Here is the monthly Eldorado Real Estate Report covering the last six months from October 2016 through March 2017. Available homes for sale remain at historic lows. If you are considering listing your property, now would be an ideal time before the Summer selling season gets underway and more competition comes on the market. We are seeing a small uptick in the number of listings in the Spring, but no where near normal levels.

In March:

15 Active Eldorado Properties 

18 Homes Under Contract

10 Sold

– $184 was the average price per square foot in March. 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. The smaller the house, the higher the price per square foot. This average has ranged from $175 – $188 in the last six months. Some properties sell for as low as $119 and as high as $250.

51 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. This is down from 188 days in February. Homes sold quickly when priced correctly and prepared for sale. 

– 100% 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 95% – 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. This 100% figure takes into account that some homes sold above the listing price.

– 415K was the average listing price last month. The average sales price was 372K.

– 1.5 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 the current state of the very active Eldorado market, or have questions about this beautiful neighborhood, please let me know.