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Copeland
Real Estate, LLC
Jim Copeland, Broker
(530) 626-3943 Office
(530) 306-9625 Cell
Email Jim |
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Start
your real estate search here. Listings are updated
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Welcome
to one of the prettiest "quality of life" rural small town areas in the entire country...Placerville and El Dorado County. This is the heart of "gold country" at its best with mountains, rivers, vineyards, forests, lots of open space and excellent recreation. Placerville, the county seat, is only a few hours east of San Francisco; so driving to the ocean is always an option. At the same time, it is an easy drive west to Sacramento and a short drive to the east to gorgeous Lake Tahoe for skiing and wonderful wilderness hiking areas. This is the place to raise a family or retire with four moderate seasons. People are friendly here and the pace of life is a little slower.
Our listings are updated every day. Sign up for free New Listing Notifications and I'll send you immediate e-mails of any newly listed properties that meet your criteria. Rest assured that we would never pressure you in any way.
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 Market Update 8/27/10:
The inventory of available homes for sale in Sacramento, Yolo, Placer and El Dorado Counties has increased during the last six months as foreclosure activity continues. “Flip” investors with cash are snapping up homes between $90,000 and $250,000. This, combined with the removal of the federal homebuyer tax credit, has resulted in first-time VA and FHA buyers being unable to complete with cash buyers in the under-$250,000 range. There are also numerous “short sales” on the market. Out of 9,000 homes and condos on the market during July 2010, 2,000 sold at 93% of their list price. The average sales price was $230,000. The inventory of unsold homes has increased in the last six months.
The market for lots and acreage parcels is stagnant with a decline in available inventory, primarily because people have pulled their land off the market in the hopes that prices will improve. There were 1,897 listings in July 2010, of which only 80 sold. There is a 24-month inventory of unsold land and the sales are being made at 12% less than the list prices.
MY CRYSTAL BALL: No solid real estate recovery for 3-5 years, due to the lack of clear and positive leadership on the federal and state levels. High taxes will retard the recovery and business investment. People will buy smaller, less expensive homes without the frills and with features that will save energy, allow for home gardens, and other cost saving features. People will return to a more frugal lifestyle out of necessity, will save more, spend less and borrow less. The crazy days of the 80’s and 90’s are over. There will be opportunities in real estate, but they must be carefully chosen.
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