BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS,CA-AUG. 2011
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – AUGUST 2011
This is the latest monthly report of a nearly four-year study of bank owned home sales in El Dorado Hills, CA. This report covers August 2011.
There were 13 REO homes sold in El Dorado Hills in August, three less than sold the previous month.
The average days on market dropped from 67 in July to 36 in August. None of the homes had been on the market for over 100 days. A full 54% of the homes that sold were on the market for two weeks or less. Well-priced homes in good condition are still selling quickly.
The 13 Bank Owned homes that sold represent only 22% of ALL homes sold in El Dorado Hills this month.
The available inventory of REO homes in El Dorado Hills increased from a .9-month supply the previous month to a 1.5-month supply in August. That inventory level has not been over a 2-month supply any month this year, with the exception of February, when it was at a 2.7-month supply. The available inventory for ALL homes increased from a 3.1-month supply the previous month to a 3.5-month supply in August. Pundits advise that a 6-month supply is a neutral market, so we are still looking at a seller’s market for ALL homes in El Dorado Hills.
The average cost-per-square-foot for Bank Owned homes was $ 133 in August, up from $ 122 the previous month. The average cost-per-square-foot for ALL homes sold in El Dorado Hills in August increased to $ 148, up from $ 146 the previous month.
The overall sales price for REO homes was 100.1% of the final asking price and 98.4% of the original asking price. Yet 70% of the buyers paid the full asking price or more for their REO homes in August. Apparently, these homes were well priced and buyers decided to take advantage of low prices and excellent mortgage interest rates.
REO buyers paid 90% of the cost-per-square-foot for their REO home when compared with the cost-per-square-foot for all homes sold in August. That is a $ 15 pre-square-foot savings. When applied to a 2500 square foot home that represents a savings of $ 37.500, a considerable sum. Most buyers would consider that sufficient reason to accept the fact that REO buyers must relinquish some of the rights they have when buying a home in a normal sale.
If you have any questions about purchasing any home in El Dorado Hills, an El Dorado Hills Bank Owned Home, or a Bank Owned Home anywhere in the area, feel free to give us a call (916) 337-0658.
The data follows:
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – JULY 2011
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – JULY 2011
This is the latest monthly report of a nearly four-year study of bank owned home sales in El Dorado Hills, CA. This report covers July 2011.
There were 16 REO homes sold in El Dorado Hills in July, three less than sold the previous month.
The average days on market dropped from 72 in June to 67 in July. Three of the homes had been on the market for over 100 days, one for 270 days. However, 25% of the homes that sold were on the market for two weeks or less. Well-priced homes in good condition are still selling quickly.
The 16 Bank Owned homes that sold represent 25% of ALL homes sold in El Dorado Hills this month.
The available inventory of REO homes in El Dorado Hills increased slightly from a .9-month supply the previous month to a 1.0-month supply in July. The available inventory for ALL homes increased from a 2.9-month supply the previous month to a 3.5-month supply in July. Pundits advise that a 6-month supply is a neutral market, so we are still looking at a seller’s market for ALL homes in El Dorado Hills.
The average cost-per-square-foot for Bank Owned homes was $ 124 in July, down from $ 128 the previous month. The average cost-per-square-foot for ALL homes sold in El Dorado Hills in July dropped to $ 146, down from $ 149 the previous month.
The overall sales price for REO homes was 98.3% of the final asking price and 92.5% of the original asking price. Yet 57% of the buyers paid the full asking price or more for their REO homes in July. Apparently, these homes were well priced and buyers decided to take advantage of low prices and excellent mortgage interest rates.
REO buyers paid 85% of the cost-per-square-foot for their REO home when compared with the cost-per-square-foot for all homes sold in July. That is a $ 22 pre-square-foot savings. When applied to a 2500 square foot home that represents a savings of $ 55,000, a considerable sum. Most buyers would consider that sufficient reason to accept the fact that REO buyers must relinquish some of the rights they have when buying a home in a normal sale.
If you have any questions about purchasing any home in El Dorado Hills, an El Dorado Hills Bank Owned Home, or a Bank Owned Home anywhere in the area, feel free to give us a call (916) 337-0658.
The data follows:
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – JUNE 2011
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – JUNE 2011
This is the latest monthly report of a nearly four-year study of bank owned home sales in El Dorado Hills, CA. This report covers June 2011.
There were 19 REO homes sold in El Dorado Hills in June, two more than sold the previous month.
The average days on market increased from 66 in May to 72 in June. Three of the homes had been on the market for over 100 days, one for 367 days. However, 32% of the homes that sold were on the market for two weeks or less. Well-priced homes in good condition are still selling quickly.
The 19 REO homes that sold represent 24% of ALL homes sold this month.
The available inventory of REO homes in El Dorado Hills decreased from a 1.2-month supply the previous month to a .9-month supply in June. The available inventory for ALL homes decreased from a 4.0-month supply the previous month to a 3.1-month supply in June, the lowest level in fourteen months. Pundits advise that a 6-month supply is a neutral market, so we are still looking at a seller’s market for ALL homes in El Dorado Hills.The average cost-per-square-foot for REO homes was $ 128 in June, down from $ 130 the previous month. The average cost-per-square-foot for ALL homes sold in El Dorado Hills in June dropped to $ 149, down from $ 155 the previous month.
