Placerville Real Estate Blog

Amador County’s numbers for April are a study in contradiction.  Some of the numbers show us clearly in the midst of a clear buyer’s market, while others are little changed from last year.  Of course, maybe this is not that surprising, since we were in a buyer’s market last year as well.

Forty-three residential units sold in Amador County in April, down 10% from last year’s 48 units.  The average home sold for $347,489 in April, down less than 1 per cent from last year’s average of $349,883.  Sold price per square foot only dropped 3.7%, while the median price of $329,000 was only down 1.8% from last year’s median of $335,000.

So far so good, I suppose, but at the same time, the average time a home spent on the market before selling rose 41.7%, from 127 days last year, to 180 days on average this April.  Looking at average monthly sales of Amador County homes for the past year and comparing that to current inventory, we come up with a figure of 15.2 months of inventory.

Turning our attention to active listings, however, once again we do see some more encouraging signs.  First, the average home is listed at $205 per square foot, only about 2.5% over the average sold list price for April, and the average days on market for all active homes is only 116 days.