Amador County Real Estate Price Averages - 2003 to 2006
Posted by John Lockwood on February 17th, 2007
Today before going out with the family to have some fun and get some new tires put on the Honda so I can continue to drive buyers around in safety, I did some work on a spreadsheet covering the last three years of Amador County real estate prices. I’ve been wanting to do that for several different areas, since I knew that once I’d done it I could get a pretty good idea of when the market started to turn in Amador County. Also, lazy writer that I am, I knew I could probably mine such a spreadsheet for at least three to four articles immediately, and many more over the course of time.
The first thing I thought I’d publish that you might enjoy are the curves showing the average sold price and average sold price per square foot. Here they are:
To me, what stands out here is not that we have a curve upwards and a downward trend — it’s pretty much old news that Amador County like everywhere else is in something of a buyer’s market. Instead, what strikes me about the situation in Amador County is that the downtrend happened some six to twelve months later than it did in Sacramento County. I’ve done smaller charts of the same kind for Sacramento, and the market peak there can be dated to about July / August of 2005. In Amador County, in contrast, the market reached its zenith sometime between about January and May of 2006.
I have a couple of suspicions as to why that is, but I think I’ll keep them to myself since at this point they’re on the order of wild-eyed guesses.