November 2017 El Dorado Hills Home Sales Were Up 36% Over November 2016!
Pending El Dorado Hills Home Sales were up a Whopping 46%!!
(Pending sales are homes in contract and yet to close)
Based on Closed El Dorado Hills Home Sales, El Dorado Hills Has Only 3.7 Months of Housing Inventory For Sale
This means that if sales continue at the current rate and no more homes were to come up for sale, there would be no homes for sale in 3.7 months.
Despite demand outstripping supply, year over year prices have only moderately increased, up an average of 6.3% on a cost-per-foot basis.
Homes over $1 million sold for 3.4% less per foot than a year ago.
It is a seller’s market without being a feeding frenzy. Buyers are patient and remain cautious.
Inventory is Down 73.6% From November 2016!
Asking Prices Are Up While Sold Prices Remain Flat
Sellers are starting to get ahead of buyers and need to be cautious how they price their homes for sale.
For Sale prices in November were up 9.3% compared to last year. Sold prices remain flat.
As always, the key question is, “What does this mean for me?”
That’s a question that is unique to your situation. We’d love to talk with you about your real estate plans for 2018. Whether you are looking to move up, downsize, or buy investment property, we’d love to earn the opportunity to work for you!
Need more info? Ready to talk about buying or selling? We’re here to answer your questions! You can reach us via email: [email protected], phone/text: 916.941.6566, or fill out the form below to schedule a call.
