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Eldorado Real Estate Report – Dec. 2016 – May 2017

Hello All –
Here is the monthly Eldorado Real Estate Report covering the last six months from December 2016 through May 2017. We are seeing an increase in the number of listings as selling season gets underway.

In May:

33 Active Eldorado Properties 

15 Homes Under Contract

18 Sold

– $223 was the average price per square foot in May. 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 $173 – $225 in the last six months. Some properties sell for as low as $119 and as high as $250.

77 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 has ranged from 51 – 188 in the last six months. Homes sold quickly when priced correctly and properly prepared for sale. 

– 98% is the sales price vs. listing price for May. 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. The 100% figure takes into account that some homes sold above the listing price.

– 398K was the average listing price last month. The average sales price was 400K.

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

 

Best,
Lisa Smith
Santa Fe Properties
Top Producer 2016
505-570-5770 – cell
Number of Homes For Sale vs. Sold vs. Pended (Dec. 2016 – May. 2017)
Average Price per SQFT (Sold) (Dec. 2016 – May. 2017)
Avg Days On Market & Sold/List Price % (Dec. 2016 – May. 2017)
Average Price of For Sale and Sold (Dec. 2016 – May. 2017)
Months of Inventory Based on Closed Sales (Dec. 2016 – May. 2017)
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 June 2017, based on data available at the end of May 2017. 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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