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Eldorado Market Report – Nov. 2014 – April 2015

The Eldorado market is HOT! Inventory is still low, so if you or anyone you know is considering listing property this year, now would be the time to do so. California buyers are becoming our main feeder market and as their market has heated up, they are cashing out and coming here.
51 Eldorado properties were on the market in April
27 homes went under contract
 
11 sold
– $166 was the average price per square foot in April. 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 $149 – $173 in the last six months.

-178 were the average days on the market last month. A decrease of 46 days in March (224).

– 98% is the sales price vs. listing price for April. 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 96% – 98% for the last six months.

– 388K was the average listing price in April. The average sales price was 317K.

– 4.6 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 so Eldorado remains an in-demand neighborhood.
If you would like to discuss current market conditions, give me a call or send me an email.

 

TrendVision TM

Published May 2015*

Prepared for you by: Lisa Smith, 505-570-5770

Number of Homes For Sale vs. Sold vs. Pended (Nov. 2014 – Apr. 2015)

Average Price per SQFT (Nov. 2014 – Apr. 2015)

Avg Days On Market & Sold/List Price % (Nov. 2014 – Apr. 2015)

Average Price of For Sale and Sold (Nov. 2014 – Apr. 2015)

Months of Inventory Based on Closed Sales (Nov. 2014 – Apr. 2015)

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