Eldorado Real Estate Report – June – November 2014

Here is the monthly Eldorado Real Estate Report, covering the last six months from June 2014 through November 2014.
– 56 active listings in November, 9 went under contract and 14 properties 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.- $164 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 $162 – $173 over the last six months.

-130 was the average days on the market in November.

– 97% is the sales price vs. listing price last month.This has ranged from 96% – 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.

– 357K was the average listing price in November.

 – 343K was also the average sales price.- 4 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 December 2014*

 Lisa Smith, 505-570-5770

Number of Homes For Sale vs. Sold vs. Pended (Jun. 2014 – Nov. 2014)

Average Price per SQFT (Jun. 2014 – Nov. 2014)

Avg Days On Market & Sold/List Price % (Jun. 2014 – Nov. 2014)

Average Price of For Sale and Sold (Jun. 2014 – Nov. 2014)

Months of Inventory Based on Closed Sales (Jun. 2014 – Nov. 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 December 2014, based on data available at the end of November 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.