Mon May 17 2021
This week the median list price for Placerville, CA is $625,000 with the market action index hovering around 83. This is about the same as last month's market action index of 83. Inventory has increased to 49.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$625,000|
|Median Price of New Listings||$539,000|
|Per Square Foot||$281|
|Average Days on Market||51|
|Median Days on Market||14|
|Strong Seller's Market|
While this week the median price didn’t fluctuate much, we are relatively close to the market’s high price point and have had an upward price trend over the last few weeks. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,047,500||3,253||5 - 10 acres||5||3||30||2||1||28|
|$667,000||2,578||1 - 2.5 acres||4||2||34||3||3||38|
|$572,500||2,033||0.25 - 0.5 acre||3||2||31||6||5||7|
|$399,000||1,345||1 - 2.5 acres||3||2||49||8||8||7|