Your Local Update on the El Dorado Hills Real Estate Market
The NEW El Dorado Hills Real Estate Market is Here
The real estate market we experienced last Spring where every home listed had buyers waiting is over. The difference between the market last March and today is glaring.
We have entered a new real estate market in El Dorado Hills
Last March the market could not be any hotter. Sales were up 43% compared to the previous March and pending sales were up 25%. Sellers were getting multiple offers and many were getting offers above asking price. A great time to be a seller. Perhaps not as good a time to be a buyer.
November numbers show a completely different market. Now we see year over year sales and pending sales dropping in El Dorado Hills.
Where the lower priced home segment was driving the market last Spring, it is now the slower part of the market.
Home sales between $700,000 and $1 million while starting to slip are showing strength in comparison to lower priced homes.
In the $1 million+ luxury segment, which was lagging a year ago, we now see the greatest strength. Though the unit numbers are small, sales and pending sales were both strong in November.
If you are considering buying or selling real estate in 2019, we’re sure these El Dorado Hills real estate trends will raise questions. We’d happy to talk to you about your specific needs and how you can use the changing market to your advantage! Call or text us any time! 916.941.6566
Can the national media really tell you what’s going with El Dorado Hills real estate?
Does the Sacramento Bee really dig into El Dorado Hills real estate trends and data?
Since, as the saying goes, all real estate is local, we keep you updated on the El Dorado Hills real estate trends.
Below is our most recent update from November, 2018.
Curious about trends in your neighborhood?
Want an idea of your home’s current market value?
While tools like Zillow are great for aggregating data, they really aren’t very good at getting to granular data on a street-by-street or home-by-home level. That’s where we come in!
Our local market knowledge allows us to share with you sales trends for your neighborhood and even your block. We also can evaluate the condition and amenities of your home in comparison with homes that have recently sold. With this data, we can provide you with a much more specific market valuation that you can get from one of the data aggregation sites.
Curious? Let’s chat!
Fill out the form below, email us at firstname.lastname@example.org, or phone or text us 916.941.6566!