighbors in Placer County and Sacramento County, El Dorado County has been experiencing more moderate drops in prices each year, with relatively fewer foreclosures.    Thus, while the average sold price per square foot fell Sacramento County fell 33.4% from June to June in Sacramento County, and 23.5% in Placer County, the decline during the same time in El Dorado County was 16.8%.

In June of 2008, the average home sold for $462,500 in El Dorado County, down 15.1% from June of 2007’s average sale price of $544,786. 

Foreclosures and REOs made up 43.4% of the total sales volume in June in El Dorado County (compare that figure to 53.3% in Placer County and 75.1% in Sacramento County).  Of course, though this number compares favorably to neighboring counties, it is still quite high when you compare it to the same time last year, when short sales and foreclosures made up only 8% of all sales in the county.

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Unfortunately, the widening gap between what you can buy in Placer and Sacramento Counties on the one hand and El Dorado County on the other has not done much to help turn around El Dorado County’s unit sales — and indeed, this year we sold 3.4% fewer homes in El Dorado County than last year, and we currently have over 12 months of unsold inventory.  Sacramento County, conversely, has been enjoying a unit volume renaissance, with 86.2% more homes sold this year than last year.

The statistics for El Dorado County are below.

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Units Sold June, 2007 June, 2008 Change
Foreclosures Sold 8 61 662.5%
(% of total units) 4.6% 36.3%  
Short Sales Sold 6 12 苹果手机shadowsock
shadowsock 安卓apk 3.4% 7.1%  
苹果手机安装shadowsock 160 95 -40.6%
(% of total units) 92.0% 56.5%  
Total 174 168 -3.4%

Price Data

手机shadowsock教程 June, 2007 June, 2008 shadowsock苹果手机版
Sold Price / Square Foot $233.88 $194.55 -16.8%
Average List Price $566,637 $483,173 shadowsock手机端
Average Sale Price shadowsock苹果手机版 $462,500 -15.1%

Inventory (Based on 12 months of prior sales)

Sale Type Average Sales Per Month Active Months of Inventory
All Sales 126 1626 12.8
Foreclosures 29 156 5.4
Short Sales 6 215 苹果手机安装shadowsock
Nondistressed 87 1258 14.3

Inventory (Based on 6 months of prior sales)

Sale Type 苹果手机安装shadowsock Active Months of Inventory
All Sales 121 1626 13.3
Foreclosures 39 156 3.9
Short Sales 9 215 22.2
Nondistressed 72 1258 17.3

Posted in El Dorado County, Real Estate Market |

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Posted by John Lockwood on June 13th, 2008

The Houssee Award is an award for the best real estate content every week.  As much as possible, we try to pick the awards from the stories that received the most natural votes and comments from other shadowsock手机版 users during the week (though sometimes in the case of ties or categories with no votes, we have to punt and the host has to pick a winner).

Congratulations to everyone who won and thank you to everyone who participated!  Winners, feel free to pick out a shirt in your size — wear it proudly under your gold Century 21 jacket.

The top vote-getter this week in the General category was Brian Block’s amusing video of the Desperate Realtor®.  Some of you may not know whether to laugh or cry when you see this one.  I was reminded of the two agents who knew one another back in the bad old days of 14% interest rates.  One of them came in grinning from ear to ear one day, and the other one asked why he was so happy. 

"I had two sales this week!", said the happy one.

"Really, that’s great", said his jealous colleague.

"That’s right", said the first, "my television and my car."

The Market Updates category was an eight-way tie, so we’ll single out two for special because they went beyond the usual recital of data (which is admittedly a staple of my own blog).  Michael Saunders’ Sarasota Real Estate Market Perks Up (with the catchy subtitle "Looking Down From Where We Used To Look Up From"), chronicles the Sarasota details behind a phenomenon that’s happing in many areas — as prices have fallen, unit sales have started to pick up.  Another winner in this category was the short but sweet look at how a single strong employer will help stimulate her local market in Christina Asad Edwards’ Economy Booster.

Hey investment writers — no new posts this week.  Could you have won easily?  You bet.

Melina Thompson’s I Think I’ll Wait for the Half Off Sale takes top honors in the Real Estate Marketing category.  Buy one house get one free?  Why not!

