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Eldorado Real Estate Market Report – March – August 2015

Here is the Eldorado Real Estate Report covering the last six months from March to August 2015.
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 
13 Homes Went Under Contract
 
9 Sold
– $175 was the average price per square foot in August, up $5 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.

-73 were the average days on the market last month – a decrease of 56 days over July. This includes the number of days the property was under contract which is typically 30-45 days.

 

– 98% is the sales price vs. the listing price for August. This reflects what sellers receive based on their listing price. This also reflects the amount based on the original listing price for August as well. This has ranged from 97% – 98% for the last six months.

 

– 415K was the average listing price in August. The average sales price was 378K. The market under 400K is the most in demand price range so far this summer and fall.

 

– 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
TrendVision TM

Published September 2015*

Number of Homes For Sale vs. Sold vs. Pended (Mar. 2015 – Aug. 2015)
Average Price per SQFT (Mar. 2015 – Aug. 2015)
Avg Days On Market & Sold/List Price % (Mar. 2015 – Aug. 2015)
Average Price of For Sale and Sold (Mar. 2015 – Aug. 2015)
Months of Inventory Based on Closed Sales (Mar. 2015 – Aug. 2015)
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 September 2015, based on data available at the end of August 2015. 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. 
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