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2016 Eldorado Real Estate Report

2016 Eldorado Real Estate Report

Hello All and Happy New Year!
This Eldorado Real Estate Report will compare 2016 sales data with 2015. We live in a popular spot – and residents continue to relocate to Eldorado from all over the U.S. as well as sometimes beyond.
 
IN 2016:
Eldorado inventory of homes for sale is at an historical low. While the number of buyers is fewer now than other times of the year, winter shoppers are serious.
  • 168 properties sold in Eldorado in 2016. In 2015, 147 sold, 21 more homes sold in 2016.
  • 16 homes on the market in December. 15 went under contract and 14 closed/sold. Very busy for a December..
  • $187 was the average price per square foot in December. This has ranged from $151 to $190 last year. This largely depends on the size, finishes, age, condition etc..so this is not always a definitive measure of property value. Average price per sq. ft. in 2016 was $180, in 2015 it was $178 – so not a dramatic change there.
  • 163 were the average days on the market for December. In 2016, the average was 115, for 2015 it was 125 days. This number includes the 14 to 60 day escrow process as well, once a seller has accepted a contract.
  • 98% is the percentage of sales price vs. listing price. This refers to the listing price when the offer was made and accepted, not necessarily the original listing price. This has ranged from 97% – 100% for 2016. Essentially the same for 2015.
  • 432K was the average listing price in December. The highest for the year.
  • 231K was the average sales price in December – oddly the lowest of the year, which means there were a greater number of inexpensive properties sold that month.
  • 1.1 months of inventory – which means the length of time it would take to sell all the listed homes in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market.
Questions or concerns? Or would like to discuss the current state of the real estate market in Eldorado, please feel free to call or email me.
Number of Homes For Sale vs. Sold vs. Pended (Jan. 2016 – Dec. 2016)
Average Price per SQFT (Sold) (Jan. 2016 – Dec. 2016)
Avg Days On Market & Sold/List Price % (Jan. 2016 – Dec. 2016)
Average Price of For Sale and Sold (Jan. 2016 – Dec. 2016)
Months of Inventory Based on Closed Sales (Jan. 2016 – Dec. 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 January 2017, based on data available at the end of December 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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Lisa Smith SOLD DATA

Address

6 Vista Grande Dr.
4 Azul Loop
2 Sabroso Place
7 Estacada
7 Camerada
22 Abanico
3 Baya
54 Calle Alexia
3 Casa del Oro Loop
35 Condesa
6 Enebro Ct.
11 Rancho Magdalena
6 Verano Loop
6 Fonda Rd.
30 Cresta Pequena
5 Antigua Rd.
41 Condesa Rd.
1 Gaviota Rd.

Listing Price

468,000
450,000
599,000
249,000
428,000
399,000
275,000
649,000
245,000
525,000
367000
1,700,000
255,000
298,000
435,000
445,000
425,000
435,000

Seller/Buyer

Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller/Buyer
Seller
Seller/Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer

TOTAL $8,647,000

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