Here is the Eldorado Real Estate Report covering the last six months from September 2015 to February 2016. Inventory remains low. If you are considering putting your Eldorado area home on the market in the Spring or Summer, you may want to consider listing it sooner rather than later. Particularly if your property is in the under 300K range where we are starting to see multiple offers.
23 Active Eldorado Properties
9 Homes Went Under Contract
– $191 was the average price per square foot in February. Remember it depends on the size of the house, age, quality of the finishes, views, construction, etc. The larger the house, the lower the price per square foot. This has ranged from $177 – $209 in the last six months.
102 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days.
– 98% is the sales price vs. listing price for February. 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.
– 419K was the average listing price in November. The average sales price was 365K.
– 3.3 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. Eight months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood.
If you would like to discuss current Eldorado market conditions, please feel free to contact me via phone or email.