BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – JANUARY 2013

This is the latest monthly report of our more than five-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA. This report covers January 2013. For the purposes of simplification, we will use the term foreclosure for all homes in this category from this point forward.

If you would like to see all of the foreclosure homes available for sale in El Dorado Hills, select this link. To view the available foreclosure homes you will have check the box marked “are REO/Bank Owned,” in the “Including the above criteria, only show me properties that:” section. Then scroll down and check the “El dorado Hills Area” box on the left side of the page and finally select the Search Now (List Your Results or Map Your Results) button at the bottom of the page. EVERY available property will come up. The site refreshes the data daily.

There were FIVE foreclosure homes that sold in El Dorado Hills in January, one more than sold in December. Since our sample is so small, any statistical analysis is of questionable value.

The subject homes were on the market for an average of 31 days. This is longer than normal. The fact that four of the five homes were more than ten years old may have had an impact on this issue. Newer homes are more popular and tend to sell faster.

The foreclosure homes that sold represent only 11.1% of ALL homes that sold in El Dorado Hills this month. The scarcity of available foreclosure homes is the main reason that foreclosure homes are such a small segment of the total market.

The available inventory of foreclosure homes in El Dorado Hills was at a 0.4-month supply, down from a 1.0-month supply the previous month. This is well within the normal range. There was a spike to an 8-month supply in October which we attribute as a statistical anomaly.

The inventory for ALL homes available in El Dorado Hills was at a1.9-month supply in January, up from a 1.8-month supply in December. We had a spike in January and February of 2012 but have not been over the level of a 2.1-month supply since. Pundits tell us that a 6-month supply is a neutral market, so we continue to have a strong seller’s market for ALL homes in El Dorado Hills, both foreclosure and non-foreclosure.

The average cost-per-square-foot for foreclosure homes was $170, up markedly from $ 117 in December and the highest it has been in well over fifteen months.

The average cost-per-square-foot for ALL homes sold in El Dorado Hills in January increased to $177, up from $163 in December and also the highest that has been in over fifteen months.

Home prices are going up. When comparing the cost-per-square foot for foreclosure homes sold in January of 2012 and January of 2013 we see a 15.7% increase. That increase was 18.8% for ALL homes that sold in the same periods.

The average sales price for foreclosure homes was only 99.3% of the final asking price. A full 80% of the foreclosure home buyers paid the asking price or more for their homes.

In essence we can see that the number of foreclosure homes available is very small and they are selling quickly. The overall shortage of inventory makes ours a strong seller’s market and prices in general are increasing.

If you have any questions about purchasing any home in El Dorado Hills, an El Dorado Hills foreclosure, or a foreclosure Home anywhere in the area, feel free to give us a call (916) 337-0658. If you would like to search for foreclosure homes in your section of the greater Sacramento area, go to www.BuyYourVilla.com

To view the data for BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – JANUARY 2013 see the chart below.

Filed Under Bank Owned Home (REO) Sales Information-El Dorado Hills, El Dorado County, El Dorado Hills · Leave a Comment
Posted: February 28, 2013

BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – DECEMBER 2012

This is the latest monthly report of our more than five-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA. This report covers December 2012. For the purposes of simplification, we will use the term foreclosure for all homes in this category from this point forward.

If you would like to see all of the foreclosure homes available for sale in El Dorado Hills, select this link. To view the available foreclosure homes you will have check the box marked “are REO/Bank Owned,” in the “Including the above criteria, only show me properties that:” section. Then scroll down and check the “El dorado Hills Area” box on the left side of the page and finally select the Search Now (List Your Results or Map Your Results) button at the bottom of the page. EVERY available property will come up. The site refreshes the data daily.

There were only FOUR foreclosure homes sold in El Dorado Hills in December, two more than sold in November. Since our sample is so small, any statistical analysis is of questionable value.

The subject homes were on the market for an average of 35 days–the data is skewed because one of the homes had been on the market for 105 days,much longer than normal in our current market. The other three foreclosure homes that sold were on the market for less than two weeks.

The foreclosure homes that sold represent only 8.2% of ALL homes that sold in El Dorado Hills this month. The scarcity of available foreclosure homes is the main reason that foreclosure homes are such a small segment of the total.

The available inventory of foreclosure homes in El Dorado Hills was at a 1.0-month supply, down from a 1.5-month supply the previous month.