Listing Announcements — the category you didn’t vote for — was tied between a lot of listings, but since this week’s entries were all featured courtesy of shadowsock 安卓apk, we’ll declare the blog the winner this week and let you go over there and check them out.  Hey look:  Bill plugged Houssee, too.  I just saw that while linking over.  Thanks, Bill!

The vote winner in the Mortgage category was Peter Thompson for his article FHA Is the New Conventional.  Although on the one hand Pete shows how FHA ended up filling the gap formerly served by conventional financing (instead of sub-prime as predicted), this article is also an excellent overview of many of the feature differences between FHA and conventional financing.

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Who will win a Houssee next week?  It’s up to you to let us know by submitting and voting for your favorite real estate articles.  Remember, Houssee winners are as much as possible based on natural votes, so please be aware of our spam policy, but other than that, come on by and dive in!

Are you interested in hosting a Houssee award on your blog?  If so, stay tuned to our Houssee Blog, where we’ll have instructions coming soon.

Posted in Miscellaneous |

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Posted by John Lockwood on June 11th, 2008

Over on my Sacramento Blog, I’ve been discussing how Sacramento County real estate sales are starting to heat up in a big way, fueled by high foreclosure rates and huge year-on-year price reductions.  I believe that we’ll see prices start to improve in Sacramento County as early as next year, as fewer option ARM resets hit the books (though depending on how you slice and dice those numbers, that may be an overly optimistic assessment). 

In El Dorado County, the story is a different one in several respects:

  • The overall conveyancing fee of homes is higher.
  • There are fewer foreclosures and short sales available, though still many more in this market than in previous years.
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  • Because of the factors above, fewer first time buyers are entering the market and competing for homes.

The upshot is that while Sacramento County’s unit volume has soared 64.2% from May to May, in El Dorado County unit volume went down slightly, from 151 units in May of 2007 to 146 units in May of 2006.

This May’s average home sold for $429,434 in El Dorado County, down 20.3% from last May’s average of $538,590.  The median price has fallen 20% during the same period, from $488,000 to $390,500.  Sold price per square foot dropped 21.4%, from $242.61 in May of 2007 to $190.77 in May of 2008.

This year short sales and bank foreclosures made up 35.6% of the total sales, compared to 13.2% last year.  Short sales accounted for 7.5% of the total, and REOs made up 28.1%.  There are currently 12.4 months of inventory in El Dorado County.  The expired to sold ratio is up slightly this year — at 54.1% compared to 48% last year.  The average discount from list price for a sold home was 3.6%, compared to 4% last year.

Posted in El Dorado County, Real Estate Market |

2701 Sandhurst Drive, Cameron Park, CA

Posted by John Lockwood on June 5th, 2008

Vicki Agregado-Babcock just listed this beautiful home in her own neighborhood of Deertrail Estates. I had the pleasure of touring this home and taking pictures earlier this week, and this is one of the best we’ve seen in some time.

2701 Sandhurst Drive, Cameron Park, CA

Main Photo

shadowsock手机版下载Deertrail Estates

Wanted: bright, open floor plan. Competitively priced, yet not a short sale or foreclosure. Immaculately remodeled within the last few years. A big, shady, corner lot with a big back yard. All this in a fantastic location with great schools. Stop looking, we found it for you, and it would be an honor to show it to you. Or call your agent and get her to show you this before it’s gone.

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Contact Information
Logo

My Pic

Vicki Agregado-Babcock
(530) 409-1100
Contact Reply Form

Forward to a Friend
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Property Location
2701 Sandhurst Drive
Cameron Park, CA 95682
View Map

Features
Bedrooms: 3
Bathrooms: 2
Parking: shadowsock安卓版设置
Year Built: 1987
Subdivision: Deertrail Estates
Lot Size: .253
Garage Size: shadowsock 安卓apk
School District: Rescue Union / El Dorado Union
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Agent Name: Vicki Agregado-Babcock
Broker: Elite Properties
MLS #: shadowsock手机版

Attributes
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Range/Oven
Dishwasher
Sink Disposal
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Interior Amenities
Security System

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Fenced Yard
Trek deck

Photo Gallery
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Posted in Cameron Park, El Dorado County, Featured Listings |

Open House Sunday in Cameron Park

Posted by John Lockwood on May 15th, 2008

Vicki Agregado-Babcock is holding her beautiful listing at 3262 Sandhurst Court open on Sunday, May 18th, from 1PM to 4PM

Come check out this lovely home — I got a chance to preview it this past week and it’s definitely a keeper!

