El Dorado Hills Real Estate Trends
2022 – A Year In Charts
2022 was the year the marketed shifted out of overdrive and into neutral. The difference between the first half of the year and the second half was the reverse of boom the market experienced during the Covid pandemic.
It wasn’t that the number of buyers dropped off, though they did. And it wasn’t that sellers disappeared, though they did. It was the unusual circumstance of both buyers and sellers stepping to the sideline that made the second half of 2022 so unusual.
We all know that that when demand softens, buyers gain the upper hand. An inversely, when supply gets short, sellers have more influence in the market.
What happens when buyers and sellers step to the sideline at the same time?
In the case of the El Dorado Hills real estate market, we got a more equally balanced market between buyers and sellers – albeit one with far fewer transaction.
Home sales fell by 1/3 from 2021 and fell to the lowest level we’ve seen in years
In a balanced market where neither the buyer nor the seller has the upper hand, prices tend to find equilibrium. That’s exactly what has been happening in El Dorado Hills.
The average sales price was almost half-again higher in 2022 than it was just 3 years ago. After all that heady price growth, the gain slowed dramatically in 2022, particularly in the second half of the year.
El Dorado Hills homeowners should be quite pleased with the increase in equity they’ve gained in the past few years
Averages can sometimes be misleading since the very high end of the market can pull average prices up with it – and that certainly has happened in El Dorado Hills. A few years ago a sale above $2 million was unusual. Now we see them ever month!
The media price tends to move more slowly since it measures the middle of the of the market, the price where half of the sales above and below a given price. The media price was also up in 2022 and has experienced a similar climb to average prices since 2019 -,though not quite as big.
The median home sales price in El Dorado Hills is up 39% since 2019
The average price per square foot hit a record high in 2022. Though price per foot will vary by home, by neighborhood, etc., it is a good barometer for the direction of the market in general.
The average price per foot in El Dorado Hills continues to represent a great value for buyers coming from the Bay Area and many other areas around the state and country
The biggest change that sellers are facing as the market has shifted is the length of time it is taking to sell a home.
On average it took a month to sell a home in El Dorado Hills last year. I know that feels like an eternity after watching homes sell in a matter of days for the past year or so. In actuality, it wasn’t too long ago that homes took an average of 2 months to sell!
Buyers are being picky meaning sellers need to be patient
Mirroring the overall market, the luxury home segment in El Dorado Hills saw a significant drop in sales volume last year. This confirms that the market shift does not appear to be demographically or socio-economically isolated.
That said, El Dorado Hills sales over $1.5 million were double the number of 2020 and more than triple the number of 2019.
Luxury homes have become a significant market segment in El Dorado Hills over the past two years
The monthly trend reports shows that luxury home sales in El Dorado Hills started to take off at the end of 2020 and from the Spring of 2021 through the early Summer of 2022 luxury homes sold at an unprecedented rate. Q4 2022 saw luxury sales slow to grind.
Though still to early call a shift, there are more sales over $1.5M already in January than there were in December. This bares watching in the coming months.
2021 and most of 2022 saw the luxury home market take off in El Dorado Hills like never before
What did we miss?
What can we answer for you about the local market or about your home or neighborhood specifically?
Whether you are selling or buying, there are tactics and strategies that will help you to be successful in ANY market conditions – they’re just not the same ones this year as they were last! We’d love to share how YOU can come out ahead in this market!
- 3907 Park Dr Ste 220El Dorado HillsCA95762
- (916) 941-6566
- theyoffies@yoffierealestate.com
4355 Gresham Drive El Dorado Hills
Learn MoreVista del Prato
A Serrano Estate Built for Weekends — 1.48 Acres Across Two Parcels
This 1.48-acre Serrano estate sits on two parcels, and most weekends here start at the pool. A free-form pool winds past a raised spa, a stacked-stone waterfall, a swim-up bar, and a hillside slide.
The lawn is big enough for a wedding tent and has hosted weddings, fundraisers, and plenty of family games of fetch. There's also a bocce court, a sport court, firepit lounges, a dining pavilion, and a full outdoor kitchen. The space works for a party of 150 or a quiet dinner for two.
From the front balcony, you can see the Serrano Country Club clubhouse and the hills beyond it.
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Inside, the kitchen, great room, and primary suite all open onto the backyard. A fifth bedroom has its own bath, closet, and private entrance, so it works as a guest suite, an office, or space for extended family.
The great room has a fireplace under wood beams, sliders that open to the balcony, and a separate door out to the yard. The kitchen has a six-burner cooktop with a griddle, three ovens, a Sub-Zero refrigerator, a large island, a dining bar, and a walk-in pantry.
The primary suite opens to both the backyard and the balcony. Its bathroom has a soaking tub, and there's a custom walk-in closet with its own laundry.
Downstairs is a two-story game room with a second fireplace, a piano lounge, a kids' room, three more bedrooms, and the main laundry room.
The house also has a temperature-controlled wine cellar, whole-home audio, owned solar panels, a backup generator, five-zone HVAC, and smart home controls.
This home is in the gated Serrano Country Club community, zoned for Buckeye Union and Oak Ridge High School. It hasn't been on the market in 14 years, and it already has conditional approval for future expansion — a rare find in El Dorado Hills.
Gallery
A Closer Look
Features List
What Makes This Property Truly Exceptional
Luxury Features
- Designed for true main-level living, with the owner’s suite, executive office, guest accommodations, and primary living spaces all on the ground floor
- Serrano has no shortage of luxury homes. Vista del Prato is the rare luxury estate — set across two separate parcels totaling approximately 1.5 acres
- A scale of flat, usable outdoor space that simply does not exist elsewhere within Serrano
- A modern, open-concept layout anchored by a chef’s kitchen and expansive great room — equally suited for intimate evenings and large-scale entertaining
- True estate-sized grounds that have hosted weddings, fundraisers, and large gatherings, with an expansive lawn, pavilion, pool, spa, firepit lounge, bocce court, sport court, and multiple outdoor living spaces
- Resort-caliber pool with beach entry, cabo shelf, spa, waterfall, slide, poolside bar, LED lighting, and premium Wet Edge finish by Burkett’s
- Elevated front balcony with sweeping 180° views extending from the Serrano clubhouse across rolling, tree-lined hillsides
- Custom millwork, architectural detailing, and recent interior updates — including new paint and carpeting throughout
- Statement Galileo chandelier with integrated lift system in the foyer
- Travertine, Theory wide-plank wood-look ceramic tile, and handcrafted Arto tile flooring
- Temperature-controlled wine cellar
- Three fireplaces positioned throughout the great room, media lounge, and owner’s suite
- HOA conditionally approved plans for substantial future expansion available upon request
Great Room / Kitchen
- Walls of glass frame the grounds and bring natural light into the home
- Chef’s kitchen appointed with newer Sub-Zero refrigeration, three Wolf ovens, Wolf four-burner cooktop with griddle, newer dual KitchenAid dishwashers, warming drawer, leathered granite surfaces, and professional-grade appliances throughout
- Generous island with prep sink and newer trash compactor
- Dining spaces overlooking the pool and mature landscaping
- Built-in custom china cabinet
- Walk-in pantry and butler’s pantry
- Direct connection to the great room, terrace, and outdoor entertaining areas
Owner’s Suite
- Private main-level retreat with direct front terrace and backyard access
- Spa bath with dual vanities, makeup counter, oversized walk-in shower for two, soaking tub with a view, and dual water closets
- Beautiful walk-in closet with custom built-ins, center island with stone top, and integrated laundry
- Fireplace and sitting area create a quiet retreat within the home
Media / Game Room
- New linear gas fireplace with custom Arto tile surround
- Automated Hunter Douglas blinds
- New carpet
Exterior / Backyard
- One of the few true estate properties within Serrano, organized across two separate parcels totaling approximately 1.5 acres
- Expansive flat lawn creates a level of usable outdoor space and separation unmatched within the community
- One parcel organized around the residence, pool, patio, and outdoor living areas; the second dedicated to the open lawn and event-scale grounds
- Outdoor kitchen with gas grill, two beverage refrigerators, dishwasher, garbage/recycling drawers, storage, and abundant bar seating
- Pool and spa with beach entry, cabo shelf, waterfall, slide, poolside bar, LED lighting, and Wet Edge finish by Burkett’s
- New pool in-floor cleaning modules (2025)
- Pool bathroom finished with custom Arto tile and elevated designer detailing
- Firepit lounge pavilion
- Sport court
- Bocce court
- Multiple covered and open-air seating areas positioned throughout the grounds
Systems
- Owned solar array with 60 panels
- 2 water heaters (2020)
- 2 sets of washer/dryers (2023)
- Backup natural gas generator
- Hunter Douglas automated shades
- Whole-home audio and whole-house fan
- Integrated smart home systems controlling climate, lighting, pool/spa functions, security, and garage access
- Lutron smart lighting controls in strategic locations
- Five-zone HVAC system with app-based controls
- Commercial-grade whole-house wireless network
Utilities (Monthly Average)
- PG&E: avg $675/month
- El Dorado Irrigation District (EID): avg $512/month
- El Dorado Disposal: $67/month
- HOA: $446/month
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By The Numbers
Property Details
Main House
| Total Bedrooms | 5 |
|---|---|
| Bathrooms | 5 |
| Square Footage | 5,468 |
| Year Built | 2001 — substantially updated under current stewardship |
| Lot Size | ?1.48 acres · 64,550 sq ft across two parcels |
| Garage | Two 2-car garages (one with RV-height doors) |
Financial
| Offered At | $3,675,000 |
|---|---|
| HOA | $446/month |
| MLS # | 226060465 |
El Dorado Hills, California
Location
4355 Gresham Drive sits within the guard-gated Serrano community of El Dorado Hills, in El Dorado County, California — roughly 30 minutes east of Sacramento, with Folsom Lake and the Sierra foothills close at hand. For current pricing and inventory trends in the area, see the El Dorado Hills real estate market report.
Good To Know
Frequently Asked Questions
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Interested In This Property?
4355 Gresham Drive, El Dorado Hills
Request a private showing or a detailed property package. Jon and Shannon Yoffie of Yoffie Real Estate Group will respond personally.
