Here is the monthly Eldorado Real Estate report, covering the last six months from February 2014 through July 2014. After a bit of a slowdown in June, the market is picking up again.
– 76 active listings in July, 15 went under contract and 16 sold.- $169 was the average price per square foot in July. Remember it depends on the size and age of the property and the quality of the finishes. The larger the house, the lower the price per square foot. This has ranged from $149 – $173 over the last six months.
-96 was the average days on the market in July. A nice decrease from the February high of 264 and 156 in June.
– 97% is the sales price vs. listing price for July.This has ranged from 94% – 97% for the six months. This largely depends on sellers pricing their properties near where the home will sell.
– 371K was the average listing price in July.
– 326K was the average sales price.- 4.8 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 signals a healthy real estate market, so Eldorado continues to do well.