Fri Mar 05 2021
This week the median list price for El Dorado, CA is $551,999 with the market action index hovering around 64. This is about the same as last month's market action index of 64. Inventory has held steady at or around 6.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$551,999|
|Per Square Foot||$237|
|Days on Market||35|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$785,000||2,376||10 - 20 acres||3||3||30||0||0||154|
|$699,000||2,932||1 - 2.5 acres||3||2||32||0||0||35|
|$551,999||2,568||2.5 - 5 acres||3||2||23||1||1||66|
|$320,000||1,280||5 - 10 acres||2||1||52||1||0||17|