BANK OWNED (REO) HOME SALES DATA FIR EL DORADO HILLS,CA–JULY 2010
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR July 2010
This is a continuation of our three year monthly report on Bank Owned (REO) home sales data for El Dorado Hills, CA. This report covers Bank Owned homes sold in July 2010.
There were 12 Bank Owned homes sold in July, the same number that were sold the previous month. REO inventory in El Dorado Hills has actually increased over the past four months from a one month supply in April, a 1.5 month supply in May, a 1.7 month supply in June and a 2.5 month supply in July. The inventory of all homes available on the market also increased to a six month supply in July. Six months is considered a neutral market, so we are in a neutral market at this writing.
The average days-on-market increased from 51 to 55 days. Two of the REO homes that sold had been on the market over 100 days. Only 25% of the REO homes sold were on the market two weeks or less. This is a smaller percentage than usual.
The 12 REO homes that sold represent 23% of all homes sold in El Dorado Hills in July.
The cost per square foot of REO homes in July was $ 144, down one dollar from the previous month. The cost per square foot of all homes sold in July increased $5 to $ 167.
The difference between the cost per square foot of REO properties and the cost per square foot of all properties sold indicates that REO homes represented only a 3% savings for REO buyers in June, a much smaller difference than normal.
The overall sales price for REO homes was 99.9% of the final asking price, and 95.9% of the original asking price, and 34% of the buyers paid more than the asking price for REO homes in July. There is obviously not much room for negotiation in these transactions.
The actual, measurable savings is the difference in cost per square foot between REO homes sold and the cost per square foot of all home sold: in July, $ 13 per square foot. That is a $ 32,500 savings on a 2500 square foot home, not a small sum.
The data follows:
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA -JUNE 2010
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR June 2010
This is a continuation of my three year monthly report on Bank Owned home sales data for El Dorado Hills, CA. This report covers Bank Owned homes sold in June 2010.
There were 12 Bank Owned homes sold in June, down 20% from May. This reflects a very low inventory of 1.7 months supply in June. Inventory was a one month supply in April and a 1.5 month supply in May. The inventory of all available homes in El Dorado Hills is presently only a 4.1 month supply. It had been 7.4 month supply in August of 2009. Six months is considered a neutral market, so we are still in a seller’s market irrespective of what the media reports..
The average days-on-market jumped to 51 days, up from 33 days in May. Only two of the REO homes that sold had been on the market for over 100 days. Only 25% of the REO homes sold were on the market two weeks or less. The well priced homes are selling quickly as usual. Those that were not well priced took longer to sell—Real estate 101.
The 12 REO homes that sold represent only 18% of all homes sold in El Dorado Hills in June.
The cost per square foot of REO homes in June was $ 145, down from $ 150 in May. The cost per square foot of all homes sold in January increased $ 2 to $160.
The difference between the cost per square foot of REO properties and the cost per square foot of all properties sold indicates that REO homes represented a 10% savings for REO buyers in June.
The overall sales price for REO homes was 99.8% of the final asking price, and 93.6% of the original asking price, and 25% of the buyers paid more than the asking price for REO homes in June.
The actual, measurable savings is the difference in cost per square foot between REO homes sold and the cost per square foot of all home sold: in March, $ 10 per square foot. That is a $ 25,000 savings on a 2500 square foot home, not a small sum.
The data follows:
BANK OWNED (REO) HOME SALES INFO FOR EL DORADO HILLS, CA May 2010
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR May 2010
This is a continuation of my three year monthly report on Bank Owned home sales data for El Dorado Hills, CA. This report covers Bank Owned homes sold in May 2010.
There were 15 Bank Owned homes sold in May, down 29% from April. This depleted the available inventory which presently stands at 1.35 months. The inventory of all available homes in El Dorado Hills is presently only 3.4 months. It had been 8.9 months in March of 2009. Six months is considered a neutral market, so we are still in a seller’s market irrespective of what the media reports..
The average days-on-market dropped to 33, down from 57 in April. None of the REO homes that sold had been on the market for over 100 days. A full 34% of the REO homes sold were on the market two weeks of less. The well priced homes are selling quickly as usual. Those that were not well priced took longer to sell—Real estate 101.
