El Dorado Hills Homes For Sale Today

Posted by Phil Boren on Monday, October 28th, 2013 at 1:54pm.

El Dorado Hills homes have seen a fairly significant shift in the market over the past few months, with an average increase in the median price of a sold listing of only 1.3%, based on data from MetroList® today.  Specifically, the median price of a sold listing in El Dorado Hills has increased from around $511K to $517K, while the median price of a new listing in El Dorado Hills has decreased by about 4.5% over the same time period.  These are signs of a changing real estate market, which has been primarily influenced by the notable increase in the number of homes for sale in the El Dorado Hills market.

As of today, there are 208 active (excludes pending sales), El Dorado Hills homes on the market, with a range from $220K to $3.999M and an average list price of about $765K.  The average home on the market is about 3,470 sf and the average days on market for these active listings right now is 72.  El Dorado Hills is a popular location that offers some of El Dorado County's nicer homes in neighborhoods like SerranoFour Seasons, and Promontory.  It's also popular because of its proximity to both Sacramento and Lake Tahoe, but the pace of sold homes is declining.

The following charts summarize the median price of a sold listing in El Dorado Hills as well as the number of residential units listed and sold, over the past six months:

El Dorado Hills homes, El Dorado Hills real estate statistics

El Dorado Hills Real Estate Market

One thing that becomes clearer when you look at these charts, is that the volume of home sales in El Dorado Hills has declined in the last 3 months from an average of 18 to 15, which could be a reaction to the recent upward tick in mortgage interest rates, but is more likely and more significantly influenced by the significant increase in the number of homes for sale, i.e. competition.  With an increase in the median price of a sold listing and the decline in the number of units sold over the same time period, what we're likely seeing in El Dorado Hills is more expensive homes selling.  The problem is that the decline in the number of homes sold came at a time of the year (June through September), when sales volume is generally more robust.  If the trend of declining sales volume and increased supply of homes on the market continues, the El Dorado Hills market could start to see the median price decline in response.

If you're interested in buying or selling an El Dorado Hills home, please call us at 916-960-8895 for a free consultation.

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Phil Boren
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