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Archive for the 'Amador County' Category

Happy Birthday To Us!

Posted by John Lockwood on 9th November 2007

Today I noticed (just in time, too!) that this blog has turned one year old, when I happened across our kickoff post. Bridget and I started the blog on November 9th, and a week later, Bridget officially signed on with Elite Properties. Or more precisely, John Lockwood Associates hired Bridget with the understanding with Bridget and with her former broker that she could continue to use the name Elite Properties.

We did trail off a bit in the writing at some point, as I moved on to other projects and Bridget decided that being serially verbose was not for her. However, I think we’ve managed to make the blog a fairly credible resource, especially for Amador County, which has no other similar site that I know of. Lately we’ve gotten a huge help from Purva Brown, who is doing a great job of helping me beat back the tremendous onslaught of blogs that I keep putting up. This will be post 135 — not a bad year’s work for a side project!

To me the site is special because its beginning also serves to mark the real beginning for my brokerage, even though on paper it started in July of 2006.

Homebrewers at Downtown Placerville Tonight!

Posted by John Lockwood on 8th November 2007

Those of you that are homebrewers (called Zymurgy, go figure!) should consider coming to the HAZE club meeting at the Wine Smith in downtown Placerville tonight at 7 p.m.

HAZE stands for Hangtown Association of Zymurgy Enthusiasts and although zymurgy covers fermentation of wine as well as beer, this is a beer maker’s meeting.

This will be my first meeting. I’m going along with my husband who is one of those zymurgists. You can visit the HAZE club website here. Apparently, they taste (TASTE, not drink) homebrews and discuss recipes and share secrets to make better beer.

Aren’t you Glad you don’t Live in Placer County?

Posted by John Lockwood on 6th November 2007

I rarely have trouble taking sides with most issues, but today’s article in the Sacramento Bee about homeowners upset with Placer County’s budding wineries for ruining their country living peace and quiet is just difficult for me. There is no greater proponent than me for your ability to enjoy your home in peace and not have to listen to loud music around you when you come home, but I must say I am happy to live close to wineries here in El Dorado and Amador Counties.

This story explains it all.

I’m curious, especially from a marketing point of view as a Realtor. Does “winery minutes away” not count as a positive statement then?

And if you’re a wine enthusiast don’t expect prices on wine from these parts (El Dorado, Amador, and now Placer) drop any time soon. Not with this kind of resistance.

Amador County Real Estate - Market Update, September 2007

Posted by John Lockwood on 10th October 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).

Ione Real Estate Market Update

Posted by John Lockwood on 25th September 2007

Comparing the first half of 2006 to the first half of 2007 for Ione, California, we find the Ione real estate market characterized by a marked decline in prices — that’s the bad news.  The good news is that these price drops seem to be having an effect on the inventory on Ione, which is fairly low compared to the rest of Amador County.

Thirty-five residential units sold in the first six months of 2006, and by the first six months of 2007, that number had increased to thirty-nine units.  This year’s average home sold for $281,484, a 15.9% drop from last year’s average sold price of $334,814.  The sold price per square foot was not far from that — it dropped 15.2%.  The median sale price from January to June of 2007 was $305,000, down 9% from last year’s median price of $335,000.  The time it takes to sell, expressed as average days on market, have gone up to over six months (187 days), a 53% increase from last year’s average of 122.

There are currently sixty-five units active in Ione, and with 80 selling over the course of the last year, this puts inventory at ten months.  This is a high figure, but low compared to the rest of Amador County, which has an average inventory of 14.8 months.

Amador County Real Estate Market Update

Posted by John Lockwood on 12th September 2007

Amador County’s real estate market in August picked up some in terms of units sold, but there is still quite a bit of unsold inventory remaining.

This August there were 47 residential units sold through the MLS, up 6.8% from last August and besting the running monthly average over the last twelve months, which was about 38 per month.

The average home sold for $379,159 in August, up 8.8% from last year’s average of $348,381.  So far so good, but this year’s average home was 16.8% bigger than last year’s, with the upshot being that the average sold price dropped 8.8%, which is a fairly typical year on year depreciation compared to Sacramento, El Dorado, and other nearby markets.

