Market Conditions Report – El Dorado Hills

4/25/17
Beautiful El Dorado Hills is nestled in the scenic mountain foothills of the Sierras and is often referred to as the gateway to El Dorado County. The westward view opens to a vista of the Sacramento Valley and Folsom Lake. The higher ridges through the community offer spectacular views of the Sierra Nevada Mountains. It is a community that offers visitors the amenities of shops, hotels, services, entertainment and restaurants that make living here very pleasant and the quality of life gratifying.

El Dorado Hills has 209 homes for sale. Inventory is shrinking every month. There are 58 short sales with 1 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 $386,300 for a 3 bed/2 bath in Park Village to a 9,560 SF 6 bed 8 bath home on 2 acres in Serrano for $6,950,000.

There are 117pending sales with average days on the market of 43. There are 140 sold with average days on the market of 40. Average list price to sale price is 99.2%