Cameron Park Real Estate Market, November 2006
Posted by Kathy on December 2nd, 2006
Hi, it’s John and Kathy. Kathy’s learning the family business of real estate market updates, and so we’re starting with our own lovely home town of Cameron Park.
Cameron Park’s market slowed substantially from last year, with falling prices. From November to November, the average sale price dropped 10.3%, from $524,663 to $470,800. The median sale price dropped even more dramatically, down 12.1% from $475,000 to $417,500. At the same time, the average sold price per square foot dropped 12.3%. As we’ve seen in other markets, however, the ratio of list price to sold price has not changed much. Last November homes that sold fetched 99% of their list price, whereas this year homes still brought 98% of list when they sold. However, more than half the homes on the market in November expired. With 16 units selling and 18 expiring, the expiired to sold ratio was 112.5% this year, compared to 65.2% last year.
So thanks, Kathy, for sitting through this MLS / Excel Extravaganza. Once Kathy and Helen start blogging more, they may also be exploring some of the more non-technical aspects of the real estate around here.
Cheers!