The inventory for ALL homes available in El Dorado Hills remained at a 1.9-month supply in December, for the second month in a row. It has not exceeded a 2.1-month supply in the past ten months. Pundits tell us that a 6-month supply is a neutral market, so we continue to have a strong seller’s market for ALL homes in El Dorado Hills, both foreclosure and non-foreclosure.

The average cost-per-square-foot for foreclosure homes was $117, down from $ 163 the previous month. Here too this number is skewed because one of the homes sold for $95.26 per square foot and a second sold for $ 103.57 per square foot. It is not within the scope of our study to address the condition of the homes sold, or how that impacts the selling price. We just mention these two sales because they represent one half of the foreclosure homes that sold during the subject month.

The average cost-per-square-foot for ALL homes sold in El Dorado Hills in December increased slightly to $162, up from $158 in November. This December number is ten dollars higher that it was in December of 2011.

The average sales price for foreclosure homes was 103.1% of the final asking price. A full 75% of the foreclosure home buyers paid more than the asking price for their homes.

To view the data for BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – DECEMBER 2012 see the chart below.

The data follows:

Filed Under Bank Owned Home (REO) Sales Information-El Dorado Hills, El Dorado County, El Dorado Hills, Market Reports · Leave a Comment
Posted: January 10, 2013

BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – NOVEMBER 2012

This is the latest monthly report of our five-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA. This report covers November 2012. For the purposes of simplification, we will use the term foreclosure for all homes in this category from this point forward.

If you would like to see all of the foreclosure homes available for sale in El Dorado Hills, select this link. To view the available foreclosure homes you will have check the box marked “are REO/Bank Owned,” in the “Including the above criteria, only show me properties that:” section. Then scroll down and check the “El dorado Hills Area” box on the left side of the page and finally select the Search Now (List Your Results or Map Your Results) button at the bottom of the page. EVERY available property will come up. The site refreshes the data daily.

There were only TWO foreclosure homes sold in El Dorado Hills in November, one more than sold in October. Since our sample is so small, any statistical analysis will be of questionable value.

The subject homes were on the market for an average of 11.5 days, a very short period. We also note that both buyers paid more than the asking price.

The foreclosure homes that sold represent only 3.6% of ALL homes that sold in El Dorado Hills this month. The scarcity of available foreclosure homes is the main reason that foreclosure homes are such a small segment of the total.

The available inventory of foreclosure homes in El Dorado Hills dropped back into the normal range in November at a 1.5-month supply.

(It had peaked at an eight month supply in October due to a statistical anomaly. An unusually large number of eight foreclosure homes came on the market in October. The absorption rate is calculated using the number of available homes divided by the number that sold the previous month. Since the number of homes available is normally small, the historical sales number is also small. The unusual circumstance of eight homes entering the market in the same month resulted in an eight month supply statistic.) .

The inventory for ALL homes available in El Dorado Hills remained at a 2.1-month supply in November, the second month in a row. . Pundits tell us that a 6-month supply is a neutral market, so we continue to have a strong seller’s market for ALL homes in El Dorado Hills, both foreclosure and non-foreclosure.

The average cost-per-square-foot for foreclosure homes was $163, up considerably from $ 138 the previous month. The average cost-per-square-foot for ALL homes sold in El Dorado Hills in November dropped to $157, the lowest number in six months.

The average sales price for foreclosure homes was 104.2% of the final asking price.

It is highly unusual for the average cost per square foot for foreclosure homes in higher than that for all homes sols in a given month. With such a small sample the ratios are not viable.

To view the data for BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – NOVEMBER2012 see the chart below.

The data follows:

Filed Under Bank Owned Home (REO) Sales Information-El Dorado Hills, El Dorado County, El Dorado Hills, Uncategorized · Leave a Comment
Posted: December 27, 2012

BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – OCTOBER 2012

This is the latest monthly report of our five-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA. This report covers October 2012. For the purposes of simplification, we will use the term foreclosure for all homes in this category from this point forward.

If you would like to see all of the foreclosure homes available for sale in El Dorado Hills, select this link. To view the available foreclosure homes you will have check the box marked “are REO/Bank Owned,” in the “Including the above criteria, only show me properties that:” section. Then scroll down and check the “El dorado Hills Area” box on the left side of the page and finally select the Search Now (List Your Results or Map Your Results) button at the bottom of the page. EVERY available property will come up. The site refreshes the data daily.

