Eldorado Real Estate Market Report

Having lived in Eldorado for 13 years, I know the market well and have listed and sold here for 7 years.  I will be updating the Eldorado Real Estate Market Report monthly with statistics on sales vs. list prices, days on the market and average sales prices.  Enjoy!  And please let me know if you have any questions or need any additional information. 

Below is the year-end real estate report for Eldorado. Activity remains steady, particularly for this time of year.
 
 - 47 active listings which is about half of what it was in August. What is interesting is that pendings and solds are still strong with 10 each.
 
 - $168 was the average price per square foot for December, but remember it depends on the size of the house, the larger the house, the lower the price per square foot.

 -153 were the average days on the market. Sellers continue to price properties more aggressively and they are getting them sold more quickly. About 100 days less than last January.
 
95% is the sales price vs. listing price for December . This has ranged from 94% – 96% for the last 3 years.

 - 368K is the average listing price for December, a little less than November.
 - 313K is the average sales price, which is down, but it means less expensive houses sold.

 4.7 months of inventory which means the length of time it would take to sell all the homes listed at the current rate of sales. In February of this year is was 32 months!! Eight months is a healthy neighborhood, so Eldorado remains an in-demand neighborhood.

*** Publisher’s Note ***:
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs:
Show charts

 
Below is the real estate activity for the last 6 months in Eldorado. (June- November 2011).  Activity remains steady, particularly for this time of year.
 
 - 56 active listings which is the lowest in since March 2010 (53 active listings), of those 12 went under contract (double the amount for last November)  in October and 8 sold/closed. 
 - $159 was the average price per square foot, which is on the low side, but remember it depends on the size of the house, the larger the house, the lower the price per square foot. This has remained the same for the last 3 months.
 -173 were the average days on the market, up from 99 last month. Sellers continue to price properties more aggressively and they are getting them sold more quickly. Last June it was 246 days.
 -94% is the sales price vs. listing price. This has ranged from 94% – 96% for the last 3 years.
 - 354K is the average listing price
 - 329K is the average sales price, which is down, but it means less expensive houses sold.
 - 7 months of inventory which means the length of time it would take to sell all the homes listed at the current rate of sales. In February of this year is was 32 months!! Eight months is a healthy neighborhood.

	1 month			6 months
	Oct 11	Nov 11	% Change	June 11	Nov 11	% Change
For Sale	68	56	-17.6%	80	56	-30%
Sold	14	8	-42.9%	8	8	0%
Pended	9	12	33.3%	8	12	50%

	1 month			6 months
	Oct 11	Nov 11	% Change	June 11	Nov 11	% Change
Avg. Sq. Ft. Price	159	159	0%	169	159	-5.9%

	1 month			6 months
	Oct 11	Nov 11	% Change	June 11	Nov 11	% Change
Avg. Days on Market	99	173	74.7%	246	173	-29.7%
Sold/List Diff. %	94	94	0%	96	94	-2.1%

	1 month			6 months
	Oct 11	Nov 11	% Change	June 11	Nov 11	% Change
Avg. Active Price	364	354	-2.7%	393	354	-9.9%
Avg. Sold Price	302	329	8.9%	301	329	9.3%

	1 month			6 months
	Oct 11	Nov 11	% Change	June 11	Nov 11	% Change
Months of Inventory (Closed Sales)	4.9	7	42.9%	10	7	-30%

Below is the real estate activity for the last 6 months in Eldorado. (March – August 2011). Things are still looking up!
 
 - 84 Active listings which is relatively unchanged over the last 4 months.
    of those, 16 went under contract in August (a 23% increase over July!) and 5 sold/closed.
 - $178 was the average price per square foot, which is holding pretty steady, but remember it depends on the size of the house, the
     larger the house, the lower the price per square foot.
 - 207 was the average days on the market, up from 145 last month. Sellers continue to price properties more aggressively and they are getting them sold more quickly. In June it was 246 days.
 - 376K is the average listing price
 - 304K is the average sales price, which is down, but it means less expensive houses sold.
 - 16 months of inventory which means the length of time it would take to sell all the homes listed at the current rate of sales. In February of this year is was 32 months!!

If you would like more information, please email me or give me a call.*** Publisher’s Note ***:
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs:
Show charts

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

TrendVisionTM
Published Aug. 2011
Location : Eldorado Subdivision (area 14)
Average Home Sold Price per SQFT    (Feb. 2011 - Jul. 2011)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop		Prepared for you by: Lisa Smith
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

TrendVisionTM
Published Aug. 2011
Location : Eldorado Subdivision (area 14)
Avg DOM & SP/LP %    (Feb. 2011 - Jul. 2011)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop		Prepared for you by: Lisa Smith
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

TrendVisionTM
Published Aug. 2011
Location : Eldorado Subdivision (area 14)
Avg Price For Sale & Sold    (Feb. 2011 - Jul. 2011)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop		Prepared for you by: Lisa Smith
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

TrendVisionTM
Published Aug. 2011
Location : Eldorado Subdivision (area 14)
Months of Inventory based on Closed Sales    (Feb. 2011 - Jul. 2011)
Price Range: $0 – No Limit
SQFT Range: 0 – No Limit
All Residential Prop		Prepared for you by: Lisa Smith
Bedrooms: 0 – No Limit
Full Bathrooms: 0 – No Limit
Half Bathrooms: 0 – No Limit
Year Built: 0 – No Limit

All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Eight months of inventory signals a healthy real estate environment, so Eldorado is still doing well at the moment.