The median price dropped 14.2% from year to year, from $349,500 last August to $300,000 this August.  Average days on market are up 36.5%, from 134 last August to 183 this August — yes, that’s six months alright, and you can blame the number of homes competing for that.  Inventory remains high in Amador County at 14.76 months.

Terrace View in Jackson - Beautiful Home With View

Posted by John Lockwood on 14th July 2007

Jamie Boling-Puebla just listed this beautiful Jackson home.

Beautiful Home with a View
Main Photo

Location: Terrace View

Gorgeous view!!! Italian tile through out entire downstairs, new upgraded carpet, flooring in upstairs bathrooms, interior/exterior paint, 30 year roof front and back landscaping,fencing. Custom pantry. Community pool and playground.

Contact Information
Jamie Boling-Puebla
(877) 735-5657
Asking Price: $335,000
Property Location
205 Terrace View Circle
Jackson, CA 95642
View Map
Bedrooms: 3
Bathrooms: 2 1/2
Parking: Garage
Year Built: 1993
Subdivision: Terrace View
Lot Size: .070
Garage Size: 2 car
School District: Amador Unified
Square Footage: 1631
Agent Name: Jamie Boling-Puebla
Broker: Elite Properties
MLS #: 70072741 (Metrolist)
Sink Disposal
Interior Amenities
Photo Gallery

Amador County Real Estate - Stop Copying Me.

Posted by John Lockwood on 4th July 2007

No really, quit it.

I just got done writing about El Dorado County’s real estate sales in June, and noticed in the course of that article that prices aren’t really falling much in El Dorado County.  Instead, for the same price, buyers are getting a bigger house.  (Another way to put that is to say prices really are falling — it’s just not obvious just by looking at the median price and the average price).

Well, it looks like I spoke too soon on that one, because the same thing is going on in Amador County — only more so!  In Amador County, this year’s average price and median prices actually rose from last year, or appeared to.  The average home sold in June for $392,504, up .6% from last year’s average of $390,052.  Meantime, the median sale price increased 3.4%, from $350,000 last year to $362,000 this year.

But while prices rose moderately, the average size rose dramatically, some 21%, from approximately 1,548 square feet on average to 1,869 square feet on average.

One of the things I don’t really track here is how much land people are getting with these such-and-such “average square feet” homes.  It’s not that it’s not an interesting question, it’s just that the MLS doesn’t provide aggregate statistical info for acreage.  I suspect people are getting bigger yards in many cases as well as bigger homes.

Meantime, in other indicators, Amador County’s market continues to show signs of stress.  Inventory is higher than in any local market we study, at 16.04 months — that’s also up almost one month past last month’s figure of 15.3 months

Price Reduced — Gorgeous 5 Bedroom / 3 Bath Ione Home

Posted by John Lockwood on 23rd June 2007

Huge Home + Low Price + Gorgeous = Opportunity Knocks
Main Photo

Location: Ione, CA

What are you waiting for? We’ve just had a major price reduction on this one so please get out and see it before the Federal Reserve tells us interest rates should go up again. With 3,300 square feet (approximately), 5 bedrooms and 3 full baths, this gorgeous yet affordable home is just right for your growing family or extended family. It features excellent separation between the main level and basement. (The way it’s laid out, it’s practically two homes in one). This home also features impeccable, low maintenance landscaping and is in walking distance to downtown and schools. Check out age and the price per square foot on this one and compare!
Contact Information
Bridget Felmley-Gay
(530) 306-9111
Asking Price: $459,900.00
Property Location
314 East Marlette
Ione, CA 95640
View Map
Bedrooms: 5
Bathrooms: 3
Parking: Attached Garage
Year Built: 2002
Lot Size: .17 acres
Garage Size: 2 car
Broker: Elite Properties
MLS #: 106083
Sink Disposal
Trash Compactor
Gas Range/Oven
Exterior Amenities
Fenced Yard
Sprinkler System
Low Maintenance
Photo Gallery

Why do Bridget’s Listings Always Go So Well With Beethoven?

Posted by John Lockwood on 22nd June 2007

Here’s our slide show for Bridget Felmley-Gay’s fabulous East Marlette Listing.

Beethoven’s Piano Concerto No. 1 in C Major appears courtesy the good people at  Our thanks as well as Aaron Dunn and the Bucharest College Orchestra, who were good enough to put this performance into the public domain.

We’ll have more about this listing in momentarily.