There was only ONE foreclosure home sold in El Dorado Hills in October, the first time in our five-year study that this has happened. Since our sample is so small, any statistical analysis will be of little value.

Photo of a foreclosure home for sale

The subject home was on the market for 60 days. That is longer than most foreclosure homes are usually on the market unless there are condition issues. We also note that the buyer paid 101.8% of the final asking price.

The one foreclosure home that sold represents only 1.7% of ALL homes that sold in El Dorado Hills this month. The scarcity of available foreclosure homes is the main reason that foreclosure homes are such a small segment of the total.

The available inventory of foreclosure homes in El Dorado Hills increased to a 4.0-month supply in October. The inventory level was at a 0.5-month supply level in September. However, we determine inventory level with a formula that includes the number of homes sold that month. We have four homes available and only one sold in October, so we have a four-month supply. We submit that this is not statistically significant. This inventory level has only been above a two-month supply one month in the past fifteen.

The inventory for ALL homes available in El Dorado Hills increased to a 2.3-month supply in October. We had a 2.0-month supply in September. Pundits tell us that a 6-month supply is a neutral market, so we continue to have a strong seller’s market for ALL homes in El Dorado Hills, both foreclosure and non-foreclosure.

The cost-per-square-foot for this foreclosure home was $138, up six dollars from the September average. The average cost-per-square-foot for ALL homes sold in El Dorado Hills in October jumped up to $173, the second highest figure in the past fifteen months.

The sales price for this foreclosure home was 101.8% of the final asking price and 96.3% of the original asking price.

When based on the cost-per-square-foot for ALL homes sold, this foreclosure homebuyer paid $ 35 less per square foot. When applied to the purchase of a 2,500 square foot home, that represents a savings of $ 87.500: a tidy sum.

To view the data for BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – OCTOBER 2012 see the chart below.

The data follows:

El Dorado Hills Ca Foreclosure home sales data chart

Filed Under Bank Owned Home (REO) Sales Information-El Dorado Hills, Market Reports · Leave a Comment
Posted: November 14, 2012

BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – SEPTEMBER 2012

This is the latest monthly report of our five-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA. This report covers September 2012. For the purposes of simplification, we will use the term foreclosure from this point forward.

If you would like to see all of the foreclosure homes available for sale in El Dorado Hills right now, select this link. To view the available foreclosure homes you will have check the box marked “are REO/Bank Owned,” then scroll down and check the “El dorado Hills Area” box on the left side of the page and finally select the Search Now (List Your Results or Map Your Results) button at the bottom of the page. EVERY available property will come up. The data is updated daily.

There were six foreclosure homes sold in El Dorado Hills in September, down three from the previous month. All of these sales fall within the normal ranges.

The average days on market increased from 18 the previous month to 20 in September, not a significant change. Three, or 50%, of the foreclosure homes sold in two weeks or less in September, a slightly larger segment than normal.

The six foreclosure homes that sold represent only 9.5% of ALL homes that sold in El Dorado Hills this month. The scarcity of available foreclosure homes is the main reason.

The available inventory of foreclosure homes in El Dorado Hills increased to a 0.5-month supply in September. The inventory level was at a 0.2-month supply level in August, an all time low for our study. This inventory level has only been above a two-month supply one month in the past fifteen.

The inventory for ALL homes available in El Dorado Hills increased to a 2.1-month supply in September. We had a 1.4-month supply in August. Pundits tell us that a 6-month supply is a neutral market, so we continue to have a strong seller’s market for ALL homes in El Dorado Hills, both foreclosure and non-foreclosure.

The average cost-per-square-foot for foreclosure homes dropped to $132, down from $153 in August. The average cost-per-square-foot for ALL homes sold in El Dorado Hills in September edged up to $163, the second highest figure in the past fifteen months.

The overall sales price for foreclosure homes was 98% of the final asking price and 95.8% of the original asking price. Only one buyer paid the full asking price or more in September for their foreclosure home, an unusually small segment.

When based on the cost-per-square-foot for ALL homes sold, foreclosure homebuyers paid $ 31 less per square foot in September. When applied to the purchase of a 2,500 square foot home, that represents a savings of $ 77,500: a tidy sum.

To view the data for BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – SEPTEMBER 2012 see the chart below.

El Dorado Hills Foreclosure home sales data chart

Filed Under Bank Owned Home (REO) Sales Information-El Dorado Hills · Leave a Comment
Posted: October 17, 2012

BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – JANUARY 2013