March – August 2016 Eldorado Real Estate Report

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Here is the monthly Eldorado Real Estate Report covering the last six months from March to August 2016. Inventory is on low side. Eldorado should stay busy until just after Thanksgiving.

In August:

44 Active Eldorado Properties 

21 Homes Under Contract

15 Sold

– $190 was the average price per square foot in August – the highest of the year thus far. 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 average has ranged from $151 – $190 in the last six months. Some properties are as low as $125 and as high as $250.

103 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.

– 97% is the sales price vs. listing price for August. 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 97% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive.

– 424K was the average listing price in August. The average sales price was 409K.

– 2.9 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.

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