Eldorado Real Estate Report – Sept. 2023 – Feb. 2024
54 – were the average days on the market in February. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from17 days to 54 days in the last six months.
96% – is the average of what sellers received on their listing price. This is based on the original price of the property, not the reduced price. This has ranged from 96% – 99% in the last six months.
952K – average listing price. This number is unusually high due to two Eldorado properties listed at over 1.2M and another listed at 995K, with only six on the market.
672K – average sold price
0.6 Months of Inventory – about three weeks. Months of inventory means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Historically, a six-month supply is associated with moderate price appreciation, lower levels keep prices up.
If you would like to discuss the current state of the Eldorado market or have questions about this wonderful neighborhood, please don’t hesitate to contact me.
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