Amador County - Amador County has experienced the biggest drop in home sale prices of any county in the Sacramento region, according to recently released statistics from researcher MDA Dataquick. For statistical purposes, the company considers the region to include El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties. Home prices throughout the region have dipped slightly from one year earlier, yet this may not be a bad sign, as the total number of home sales continue to rise. The difference in median home prices in Amador County in April of 2010 compared to one year earlier has dropped by 10 percent, from $180,000 to $162,000. The median price is the point at which half the homes sell for more and half sell for less. Just one month earlier in May, the median home price in Amador County was $179,000. The price of new homes in Amador County over the course of one year dropped from $400,000 to $360,000, and detached home resale prices dropped from $177,500 to $158,500 over that same period.
Dataquick said fewer repos and a renewed sense of confidence at the higher end of the market, combined with sellers posting more realistic market prices, are considered the main factors behind the downward pricing trend and simultaneous rise in the number of escrows closed. Sacramento real estate agent Tim Collom told the Sacramento Bee that the “gap between buyers and sellers is a lot more narrow than last year.” The only county to see a rise in median home prices was Sacramento, which experienced a 4.5 percent increase to $172,500 in April compared to $165,000 one year before. Amador County also led the pack in the number of escrows closed, with a 55 percent increase over April of 2009. El Dorado, Nevada and Placer counties also experienced increases in this area, while Sacramento and Yolo counties saw 13 percent declines and Sutter and Yuba counties broke even.
Dataquick analyst Andrew LePage said these are the same trends his company is seeing throughout the state.
Overall, 3,255 homes changed hands during April in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties. New homes accounted for 5 percent of sales in the region. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.
Wednesday, 16 June 2010 06:05
Amador County Experiences Drop In Home Sales, Rise in Escrows Closed
Written by Tom-
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Amador County - Amador County has experienced the biggest drop in home sale prices of any county in the Sacramento region, according to recently released statistics from researcher MDA Dataquick. For statistical purposes, the company considers the region to include El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties. Home prices throughout the region have dipped slightly from one year earlier, yet this may not be a bad sign, as the total number of home sales continue to rise. The difference in median home prices in Amador County in April of 2010 compared to one year earlier has dropped by 10 percent, from $180,000 to $162,000. The median price is the point at which half the homes sell for more and half sell for less. Just one month earlier in May, the median home price in Amador County was $179,000. The price of new homes in Amador County over the course of one year dropped from $400,000 to $360,000, and detached home resale prices dropped from $177,500 to $158,500 over that same period.
Dataquick said fewer repos and a renewed sense of confidence at the higher end of the market, combined with sellers posting more realistic market prices, are considered the main factors behind the downward pricing trend and simultaneous rise in the number of escrows closed. Sacramento real estate agent Tim Collom told the Sacramento Bee that the “gap between buyers and sellers is a lot more narrow than last year.” The only county to see a rise in median home prices was Sacramento, which experienced a 4.5 percent increase to $172,500 in April compared to $165,000 one year before. Amador County also led the pack in the number of escrows closed, with a 55 percent increase over April of 2009. El Dorado, Nevada and Placer counties also experienced increases in this area, while Sacramento and Yolo counties saw 13 percent declines and Sutter and Yuba counties broke even.
Dataquick analyst Andrew LePage said these are the same trends his company is seeing throughout the state.
Overall, 3,255 homes changed hands during April in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties. New homes accounted for 5 percent of sales in the region. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.
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