Home builders have an advantage in a rising rate environment because they can always “buy down” the mortgage rates with their in house lenders. Based on the housing stock, population density, and the proximity of amenities of the area. With 42,598 people, 15,180 houses or apartments, and a median cost of homes of $734,488, real estate costs in El Dorado Hills are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities. READ THE 2020 REAL ESTATE MARKET OUTLOOK! Rent. The Months of Inventory based on Closed Sales is 2.7, up 42.9% of the prior year. In our opinion, new home builders pose the greatest threat to resale pricing in 2019. Builders are already offering generous incentives to entice buyers. Community. The number of sold listings decreased 25% year over year and dropped 19.5% month over month. By Jim Barnes RE/MAX GOLD. All real estate listing information has been provided by seller/other sources and has not been verified by broker. Housing. B-Based on home values, property taxes, housing costs, local schools, and more. Biggest Home Loan Sale Ever. 12%. No one can predict how rates will behave, but if demand for mortgage money increases or the yield on the ten-year bond goes up, we will see a spike in rates that will impact homes sales. EL DORADO HILLS REAL ESTATE MARKET SNAPSHOT. El Dorado Hills is a decidedly white-collar town, with fully 93.03% of the workforce employed in white-collar jobs, well above the national average. © -. Please. Search homes for sale in El Dorado Hills, CA for free. Sponsored Mortgage Options for El Dorado Hills. Own. The pending sales rate for Serrano homes under $1,000,000 has caught up with the rest of the market in El Dorado Hills. Niche requires Javascript to work correctly. Short sale listings require bank or lender approvals. The pool of buyers who can afford housing in our area has been on the decline according to the California Association of Realtors. Homes for sale in El Dorado Hills, CA have a median listing price of $734,500. Each RE/MAX office is independently owned and operated. We have grown accustomed to most of the new construction occurring south of highway 50 however builders are poised to introduce hundreds of new homes in and around established neighborhoods all around El Dorado Hills. $0 Lender Fee on Home Loans Limited Time Only. The longer a listing stays on the market, the fewer buyers that will value it and ultimately result in lower offers. Get a quote today. El Dorado Hills, CA Real Estate Trends. June 26, 2020. Our local real estate market peaked last July and year over year sales have been declining ever since. Outward migration from the Bay Area continues to represent a vital home buyer segment; however, sales there have slowed significantly causing homes to stay on the market longer causing sellers to fine-tune pricing. All measurements and all calculations of area (i.e., Sq. All. There are many additional borrowing options available. The median rent price in El Dorado Hills is $1,911 and most residents own their homes. Based on home values, property taxes, housing costs, local schools, and more. UPDATED! Low interest rates. View El Dorado Hills Residential Development Plans, Lic #02032166. Rent vs. Own. Area Feel. With significantly fewer homes than normal being added to the MLS, those homes that are available for sale have been selling quickly, particularly as buyer demand has begun to rise. We have a reasonably balanced market right now based on the current rate of pending sales vs. unsold listings. Fees that Niche receives for ads do not affect the terms you may be offered by the lender you choose. Affordability of Living in El Dorado Hills, CA. Buyers are passing by functionally obsolescent and or incorrectly priced homes. Connie Barnes supports equal housing opportunities. See Maps, Photos, and More. El Dorado Hills real estate 2019: A mixed bag so far We have a reasonably balanced market right now based on the current rate of pending sales vs. unsold listings. View all 2 listings available in El Dorado Hills with an average price of $847,500. Learn about the El Dorado Hills, CA housing market through trends and averages. Find the loan that matches your financial goals with no hidden fees, fast financing, and unprecedented service. 88%. Niche is not a lender and does not endorse the products of these advertisers. The bad news is that January sales in El Dorado Hills overall are down 25% year over year. High priced metro areas in Southern California are also seeing slower sales rates as compared to one year ago as the pool of home buyers that can afford current levels are shrinking. Based on the housing stock, population density, and the proximity of amenities of the area. El Dorado Hills Real Estate market snapshot 7/6/2020, EL DORADO HILLS REAL ESTATE MARKET SNAPSHOT, 765 Candlewood Dr. Blacksone El Dorado Hills 1,025,000 SOLD, 805 Candlewood Dr El Dorado Hills SOLD $1049,000, California Association of Realtors Market Update, El Dorado Hills Real Estate Market Summary Feb 2020, 3537 Milford Cir. It’s more important than ever that sellers price their homes accurately in this current market. You’ve seen the earth movers all around El Dorado Hills, and framing is already visible in some locations. All interested persons should independently verify the accuracy of all information. The good news is that mortgage rates have remained tame and have even declined slightly partly due to the lack of demand for mortgage money. Homes are typically worth $256/sqft. Bridlewood Canyon | SOLD $626,500, 5153 Garlenda Dr., Serrano El Dorado Hills SOLD $644,000, 5035 Crail Way Serrano El Dorado Hills SOLD $920,000, 5020 Tesoro Way Serrano El Dorado Hills SOLD $787,100, 3609 Devon Way Bridlewood Canyon SOLD $570,000. El Dorado Hills Real Estate Market. Serving El Dorado Hills, Cameron Park, Folsom, Gold River, Granite Bay, Loomis, Meadow Vista, Rancho Murieta, Rocklin, Roseville, Serrano El Dorado, Shingle Springs, Four Seasons. Serrano Absorption rates are beginning to swing back into favorable territory which is good news. Rural. New Serrano villages, Hawkview at Bass Lake Hills, Saratoga, Bell Woods are just a few of the new subdivisions that have broken ground. The days of the Bay Area home buyer aggressively bidding on homes in our area has passed. Homes in El Dorado Hills have a median value of $610,900. Springtime is prime time for real estate, and that’s when we usually see more homes come to market giving buyers more choices in the market place. There are 422 active homes for sale in El Dorado Hills, CA, which spend an average of 48 days on the market. Ft. and Acreage) are approximate. Competition between home builders and a leveling off of demand all have the potential to put pressure on resale pricing. Sold Properties; Address Beds Baths Living ft 2 List Price Sold Price Cost per ft 2 Sold Date; 2738 King Edward Drive: 3: 2: 1,476: $550,000: $529,000: $358: 9/11/20: 9504 Pamela Street Niche may be compensated by the third party lenders and others who place ads on the website. Buyers are passing by functionally obsolescent and or incorrectly priced homes. El Dorado Hills is not particularly walkable, but there are a lot of parks nearby. 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