EL DORADO HILLS HOME SALES DATA

EL DORADO HILLS HOME SALES DATA

El Dorado Hills is a beautiful area, an ideal location to raise a family and meet life’s challenges.  Since El Dorado Hills is a bedroom community, there are many fine homes from which to choose at any given time.

A prudent buyer will investigate an area before they decide if it is right for them.  They will also learn as much as they can about the local real estate market.  The purpose of this post is to provide home sales data for single-family homes in El Dorado Hills.

Contrary to all of the media hype about the “national” real estate market, real estate markets are local and one can be very different from another.

For those of you who remember your Economics 101 class, the laws of supply and demand still apply, especially in the real estate market.  One of the statistics Realtors® monitor carefully is supply, or the inventory of homes available on the market.  

Pundits consider a six-month supply to be a neutral market.  An inventory of less than six-months is a seller’s market and an inventory of more than six-months is a buyer’s market.

The graph below provides the inventory data for El Dorado Hills for the past 15-months. You can see that there were two months in which the inventory level exceeded a six-month supply, both at the beginning of last year.  Homeowners are reluctant to put their homes on the market when sales prices are low.

The second graph lists the actual price per square foot that single-family homes sold for in each of the past 15-months. This is an important statistic to Realtors®, one used to determine to value of any specific property.

Naturally, there are fluctuations but there is no measurable trend.  We submit that the price point is bumping along at the bottom of the market. 

We can provide this data for any town in our seven county areas.  If you have an interest in a specific home, we will be happy to help you determine a value and assist you in getting the best possible deal.  Call (916) 337-0658 or e-mail Mike@BuyYourVilla.com