Real Estate Market Update
January 2018 is a Seller’s market! The number of for sale listings was down 12.9% from one year earlier and the same as the previous month. The number of sold listings increased 28.6% year over year and decreased 47.1% month over month. The number of under contract listings was up 93.8% compared to previous month and up 63.2% compared to previous year. The Months of Inventory based on Closed Sales is 1.5, down 31.6% from the previous year.
The Average Sold Price per Square Footage was down 1.8% compared to previous month and up 6.8% compared to last year. The Median Sold Price increased by 13.5% from last month. The Average Sold Price also increased by 13% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Appreciating”.
The Average Days on Market showed a neutral trend, an increase of 104.2% compared to previous year. The ratio of Sold Price vs. Original List Price is 97%, a decrease of 1% compared to previous year.
Proprietary charts with momentum (Þ):
- For Sale, Sold, Pended (Cameron Park)
- Avg Price Per Square Foot (Cameron Park)
- Avg CDOM, SP/OLP (Cameron Park)
- Median, Sold, For Sale (Cameron Park)
- Mos Inventory (Cameron Park)
Cameron Park offers a good option for commuters who want to live outside of town but not too far. There is only one zip code although Shingle Springs is sometimes a mailing zip code – about 10k households. Where a home offers a larger parcel size, as they do south of the highway, values are also higher. Make sure you remember that all zip codes have good, bad and ugly.
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