Amador County Real Estate - Market Update, September 2007
Posted by John Lockwood on October 10th, 2007
The good news for Amador County in October is that inventory has declined somewhat from last month’s 14.76 months, but the numbers are still higher than Sacramento, El Dorado, etc., at 13.84 months. The average home sold through the MLS in Amador County in September for $325,238, approximately 94% of the average list price of $345,170. This year’s average was down 10.6% from last year’s, but on a sold price per square foot basis, the decline was only 3.9%, since this year’s “average home” was 1452 square feet, 7% smaller than last year’s average of 1561. The average sold price per square foot was $224 this year, compared to $233 last year.
This year thirty units sold in Amador County, down 9.1% from last year’s figure of 33 units.
Homes in Amador County are taking longer and longer to sell. The average home that sold in Amador County did so after a 194 days on the market — over six months. Last year that figure was less than four months (113 days).