For more information about this lovely home, check out the following links:

  • 3262 Sandhurst Court Web Site (with photo gallery)
  • shadowsock手机版 
  • 安卓手机shadowsock教程
  • Schedule a Showing


Location Information
安卓手机shadowsock教程 El Dorado MLS Area: shadowsock手机版
Cross Street: 安卓手机shadowsock教程 Census Tract: 0
shadowsock苹果手机版 Cul-De-Sac, Snow Line Below Subdivision: Deer Trail Estates
Directions: Hwy 50, North on Cambridge Rd. go aprox. 2 miles. Turn left left on Sandhurst Dr.(across from entrance to Cameron Park Lake. Left on Sanhurst Ct to end. Map: Thomas Bros. (PL, SA), 263 C-4


Interior Features
Master Bedroom Description: Closet, Ground Floor Master Bathroom Description: Closet, Remodeled/Updated, Shower Stall(s)
手机shadowsock教程 Tub w/Shower Over Dining Room Description: Breakfast Nook, Dining/Living Combo
Kitchen Description: Counter Granite, Kitchen/Family Combo, Pantry Closet, Remodeled/Updated Has Fireplace: No
Number of Fireplaces: 0 Heating: Central, Propane, Other-Attch
Cooling: Central Floors: Carpet, Tile, Wood
Laundry: 220 Volt Hook-Up, Cabinets, Inside Room Additional Equipment: Cable TV Installed, DSL Possible, Window Furnishings
shadowsock手机版 Dishwasher, Disposal, Ice Maker Plumbed, Microwave B/I, Oven Elec F/S


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Style: shadowsock 安卓apk shadowsock安卓版设置 1 Story
Construction: Frame, Wood Builder: Peterson
Exterior: Wood shadowsock手机版 苹果手机shadowsock
Roof: Comp Shingle Water / Sewer: In & Connected
shadowsock苹果手机版 Public District Utilities: 220 Volts, All Public, Propane, Underground
安卓手机shadowsock教程 Smoke Detector Parking Description: 2 Car Attached
Has Garage: Yes 苹果手机安装shadowsock Sprinkler Auto F&R, Sprinkler Auto Rear
Has a Pool: No Is Short Sale: No
Is a Horse Property: No Exposure Faces: North
Topography: Lot Grade Varies, Lot Sloped, View Local, View Special Elevation: 1300
Lot Size in Acres: 0.23 Lot Size in Sq. Ft.: shadowsock 安卓apk
Dimensions: 0 Zoning: res
Energy Features: Ceiling Fan(s), Dual Pane Full, Skylight shadowsock苹果手机版 None
Road Description: Paved, Public Maintained Space Rent: 0


School
Elementary School: Rescue Union Jr. High School: Rescue Union
High School: El Dorado Union High


Additional Information
Property Type: SFR Property SubType: 1 House on Lot
Property SubType 2: 苹果手机安装shadowsock Year Built: 1988
APN: 116-482-08-10 Status: 手机shadowsock教程
Other Structures: Tool Shed HOA Dues: 0

Posted in Cameron Park, El Dorado County |

Pollock Pines Real Estate

Posted by John Lockwood on April 29th, 2008

Like most local areas, the real estate prices in Pollock Pines declined sharply over the last year. The average home sold in first quarter of 2008 for $255,519, down 32.1% from last year’s average of $376,310.  Part of this decline in price was simply a result of this year’s average home being 12.4% smaller than last year’s.  Still, in the first quarter of 2008, the average home sold for approximately 22.5% less on a sold price per square foot basis than in the first quarter of 2007.  The median sale price fell 25.8% during this time, from $325,000 in first quarter of 2007 to $241,000 in the first quarter of 2008.

Pollock Pines sales a traditionally sluggish in the first quarter, since this is the time this area is still seeing some snowfall.  An average of 12 units per month have sold over the course of the last year, with only twenty-six selling in the first quarter (8 2/3 per month).  However, this year’s unit volume compares favorably to the same time last year, when twenty-four homes sold in the first quarter.