The overall sales price for REO homes was 99.1% of the final asking price and 94.6% of the original asking price. Yet 53% of the buyers paid the full asking price or more for their REO homes in June. Apparently, these homes were well priced and buyers decided to take advantage of low prices and excellent mortgage interest rates.
REO buyers paid 86% of the cost-per-square-foot for their REO home when compared with the cost-per-square-foot for all homes sold in June. That is a $ 21 pre-square-foot savings. When applied to a 2500 square foot home that represents a savings of $ 52,500, a considerable sum. Most buyers would consider that sufficient reason to accept the fact that REO buyers must relinquish some of the rights the have when buying a home in a normal sale.
If you have any questions about purchasing an El Dorado Hills REO, or an REO anywhere in the area, feel free to give us a call (916) 337-0658.
The data follows:
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – MAY 2011
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – MAY 2011
This is the latest monthly report of a nearly four-year study of bank owned home sales in El Dorado Hills, CA. This report covers May 2011.
There were 16 REO homes sold in El Dorado Hills in May, down from 21 the previous month.
The average days on market increased from 57 in April to 66 in May. Three of the homes had been on the market for over 100 days, one for over 200. However, 44% of the homes that sold were on the market for two weeks or less. Well-priced homes in good condition are still selling quickly.
The 16 REO homes that sold represent 29% of ALL homes sold this month.
The available inventory of REO homes in El Dorado Hills decreased from a 1.5-month supply the previous month to a 1.3-month supply in May. The available inventory for ALL homes increased slightly from a 3.7-month supply the previous month to a 4-month supply in May, at the lower end of the normal range. Pundits advise that a 6-month supply is a neutral market, so we are still looking at a seller’s market for ALL homes in El Dorado Hills.
The average cost-per-square-foot for REO homes was $ 133 in May, down from $ 154 the previous month. (Note: There have been three months in the past year with a lower cost-per-square-foot in El Dorado Hills for REO homes.) The average cost-per-square-foot for ALL homes sold in El Dorado Hills in May dropped to $ 155, down from $ 167 the previous month.
The overall sales price for REO homes was 102.1% of the final asking price and 50% of the buyers paid more than the final asking price for their REO homes in May. Apparently, these homes were well priced and buyers decided to take advantage of low prices and excellent mortgage interest rates.
REO buyers paid 86% of the cost-per-square-foot for their REO home when compared with the cost-per-square-foot for all homes sold in May. That is a $ 22 pre-square-foot savings. When applied to a 2500 square foot home that represents a savings of $ 55,000, a considerable sum. Most buyers would consider that sufficient to accept the fact that REO buyers must relinquish some of the rights the have when buying a home in a normal sale.
If you have any questions about purchasing an El Dorado Hills REO, or an REO anywhere in the area, feel free to give us a call (916) 337-0658.
The data follows:
BANK OWNED (REO) HOME SALES DATA FOR EL DORADO HILLS, CA – APRIL 2011
This is the latest monthly report of a three-year study of bank owned home sales in El Dorado Hills, CA. This report covers April 2011.
There were 21 REO homes sold in El Dorado Hills in April, up from 16 the previous month.
The average days on market increased from 48 in March to 57 in April. Four of the homes had been on the market for over 100 days, one for almost 300. However, 48% of the homes that sold were on the market for two weeks or less. Well-priced homes in good condition are still selling quickly.
The 21 REO homes that sold represent 33% of all homes sold this month.
The available inventory of REO homes in El Dorado Hills decreased from a 2.0-month supply the previous month to a 1.6-month supply in April. The available inventory for ALL homes declined from a 4.2-month supply the previous month to a 3.9-month supply in April, at the lower end of the normal range. Pundits advise that a 6-month supply is a neutral market, so we are still looking at a seller’s market for ALL homes in El Dorado Hills.
The average cost-per-square-foot for REO homes was $ 154 in April, up from $ 145 the previous month. The average cost-per-square-foot for all homes sold in El Dorado Hills in April jumped to $ 167, up from $ 154 the previous month.
The overall sales price for REO homes was 102.6 % of the final asking price for the first time in over three years! In addition, 62% of the buyers paid more than the final asking price for their REO homes in April. Apparently, these homes were very well priced and buyers decided to take advantage of excellent mortgage interest rates.
REO buyers paid 93% of the cost-per-square-foot for their REO home when compared with the cost-per-square-foot for all homes sold in April. That is a $ 13 pre-square-foot savings. When applied to a 2500 square foot home that represents a savings of $ 32,500, a considerable sum. Most buyers would consider that sufficient to accept the fact that REO buyers must relinquish some of the rights the have when buying a home in a normal sale.
If you have any questions about purchasing an El Dorado Hills REO, or an REO anywhere in the area, feel free to give us a call (916) 337-0658.
The data follows:
