LOS ANGELES — California home sales ended the year with the largest yearly increase since June 2021, but the housing market remained a work in progress in December, the California Association of Realtors recently reported. Closed escrow sales of existing, singlefamily detached homes in California totaled a seasonally adjusted annualized rate of 268,180 in December, according to information collected by CAR from more than 90 local Realtor associations and MLSs statewide. The statewide annualized sales gure represents what would be the total number of homes sold during 2024 if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically in uence home sales. December’s sales pace was essentially unchanged from the 267,800 homes sold in November but was up 19.8% from a year ago, when a revised 223,940 homes
California housing market closes the year strong despite challenges
were sold on an annualized basis. Despite a double-digit annual growth rate, sales of existing single-family homes remained below the pre-COVID norm of 400,000 units (seasonally adjusted and annualized). The strong year-over-year gain observed in December was largely due to lowbase e ects once again, as home sales in December 2023 dropped to their lowest level since late 2007. Nonetheless, the increases from the prior year and the prior month were encouraging, li ing sales of the entire year modestly above 2023’s level. Sales of existing singlefamily homes in 2024 totaled 269,030, a 4.3% improvement from the year prior, marking the rst gain in three years.
“California’s housing market ended the year with a positive note with home sales reaching the highest level in ve months,” said 2025 CAR President Heather Ozur, a Palm Springs Realtor. “With mortgage rates remaining at their highest level since early July and devastating wild res taking
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Home sales in California ticked up in December but the market is expected to slow down this month, largely due to the Southern California res.
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a toll on the Southern California housing market, we’ll likely have a slow start for the year, but demand should pick up once we enter the spring homebuying season.”
The December statewide median price posted a modest monthly uptick and continued to climb on a year-overyear basis for the 18th straight month. The December median price ticked up 1% from $852,880 in November to $861,020 in December and was up 5% from a revised $819,820 in December 2023. The acceleration in price growth is an indication that further price gain could still be observed in the coming months. Home prices are expected to moderate further in the next couple of months if they follow the seasonal trend but should continue to grow yearover-year by low single digits in the rst quarter of 2025 before the spring homebuying season kicks o .
Sales in higher-priced market segments continued to have an e ect on the overall price growth, but the impact on the statewide median price growth has tapered in recent months. While the impact on the statewide median price
gain has moderated in recent months, a solid increase in high-end home sales in December was still a contributing factor for the rise in the California median sales price. The year-over-year growth in sales for the $1 million-and-higher price segment maintained a double-digit gain of 28.7% last month, while sales in the sub-$500,000 market dipped by 0.4% in December. The median price growth will likely maintain its moderate pace at the start of the year if the highend segments continue to exhibit solid growth through the rst quarter.
“As projected, both sales and price activity were up modestly in 2024 as California wrapped up the year with a double-digit sales gain over last December,” said CAR Senior Vice President and Chief Economist Jordan Levine. “While the housing market is expected to improve further in 2025, stickier-than-expected in ation, the ongoing insurance crisis and policy changes under the new White House administration are some of the hurdles that could present challenges for the
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Other key points from CAR’s December 2024 resale housing report include:
• At the regional level home sales in all major regions improved from a year ago by more than ve%, with four of the ve regions in California experiencing an increase from their year-ago levels by double digits. The Central Coast region posted the biggest year-over-year jump last month with a 20.5% sales surge, followed by Southern California (16.3%), the Central Valley (15.1%) and the San Francisco Bay Area (14.6%).
Following closely behind were Glenn (20.2%) and Santa Cruz (19.5%). Eleven counties recorded a median price decline from a year ago, with Mono falling the most at 43%, followed by Del Norte (-21%) and Mendocino (-15.3%).
• The statewide Unsold Inventory Index, which measures the number of months needed to sell the supply of homes on the market at the current sales rate, decreased month-over-month but edged up from a year ago. The index was 2.7 months in December, down from 3.3 months in November but up from 2.6 months in December 2023.
Sales of existing single-family homes also increased from the same month of last year in the Far North (6.3%), but its growth rate was more moderate compared to the other regions. As Southern California has been impacted by several wild res at the start of the year, market activity in this region will likely slow in the next couple of months but could gradually pick up once the spring homebuying season begins.
• Forty-two of the 53 counties tracked by CAR recorded a sales increase from a year ago, with 34 of them surging by more than 10% on a year-over-year basis. Mendocino (76.0%) posted the biggest yearly sales gain, followed by Del Norte (50.0%) and Napa (49%). Home sales decreased from last year in 10 counties, with all of them falling by more than 10%. Lassen (-59.1%) experienced the sharpest decline in December, followed by Plumas (-47.1%) and Kings (-32.4%).
• At the regional level, all ve major regions in California experienced annual median price increases from a year ago in December. Southern California posted the biggest increase from a year ago at a jump of 7.6%, followed by the Central Valley (6.5%). The Central Coast (1.6%), the San Francisco Bay Area (1.5%) and the Far North (1.4%) all recorded a year-over-year price gain in December, but at a more modest pace.
• Home prices increased on a yearover-year basis in more than threefourths of the counties in California, with December’s median sales prices rising from their year-ago levels in 42 of the 53 counties monitored by CAR Imperial (21%) posted the biggest price growth of all counties last month.
With market activity likely to slow in the coming months as mortgage rates spike back up to the highest levels in months, housing inventory at the statewide level could inch up further in the rst quarter. Southern California, on the other hand, could experience some adverse e ects on supply in the next few months due to the devastating wild res but could see some improvement in the second half of 2025.
• At the county level, the number of properties on the market increased from a year ago in all but six counties in December. Contra Costa (89.8%) had the biggest year-over-year jump, followed by Alameda (80.4%) and Calaveras (73%). Of the six counties that did not record an increase in total active listings on a year-over-year basis, San Mateo (-21%) had the biggest decline. It was followed closely by San Benito (-20.5%) and then Lassen (-13.6%).
Together they were the only three counties with a double-digit decline in for-sale properties from their year ago levels in December.
• The median number of days it took to sell a California single-family home was 31 days in December, up from 26 days in December 2023.
• CAR’s statewide sales-price-to-listprice ratio was 98.7% in December 2024 and 99% in December 2023.
• The statewide median price per square foot for an existing single-family home was $413, up from $397 in December a year ago.
• The 30-year, xed-mortgage interest rate averaged 6.72% in December, down from 6.82% in December 2023, according to CAR’s calculations based on Freddie Mac’s weekly mortgage survey data.
Find out how much your home is really worth in today’s market!
OPEN HOUSE DIRECTORY
Saturday, January 25,
12-3 1662 STONECREST ROAD, PLACERVILLE
$610,000
4 BR 3.5 BA on .81 acre is conveniently located minutes from Main Street, Apple Hill, many wineries, and a short drive to South Lake Tahoe. Main level includes dining and living room with vaulted knotty pine ceilings and views out into the woods on the property, a primary retreat with updated spa-like ensuite with jetted tub, separate shower, double vanity, walk-in closet, & access to the expansive backyard Trex deck and serene sunset views, JR suite with direct access to hall bathroom and view of the pines, 3rd bedroom, and additional half bathroom. Cozy up by the woodstove or enjoy the country style eatin kitchen, complete with an island, pantry, Kitchen Aid SS appliances, and granite countertops. Ample storage throughout, and laundry hookups on both the main level and downstairs. Venture downstairs to the lower-level 4th bedroom and another full bathroom, ideal for multi-generational living, hosting guests, home of ce, or simply enjoying the large bonus/media room with wet bar and separate ground oor entrance. RE/MAX GOLD • MARY GREBITUS (916) 342-1282
12-2
4900 DELOS LANE, PLACERVILLE
$500,000
Beautiful equestrian property on 10 acres, complete with 3 stall barn & fenced pasture. Property backs to approximately 300 acres of BLM land. Single story home features 3 bedrooms and 2 full bathrooms with spacious living room, dining area and large kitchen with corian countertops, island, dishwasher, pantry cabinet, and dining bar. Wood ooring throughout main areas of home and laminate ooring in bedrooms. Attached 2 car garage converted to storage area. Indoor laundry room and additional storage room. Covered rear deck and uncovered deck at front. Detached ADU with kitchen, living room, 2 bedrooms and full bathroom. 2 car garage attached to ADU.
CALI HOMES • CALLIE MIRSKY (916) 813-8583
11-2 5350-5352 BANBURY
CROSS, SHINGLE SPRINGS
$2,000,000
Beautiful equestrian property on 10 acres, complete with 3 stall barn & fenced pasture. PSecluded hilltop estate on 40 acres with detached ADU, owned solar & brand new heated, saltwater pool with landscaping & far-reaching views. Custom-built Craftsman style home. Covered front porch leads to formal entry & living room with large windows, wood burning replace & elegant wet bar. Kitchen features new Hickory butcher block island, granite counters with subway tile backsplash, cherry cabinets & SS appliances. Primary suite on main level with large walk-in closet, outside access & attached bath with jetted tub, shower & dual sinks. Additional bed & half bath on main level. Head upstairs to 3 more beds, 2 baths and cozy living area with balcony. Gently rolling, usable acreage with 2 mile trail around property. Perfect for animals &/or all the toys. Great location just 12 min from Hwy 50, 20 min to El Dorado Hills & 1 hour to Tahoe.
CALI HOMES • CALLIE MIRSKY (916) 813-8583
Sunday, January 26, 2025
1-3 1012 BRIDGEVIEW DRIVE, PLACERVILLE
$600,000
Beautifully updated single story on over an acre just minutes from town and HWY 50. Oversized additional room with full bath downstairs perfect game room or separate living with private entrance. Home features custom tile ooring throughout main levels with carpet in bedrooms. Bathrooms are updated with tile and granite vanities. Kitchen features granite tile counter tops and updated appliances, including stainless steel freestanding refrigerator. Great room concept with expansive family room with cozy wood burning replace. Brand new trex decking out back and leading to peaceful courtyard/barbecue area perfect for entertaining. Detached 2 car garage and separate storage shed.
CALI HOMES • CALLIE MIRSKY (916) 813-8583
12-2 2895 KNOLLWOOD DR, CAMERON PARK
$665,000
Move in Ready! Welcome home to this lovely 4 bedroom, 2.5 bath home with an attached 2 car garage plus detached shed & room for boat or small RV, large pad for additional parking. It has been freshly painted inside, the carpets have been cleaned, the housekeepers have given it their special attention so all you need to do is bring your holiday gifts, send out the house warming invites and move in! The newer roof, and Cal Fire Clearance make this home a snap to insure.
CENTURY 21 SELECT • SALLY LONG JOHNS (530) 306-0821
Honey Stop the Car! This is an entertainers dream home! This beautiful waterfront home is located on the North Fork of the Cosumnes Riverand has a stunning view. This is a one-ofa-kind custom home with approximately 2,232 sq ft, 3 to 4 bedroom, 2 bathrooms, with a 3 car garage that has an additional 1/2 bathroom. The home boasts a spacious open floor plan with beautiful open beam knotty pine cathedral ceilings in the living room and primary bedroom, and a formal dining area near the kitchen. The living room and office has solid wood floors that were just professionally refinished by Hangtown Hardwood. The kitchen has a garden window that has a view of the river below. The extra deep and wide 3 car garage has three large closets for additional storage. There is a large covered deck and two additional uncovered decks off the primary and living rooms with a spectacular view of the river below. Two newer hot water heaters were installed this year. The home also has owned solar!
(Note: this home has been virtually staged)
HOUSE Saturday, Jan. 25 • 12-3
1662 Stonecrest Road, Placerville | $610,000
Nestled among the pines, in a highly desirable neighborhood near the heart of Placerville, this 4 BR 3.5 BA on .81 acre is conveniently located minutes from Main Street, Apple Hill, many wineries, and a short drive to South Lake Tahoe. Main level includes dining and living room with vaulted knotty pine ceilings and views out into the woods on the property, a primary retreat with updated spa-like ensuite with jetted tub, separate shower, double vanity, walk-in closet, & access to the expansive backyard Trex deck and serene sunset views, JR suite with direct access to hall bathroom and view of the pines, 3rd bedroom, and additional half bathroom. Cozy up by the woodstove or enjoy the country style eat-in kitchen, complete with an island, pantry, Kitchen Aid SS appliances, and granite countertops. Ample storage throughout, and laundry hookups on both the main level and downstairs. Venture downstairs to the lower-level 4th bedroom and another full bathroom, ideal for multi-generational living, hosting guests, home office, or simply enjoying the large bonus/media room with wet bar and separate ground floor entrance. This home will not disappoint!!
