Placerville Real Estate Blog

Kathy here, posting my first blog of the blogathon. Helen is with me, observing. She’s already learned how to do the market research. Now she’s learning how to post her results in a blog. I did a little research on our glamorous neighbor to the west, El Dorado Hills.

So here is what we’ve learned about El Dorado Hills. The average list price for November 2005 was $704,820. This year the number has gone up 4%, making the Average list price for November 2006 $733,128. That was a surprise to us since we thought that the market was going down. But that was only the list price. Sellers, of course do not want the market to go down. The average Selling price stayed pretty close to the same as last year for the same time period. The selling price for November 2005 was $694,661. This year the number is up 1.5%, making the Average selling price for November 2006 $705,164. Interestingly enough the average list price last November is virtually the same as the average selling price this November. And the average number of days on market has risen 21.6% But the most significant figure we saw was the drop in unit sales. For November 2005 the number of houses sold was 53. This November there were only 27 sold, making a drop of 49.1%. So by raising the list price while there are fewer buyers, sellers are getting the result you would expect — fewer sales.
So there you have it folks. And tomorrow, Helen will tell you about what’s happening in Folsom