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Eldorado Real Estate Report – February – July 2015

Here is the Eldorado Real Estate Report covering the last six months from February to July 2015.
The Eldorado market remained strong through the summer and is likely to be active into the Fall.
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.
In July:
36 Active Eldorado Properties 
21 Homes Went Under Contract
 
15 Sold
– $170 was the average price per square foot in July, down a bit from last month. 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 $166 – $182 in the last six months.
 

-129 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days.

 

– 98% is the sales price vs. listing price for July. 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.

 

– 393K was the average listing price in July. The average sales price was 379K. The market under 400K is the most in demand price range so far this summer.

 

– 2.4 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 indicates a healthy real estate market so Eldorado remains an in-demand neighborhood.
If you would like to discuss current Eldorado market conditions, please feel free to contact me via phone or email.

Best,
Lisa Smith
Santa Fe Properties
Number of Homes For Sale vs. Sold vs. Pended (Feb. 2015 – Jul. 2015)
Average Price per SQFT (Feb. 2015 – Jul. 2015)
Avg Days On Market & Sold/List Price % (Feb. 2015 – Jul. 2015)
Average Price of For Sale and Sold (Feb. 2015 – Jul. 2015)
Months of Inventory Based on Closed Sales (Feb. 2015 – Jul. 2015)
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