MLS 224111104
is extraordinary custom home is a rare nd just 3.5 miles from downtown Placerville. With every turn, this gated sanctuary o ers a unique blend of grandeur, privacy & natural beauty. dual sinks, double ovens & a versatile center island, all framed by panoramic vistas of the Sierra own vineyard. e great room, with its soaring 12- vaulted, wood-beamed ceilings & wood-burning stunning centerpiece o ering breathtaking mountain views through oversized windows. o ers an intimate setting w/captivating sunset, vineyard & mountain views. Retreat to the primary nd an ensuite bath featuring a luxurious 6-foot jacuzzi tub, & a private balcony w/sweeping American River Canyon. e property also includes the Elenridge Vineyard, known for & Viognier grapes, a favorite among local vintners. A well-equipped 50x35 . shop w/vineyard enhances the o ering. Host weddings, creative retreats, or exclusive events amidst this estate o ers a lifestyle unlike any other, where each day begins w/sunrises & ends with sunsets.
$2,500,000
YouR Guide to PRoPeRtY listinGs
YOURGUIDETO PROPERTY LISTINGS
You may also find it helpful to browse listings by the type of real estate you are interested in buying. To find the geographic location, look at the classification heading and locate the matching zone number on the El Dorado County Map.
You may also find it helpful to browse listings by the type of real estate you are interested in buying. To find the geographic location, look at the classification heading, and locate the matching zone number on the El Dorado County Map.
To find property by geographic location, use the following reference table. Each category is separated by the zone number, type of real estate, and location in El Dorado County.
TABLEOFCONTENTS
by type of listing
Residential Homes
Mobile Homes in Parks
Vacant Land
12601 Greater Cameron Park
12602 El Dorado Hills
12601 Greater Cameron Park
12603 Shingle Springs
12602 El Dorado Hills
12604 Rescue, Luneman
12603 Shingle Springs
12605 Latrobe, Shingle Springs South
12701 Greater Placerville
12604 Rescue, Luneman
12702 El Dorado, Diamond Springs
12605 Latrobe, Shingle Springs South
12703 Pleasant Valley, Placerville South
12701 Greater Placerville
12704 Somerset, Mt. Aukum, South County
12702 El Dorado, Diamond Springs
12705 Coloma, Lotus
12706 Greenstone, Gold Hill West
12703 Pleasant Valley, Placerville South
12707 Mosquito, Swansboro
12704 Somerset, Mt. Aukum, South County
Residential Homes
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Page 25-26
Page 26-27
Information contained in Home Source MLS Listings are accessed each week, neither Home Source, Mt Democrat or McNaugthon Media /Publishing nor its authors guarantees the accuracy or completeness of any information published herein. Home Source, Mt Democrat or McNaugthon Media nor its authors shall be responsible for any errors, omissions, or claims for damages, including exemplary damages, arising out of use, or with regard to the accuracy or sufficiency of the information contained in Home Source. All rights reserved.
All properties are listed by price, address, acreage, listing number, and the Realtor’s office number. If you would like more information about a property, call the relevant office number for that listing.
12601 Residential Homes Greater Cameron Park
To find a property by geographic location, use the following reference table. Each category is separated by the zone number, type of real estate, and location in El Dorado County. Properties are sorted by price, in ascending value.
by the Department of Business Oversight under the California Finance Lenders law - #6073455. CA Department of Business Oversight - 866-275-2677. California - Bureau of Real Estate Branch Of ce License Endorsement #00988341 1-2025
160± acres in 5 separate parcels
$3,000,000
Once in a lifetime opportunity to own all or a part of the historic Shinn Ranch. Awesome Estate quality Land, 160 acres +- in 5 separate parcels are being sold as one. Sellers are in the middle of a boundary line adjustment and will soon list the land in 5 separate large parcels. Gorgeous large Country Homes surround this property. Minutes to Highway 50, and the Historic towns of Diamond Springs and Placerville. Fish in your own private stocked pond and be amazed at the wildlife that surrounds you. It currently has an approved tentative map for 141 parcels that expires in June 2024. It would be fantastic as an equestrian ranch, family compound, or a vineyard with Ranch Marketing. 1880’s Home is included in the purchase price. There is also a 3 inch Ag. meter. Locked gates, please do not trespass. Don’t miss out on this remarkable property.
