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Eldorado Real Estate Report – October 2015 – March 2016

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Here is the Eldorado Real Estate Report covering the last six months from October 2015 to March 2016. Inventory remains low. Now is an excellent time for sellers to put their properties on the market. California buyers are still active and renters have been purchasing in Eldorado.
In March:
31 Active Eldorado Properties 
16 Homes Under Contract
 
4 Sold
– $157 was the average price per square foot in March. Remember it depends on the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. This has ranged from $157 – $209 in the last six months.

160 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 March. 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% – 99% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller likely receives.

– 412K was the average listing price in March. The average sales price was 338K.

– 7.8 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. Eldorado remains a popular and in-demand neighborhood.
If you would like to discuss current Eldorado market conditions, please feel free to contact me via phone or email.
Published April 2016*

Prepared for you by: Lisa Smith

Number of Homes For Sale vs. Sold vs. Pended (Oct. 2015 – Mar. 2016)
Average Price per SQFT (Sold) (Oct. 2015 – Mar. 2016)
Avg Days On Market & Sold/List Price % (Oct. 2015 – Mar. 2016)
Average Price of For Sale and Sold (Oct. 2015 – Mar. 2016)
Months of Inventory Based on Closed Sales (Oct. 2015 – Mar. 2016)

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Santa Fe County Assessor’s Office Announces Community Outreach Schedule

Eldorado residents should have received their Notice of Valuation in the mail. If you disagree with the value, you may protest. Details are below and the assessor will have an outreach set up at the Senior Center today and next Tuesday from 4:30 – 6 pm.

Santa Fe County Outreach Schedule (All Outreach Hours will be held from 4:30 p.m. – 6:00 p.m.)

Rancho Viejo, 23 Calle Agua Clara, Santa Fe, NM
Monday, April 4

Ken and Patty Adam Center, 14 Avenida Torreon, Eldorado, NM
Tuesday, April 5
Tuesday, April 12

The Nancy Rodriguez Community Center, 1 Prairie Dog Loop, Santa Fe, NM
Wednesday, April 6
Wednesday, April 13

Pojoaque Satellite Office, 5 West Gutierrez, Suite 9, Pojoaque, NM
Thursday, April 7
Thursday, April 14
Thursday, April 28

Santa Fe County Public Safety Building, 35 Camino Justicia, Santa Fe, NM
Monday, April 11

Santa Fe County Fairgrounds, 3229 Rodeo Rd., Santa Fe, NM
Monday, April 18
Monday, April 25

Abedon Lopez Senior Center, 145 Santa Cruz Site, Espanola, NM
Wednesday, April 19
Wednesday, April 26

Edgewood Senior Center, 114 Quail Trail, Edgewood, NM
Wednesday, April 20
Wednesday, April 27

Las Campanas Owners Association, 366 Las Campanas Dr., Santa Fe, NM
Thursday, April 21

Please bring your 2016 Notice of Value and copies of any documentation that you would wish to provide. You may also visit the Office of the Santa Fe County Assessor, 102 Grant Ave., April 1 through May 2nd, 2016 between 8 a.m. and 5 p.m. to file appeals, ask questions or file for exemptions. Please call 505-986-6300 for further information.

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