Interestingly, in both the first quarter of 2007 as well as first quarter of 2008, the expired to sold ratio was 100% — i.e., as many listings expired and sold in both periods.

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Posted in El Dorado County, Pollock Pines, 苹果手机安装shadowsock |

El Dorado Hills Real Estate Market

Posted by John Lockwood on April 21st, 2008

The real estate market in El Dorado Hills is behaving like a typical "luxury" market in the Greater Sacramento area this year.  That is to say, compared to nearby areas:

  • It lost some of its value, but less than in other areas.
  • It has a lower overall percentage of distressed sales, though more than last year.
  • Although prices are not off by that much compared to other areas, unit volume is down dramatically.

Let’s look at some specifics.

In the first quarter of 2008, the average home sold in El Dorado Hills for $592,958, down 11.3% from last year’s average price of $668,752.  The average for sold price per square foot fell 11.8%, from $230.92 in 2007 to $214.72 in 2008.  At $499,500, this year’s median price was down 18.4% from last year’s median sale price of $612,500.

Distressed sales make up 24% of active inventory, and 38.6% of sales in the first quarter. 8.3% of the 408 currently available homes in El Dorado County are bank foreclosures, a category that accounted for 28.4% of sales in the first quarter.  Short sales make up 15.7% of active inventory, and accounted for 10.2% of the sales in the first quarter.

Posted in El Dorado County, El Dorado Hills, 苹果手机安装shadowsock |

Placerville Real Estate Market

Posted by John Lockwood on April 9th, 2008

This year the most outstanding feature of the Placerville market is the extent to which things simply aren’t moving compared to last year.  Unit volume is down by more than half.  In the first quarter of 2007, 66 units sold in what we can call "greater Placerville" (i.e., the 95667 zip code, which is quite a bit larger than the city limits).

The average home sold in Placerville in the first quarter for $413,636, 4.3% more than last year’s average of $396,453.  This year saw a bigger crop of homes selling, however, with the net result that sold price per square foot is down 17.2% from last year.  This year’s median price of $355,000 is down 5.8% from last year’s median of $377,000.

As in most areas in El Dorado County, foreclosures played less of a role than they do in Sacramento County.  Four of the 29 homes that sold in the first quarter were short sales, and four were foreclosures, so the percentages in each case were 13.8%.

A corollary of the slow sales in the first quarter was that a number of listings expired.  As a result, the expired to sold ratio changed very dramatically from year to year, from 30.3% in 2007 to 169% in 2008.  As you might also expect, inventory is high at 12.1 months.

Posted in El Dorado County, Placerville, Real Estate Market |

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Posted by John Lockwood on November 9th, 2007

Today I noticed (just in time, too!) that this blog has turned one year old, when I happened across our kickoff post. Bridget and I started the blog on November 9th, and a week later, Bridget officially signed on with Elite Properties. Or more precisely, John Lockwood Associates hired Bridget with the understanding with Bridget and with her former broker that she could continue to use the name Elite Properties.

We did trail off a bit in the writing at some point, as I moved on to other projects and Bridget decided that being serially verbose was not for her. However, I think we’ve managed to make the blog a fairly credible resource, especially for Amador County, which has no other similar site that I know of. Lately we’ve gotten a huge help from Purva Brown, who is doing a great job of helping me beat back the tremendous onslaught of blogs that I keep putting up. This will be post 135 — not a bad year’s work for a side project!

To me the site is special because its beginning also serves to mark the real beginning for my brokerage, even though on paper it started in July of 2006.

Posted in Amador County, Miscellaneous |

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Posted by John Lockwood on November 8th, 2007

Those of you that are homebrewers (called Zymurgy, go figure!) should consider coming to the HAZE club meeting at the Wine Smith in downtown Placerville tonight at 7 p.m.

HAZE stands for Hangtown Association of Zymurgy Enthusiasts and although zymurgy covers fermentation of wine as well as beer, this is a beer maker’s meeting.

This will be my first meeting. I’m going along with my husband who is one of those zymurgists. You can visit the HAZE club website here. Apparently, they taste (TASTE, not drink) homebrews and discuss recipes and share secrets to make better beer.

Posted in Amador County, El Dorado County |

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