Market Conditions Report – El Dorado Hills

2/2/17

If you’ve wanted to live in El Dorado Hills due to its excellent location, terrain, schools – you are running out of time to buy the home you’ve been dreaming about at a still affordable price. Many homes have multiple offers. If you find a home you like, don’t hesitate. Interest rates are still low.

El Dorado Hills inventory of homes for sale is shrinking. In July there were 281 homes for sale. Now, at the beginning of February, El Dorado Hills has 133 homes for sale. There are 8 short sales with 3 of them already having seller accepted offers and waiting for lender approval. There are 2 REO’s (bank owned) properties for sale proving the point that lenders would rather do a short sale than foreclose. Home prices range from $350,000 for a 3 bed/2 bath on 5 acres to a 9,560 SF 6 bed 8 bath home on 2 acres in Serrano for $6,950,000.

There are 60 pending sales with average days on the market of 61. There are 172 sold with average days on the market of 56. Average list price to sale price is 98.6%