Amador County - Yet another grim statistic shows the dire condition of the local housing market. October marks the first month since April of 2002 that median home prices for new and existing homes combined dropped below 200,000 dollars in the Sacramento region, according to Dataquick statistics released Wednesday. Dataquick is a statistics company focused on real property and land data. Amador County’s median home prices dropped to 250,000, down 27.5 percent from the same month in 2007. Prices have fallen 41.2 percent from a May high of 425,000 dollars. Sacramento, Yuba and Placer County home prices are below 200,000. El Dorado County’s 388,000 median is down 7.1 percent from a year ago. El Dorado county's sales prices have slipped 27 percent from their March 2006 peak of 531,000. DataQuick reported 4,210 homes changed hands in Amador, El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties. That was down slightly from 4,369 sales in September. The bright side to the massive decline is that prices fueled another strong month of home sales throughout the region. Bank repos still account for the majority of home purchases. Story by Alex Lane (This email address is being protected from spambots. You need JavaScript enabled to view it.).
Thursday, 20 November 2008 23:54
Another Grim Statistic
Amador County - Yet another grim statistic shows the dire condition of the local housing market. October marks the first month since April of 2002 that median home prices for new and existing homes combined dropped below 200,000 dollars in the Sacramento region, according to Dataquick statistics released Wednesday. Dataquick is a statistics company focused on real property and land data. Amador County’s median home prices dropped to 250,000, down 27.5 percent from the same month in 2007. Prices have fallen 41.2 percent from a May high of 425,000 dollars. Sacramento, Yuba and Placer County home prices are below 200,000. El Dorado County’s 388,000 median is down 7.1 percent from a year ago. El Dorado county's sales prices have slipped 27 percent from their March 2006 peak of 531,000. DataQuick reported 4,210 homes changed hands in Amador, El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties. That was down slightly from 4,369 sales in September. The bright side to the massive decline is that prices fueled another strong month of home sales throughout the region. Bank repos still account for the majority of home purchases. Story by Alex Lane (This email address is being protected from spambots. You need JavaScript enabled to view it.).
