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Eldorado Real Estate Market Report – Nov. 2015 – April 2016

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Here is the Eldorado Real Estate Report covering the last six months from November 2015 to April 2016. As we enter the busy season, inventory is starting to increase. Still on the low side, with homes selling quickly, particularly in the under 350K price range. If you are planning to purchase in Eldorado this year and will be getting a loan, it is best to visit with a lender to get the process started before viewing property. The loan process is still lengthy and buyers will need to present a pre-approval letter with your offer. You want to be ready when you find your Eldorado dream home.

In April activity really increased:

43 Active Eldorado Properties 
21 Homes Under Contract
 
12 Sold
– $179 was the average price per square foot in April. Remember this number depends on a wide range of factors –  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 – $204 in the last six months.

125 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.

– 100% 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% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller likely receives. While a few did sell for less than full price, most were full price and a few sold for over the listing price. So this is the average percentage but 100% is significant.

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

– 3.6 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. 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.
TrendVision TM

Published May 2016*

Location:   Eldorado (area 14)

Prepared for you by: Lisa Smith, Santa Fe Properties

Number of Homes For Sale vs. Sold vs. Pended (Nov. 2015 – Apr. 2016)
Average Price per SQFT (Sold) (Nov. 2015 – Apr. 2016)
Avg Days On Market & Sold/List Price % (Nov. 2015 – Apr. 2016)
Average Price of For Sale and Sold (Nov. 2015 – Apr. 2016)
Months of Inventory Based on Closed Sales (Nov. 2015 – Apr. 2016)
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 May 2016, based on data available at the end of April 2016. 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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