Here is the monthly Eldorado Real Estate Report, covering the last six months from May 2014 through October 2014.
– 60 active listings in October, 17 went under contract and 12 sold. We continue to see strong activity in Eldorado in the fourth quarter. Inventory is down a bit, as the number of homes sold increases.
.- $162 was the average price per square foot in last month. 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.
-110 was the average days on the market in October.
– 96% is the sales price vs. listing price last month.This has ranged from 94% – 98% for the six months. This largely depends on sellers pricing their properties near where the home will sell. This is the listing price when the home sold, not the original listing price.
.- 350K was the average listing price in October.
– 350K was also the average sales price.
– 5 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.If you would like more information, please email or give me a call.