The 15 REO homes that sold represent 24% of all homes sold in El Dorado Hills in May.
The cost per square foot of REO homes in Mayl was $ 150, down $4 from April. The cost per square foot of all homes sold in January also decreased $ 7 from $167 in April.
The difference between the cost per square foot of REO properties and the cost per square foot of all properties sold indicates that REO homes represented a 6% savings for REO buyers.
The overall sales price for REO homes was 97.1% of the final asking price, and 96.2% of the original asking price, and 40% of the buyers paid more than the asking price for REO homes in April.
The actual, measurable savings is the difference in cost per square foot between REO homes sold and the cost per square foot of all home sold: in March, $ 10 per square foot. That is a $ 25,000 savings on a 2500 square foot home, not a small sum.
The data follows:
REO (BANK OWNED) REAL ESTATE SALES DATA FOR EL DORADO HILLS, CA -APRIL 2010
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR April 2010
This is a continuation of my nearly three year monthly report on Bank Owned home sales data for El Dorado Hills, CA. This report covers Bank Owned homes sold in April 2010.
There were 21 Bank Owned homes sold in April, three times the number sold the previous month. This depleted the available inventory which presently stands at 1.5 months. The inventory of all available homes in El Dorado Hills is presently 5.6 months. Six months is considered a neutral market, so we are still in a seller’s market irrespective of what the media reports..
The average days-on-market jumped up to 57. It had been 18 in March. Three REO homes that sold had been on the market for over 100 days and one had been on the market for 287 days. A full 48% of the REO homes sold were on the market less than two weeks. The well priced homes are selling quickly as usual. Those that were not well priced took longer to sell—Real estate 101.
The 21 REO homes that sold represent 33% of all homes sold in El Dorado Hills, within the normal range. 
The cost per square foot of REO homes in April was $ 155, down $2 from March. The cost per square foot of all homes sold in January also decreased $ 2 from $169 in March.
The difference between the cost per square foot of REO properties and the cost per square foot of all properties sold indicates that REO homes represented a 7% savings for REO buyers, exactly the same as in the previous month.
The overall sales price for REO homes was 101.6% of the final asking price, and 97.2% of the original asking price, and 48% of the buyers paid more than the asking price for REO homes in April.
The actual, measurable savings is the difference in cost per square foot between REO homes sold and the cost per square foot of all home sold: in March, $ 7 per square foot. That is a $ 17,500 savings on a 2500 square foot home, not a small sum.
The data follows:
REO (BANK OWNED) HOME SALES FOR EL DORADO HILLS,CA MARCH 2010
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR March 2010
This is a continuation of my two-plus year monthly report on Bank Owned home sales data for El Dorado Hills, CA. This report covers Bank Owned homes sold in March2010.
There were only seven Bank Owned homes sold in March, down from twelve the previous month. This reflects the level of inventory. At this writing there is only a four month inventory of REO homes available in El Dorado Hills.
The average days-on-market decreased to 18, down from 26 the previous month. A full 58% of the REO homes sold were on the market less than two weeks. The well priced homes are selling quickly as usual. Those that were not well priced took longer to sell—Real estate 101.
The seven REO homes that sold represent only 15% of all homes sold in El Dorado Hills, down from 31.6% last month.
The cost per square foot of REO homes in March was $ 156, up $ 20 from last month; a considerable increase. The cost per square foot of all homes sold in January decreased to $ 169, up from $ 157 in February.
The difference between the cost per square foot of REO properties and the cost per square foot of all properties sold 
indicates that REO homes represented a 7% savings for REO buyers.
The overall sales price for REO homes was 100% of the final asking price, and 99% of the original asking price. This proves once again that bank owned homes are selling for the asking price or a little more. There are good values available but the banks are not giving them away.
The actual, measurable savings is the difference in cost per square foot between REO homes sold and the cost per square foot of all home sold: in December, $ 13 per square foot. That is a $ 32,500 savings on a 2500 square foot home, not a small sum.
The data follows:
