Welcome to Eldorado!
Eldorado in Santa Fe, New Mexico, is home to some of the most sought-after real estate properties in the county. My name is Lisa Smith and I am a long-time resident and a realtor in this community. I specialize in listing and selling Eldorado area properties. It is truly a unique community which offers something for everyone: hiking trails, biking, swimming, tennis, basketball, stables, soccer fields, dog park, children’s parks, a 4,000 acre nature preserve and more.
It’s just 20 minutes to the heart of Santa Fe and the art, culture and history our beautiful city offers as well as excellent year-round climate, gorgeous views, clean air and a variety of recreational activities.
There are 2,670 homes on 8,000 acres with about 6,000 residents. Singles, families, artists, couples, sports enthusiasts, writers, historians—you won’t meet a boring person, believe me! Residents have moved here to enjoy the peaceful atmosphere of Santa Fe or just enjoy the beauty and expansive views of Eldorado.
The homes are primarily Pueblo Revival Style with a few Northern New Mexico (pitched metal roof) style mixed in.
The Agora shopping center in Eldorado has restaurants, vet services, hair salon, shops and mail services as well as a beautifully landscaped courtyard. La Tienda across Avenida Vista Grande has tap room, more restaurants, hardware store and boutique shopping.
Dues are an extremely low $525 a year because Santa Fe County maintains the roads. Eldorado also has the top ranked Volunteer Fire Department in New Mexico.
We would not live anywhere else! Please let me know if you have any questions regarding this wonderful community or the real estate properties available in Eldorado.
Eldorado Real Estate Report Dec. 2017 – May 2018
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Gorgeous 12.5 Acre Lot in Lamy, NM
Gorgeous 12.5 acre lot in Lamy, NM
62 Camino Rosa Linda, Lamy
Gorgeous long-range 360 degree mountain views from this 12.5 acre lot 30 minutes from the Santa Fe Plaza. Serene and peaceful area where you can watch the spectacular sunsets and star gaze every night. Easy building site and shared well is already in place. Shopping and restaurants in the Eldorado area are minutes away. Bring your horses!
Eldorado Real Estate Report – Nov 2017 – April 2018
Here is the monthly Eldorado Real Estate Report covering the last six months from November 2017 through April 2018.
**Low inventory means higher prices. ** Two Weeks of Inventory – Lowest on Record!
Listing prices are increasing due to the lack of available homes on the market. Multiple offer situations are back. If you are looking for a home in Eldorado, best to get your financing in place now if you are getting a loan or have your proof of funds ready if you are paying cash. Offers contingent on selling another home are still happening, but your leverage will be decreased.
If you are considering listing later in the year, now may be an ideal time as your competition is low.
In April:
11 Active Eldorado Properties
18 Homes Under Contract
17 Sold
– $194 was the average price per square foot in April. Remember this number depends on a wide range of factors – the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $198 – $218 in the last six months. Some properties sell for as low as $115 and as high as $294.
****55 were the average days on the market last month. *** The Santa Fe MLS has changed the way Days on the Market are reported. No longer are the days counted in which a property is under contract. Which could be 14-65 days typically. Days on the market are stopped the day a seller accepts an offer.
– 98% is the sales price vs. listing price for April. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 97% – 99% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive.
– 423K was the average listing price last month. The average sales price was 410K.
– .06 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Six months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood.
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.
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Such a Santa Fe Story…
Busker hits sour note with police after locking piano to park bench
David Vigil plays his piano on the Plaza on Friday after receiving a citation for securing it to a bench in Cathedral Park with a bike lock. Olivia Harlow/The New Mexican
Stephanie Chavez first noticed the abandoned piano in Cathedral Park when she got to work Monday morning. Covered with a stained canvas dropcloth and chained to a park bench, it was painfully obvious this was no Steinway. “I don’t know what the story is,” Chavez, who works in a jewelry store across the street, said Friday.
It’s not a story so much as it is an only-in-Santa Fe tale.
The piano is at the center of a dispute between its owner and the Santa Fe Police Department, though the discord appeared to have been amicably settled late Friday with a handshake — and the issuance of a citation.
Left in the downtown park on a rickety, homemade dolly with chipped green paint and sagging tires taken from a wheelbarrow, the piano belongs to busker David Vigil, a local musician who also is an artist with a studio on Canyon Road. Though the instrument is somewhat mobile, Vigil had been leaving the piano behind overnight — first on the Plaza and later at nearby Cathedral Park. Vigil, 64, said moving the piano back and forth is difficult, so he figured he could lock it up much like people lock up their bicycles.
When police told him not to leave it on the Plaza, he did so, assuming stashing it at the less-traveled Cathedral Park would be OK. So, Vigil secured the piano to a park bench with a bicycle lock. “I know it’s at my own risk, but I don’t think anyone is going to steal a piano because it weighs so much,” he said.
True enough, perhaps, but police recently installed a lock of their own. “We warned him a couple of times before that he could not do that,” police spokesman Greg Gurulé said.
“It’s considered defacing city property,” Gurulé said. “He continued to do it and so we wanted to cite him. He didn’t come around to be cited, so we locked it in hopes of getting that citation into his hands a little better.”
The maneuver worked.
Officer Joshua McDermott, who says he’s known around downtown as “Officer Smiley,” cited Vigil for wrongful use of public property. “What’s my fine?” Vigil asked when the officer handed him the citation late Friday afternoon. “You’re actually going to go to court,” McDermott responded. “We’re actually going to talk in front of the judge and get it figured out.” “I’m just going to plead guilty,” Vigil said. “I want to make sure you have your time in court,” the officer responded. “I already know what she’s going to do,” Vigil said, referring to Municipal Court Judge Virginia Vigil. “The judge is going to recuse herself because she’s my sister.”
“Oh! There’s a twist!” the grinning officer said before proceeding to help Vigil push the piano across the street toward the Plaza. Along their route, both men posed for pictures. When McDermott wasn’t looking, Vigil playfully stuck his tongue out.
Vigil said he didn’t blame police for coming down on him, adding “they have to deal with a lot of (expletive).” “They’re just wonderful people — and I’m a great liar,” he said, jokingly. “I think they think they’re just doing their job.”
McDermott, often on the downtown beat, said police had received seven complaints about Vigil’s piano. “It’s a violation of the busker’s ordinance and it’s misuse of public property because the park benches are made for people to come sit,” McDermott explained.
Vigil, who also plays the guitar, said he bought the piano for $120 from a local family who, he said, had left it outside for years in their wood yard on Canyon Road.“I’ve been rebuilding it and restoring it,” he said of the piano, which has at least one or two keys that don’t work.
Plaza food vendor Roque Garcia said the police department should leave Vigil alone. “It’s a long ways to take it all the way to Canyon Road,” Garcia said. “They should let him. He’s not doing anything wrong. He’s a regular, born and raised here in Santa Fe.”
Vigil, who rolled the piano down to the Plaza from his studio on Canyon Road about a week ago, said he’ll try to find private property in the downtown area to store the piano. Ideally, he said, he would want a golf cart to pull it back and forth.
“I’ll figure something out,” he said. “Santa Fe is a big small town.”
Eldorado Real Estate Report – Oct. 2017 – March 2018
15 Homes Under Contract
21 Sold
****************As of today, there are only 10 homes currently on the market in Eldorado.**********
– $184 was the average price per square foot in March. Remember this number depends on a wide range of factors – the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $159 – $211 in the last six months. Some properties sell for as low as $115 and as high as $294.
****46 were the average days on the market last month. *** The Santa Fe MLS has changed the way Days on the Market are reported. No longer are the days counted in which a property is under contract, which could be 14-65 days typically. Days on the market are stopped the day a seller accepts an offer.
– 98% is the sales price vs. listing price for March. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 97% – 99% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive.
– 459K was the average listing price last month. The average sales price was 394K.
– 1 month of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Six months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood. In the 14 years I have been a Realtor, I have never seen lower inventory.
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.
Number of Homes For Sale vs. Sold vs. Pended (Oct. 2017 – Mar. 2018)
Average Price per SQFT (Sold) (Oct. 2017 – Mar. 2018)
Avg Days On Market & Sold/List Price % (Oct. 2017 – Mar. 2018)
Average Price of For Sale and Sold (Oct. 2017 – Mar. 2018)
Months of Inventory Based on Closed Sales (Oct. 2017 – Mar. 2018)
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 Chart *All reports are published April 2018, based on data available at the end of March 2018. 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.
Santa Fe Home Prices Surge
Falling inventory is a concern as the spring selling season gets underway, said Kurt Hill, association president. The number of homes of all types listed for sale in the city and Santa Fe County at the end of March dropped to 953, down from 1,254 at the end of December and 1,391 in March 2017, the group’s quarterly reports show. That number has steadily declined from nearly 4,000 in mid-2008.
“My biggest concern is inventory. We have built very little since 2008,” Hill said Wednesday. “We can’t help but see prices go up without building.”
Housing affordability continued to decline, the association said. In the first quarter, the median household income in the Santa Fe area was 85 percent of what is necessary to qualify a buyer for a median-priced home under current interest rates. The affordability index was 90 percent one year ago, according to the association.
Hill said demand for affordable housing is increasing as employers such as Meow Wolf and Presbyterian Healthcare Services, among others, bring new workers to the city. On the other hand, the conversation around affordable housing in Santa Fe is becoming more urgent and involves more sectors of the community, he said.
“We’re going to get to a critical situation soon unless we have some bust in the dam,” he said. “What that is, I don’t know.”
The $360,000 median price of a single-family home sold in Santa Fe during the first three months of this year was 11.6 percent higher than the first quarter of 2017, according to the data released Wednesday. The median was 10.8 percent above the fourth quarter 2017 median, $325,000, the data showed.
In Santa Fe County, the first-quarter median sales price rose 7.9 percent to $441,685 over the first quarter of 2017. However, it fell 13.2 percent from the fourth-quarter median, $508,750.
In the city, 225 single-family homes were sold in the first quarter, 19 more than sold in the same period last year. In the county, 158 homes were sold, seven more than first quarter 2017, according to the Realtors association.
Homes of all types in the city and county spent less time on the market, an average 90 days, than the same period in 2017, an average 140 days. That number has declined steadily from a high of 220 days in first quarter 2012, according to the association report.
Eldorado Real Estate Report – Sept. 2017 – Feb. 2018
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Eldorado Real Estate Report – Aug. 2017 – Jan. 2018
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