In July, the average home in El Dorado County sold for $541,094, down 6.4% from last July’s average of $578,118.  As we’ve seen elsewhere, buyers have continued to opt for larger homes, so this year’s average home in El Dorado County was 2,289 square feet, up modestly from last year’s average of 2,224 square feet.  As a result, sold price per square foot showed a more dramatic drop from year to year.  This year the average was 236.39, down 9.1% from last year’s average of $259.95.

At the same time, the median price of a home this year dropped only modestly.  This July’s median home sale price was $490,000, compared to $499,475 last year, a 1.9% drop.

The expired to sold ratio for July was 91.7%, compared to last year’s value of 68.2%.

Inventory is just over 12 months worth.  Unit sales in July (157) were pretty close to the average for the last year (155), however, they’re down 10.8% from last July’s total of 176 units.