Market Update for Placerville
Posted by John Lockwood on October 9th, 2007
Placerville seems mostly unaffected by the recent real estate downturn unless you consider the number of homes that have actually sold.
Last year, 355 single family residences sold for a median price of $425,000. Days on market averaged 73. This year, 242 homes have sold for a median price not too far from last year’s - $417,500. That’s a drop of just 1.76%
The days on market and number of sales tell the bad side of the story. The homes sold this year stayed on the market for an average of 84 days - 15% longer than last year and the number of sales dropped by 31.8% - but these are only numbers so far and we still haven’t reached the end of the year. The 31.8% is likely to get better but we don’t know by how much.
There are currently 33 homes pending sale and 320 homes active on the market between $179,900 and $6,500,000.