Eldorado Market Report – February – July 2014

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.

TrendVision TM

Published August 2014*

Prepared for you by: Lisa Smith, Santa Fe Properties

Number of Homes For Sale vs. Sold vs. Pended (Feb. 2014 – Jul. 2014)
Average Price per SQFT (Feb. 2014 – Jul. 2014)
Avg Days On Market & Sold/List Price % (Feb. 2014 – Jul. 2014)
Average Price of For Sale and Sold (Feb. 2014 – Jul. 2014)
Months of Inventory Based on Closed Sales (Feb. 2014 – Jul. 2014)
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 August 2014, based on data available at the end of July 2014. 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.