Eldorado Real Estate Report – Jan. – June 2017

Eldorado Real Estate Report – Jan. – June 2017

Hello All –
Here is the monthly Eldorado Real Estate Report covering the last six months from January through June 2017. Inventory of available properties continues to increase, the rate of sales is steady. Our neighborhood continues to be popular with folks who appreciate the land, views, biking, hiking and the pool, parks and shopping.

39 Active Eldorado Properties 

16 Homes Under Contract

15 Sold

– $219 was the average price per square foot in June. 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.

56 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 June. 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.

– 412K was the average listing price last month. The average sales price was 402K.

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

Number of Homes For Sale vs. Sold vs. Pended (Jan. 2017 – Jun. 2017)
Average Price per SQFT (Sold) (Jan. 2017 – Jun. 2017)
Avg Days On Market & Sold/List Price % (Jan. 2017 – Jun. 2017)
Average Price of For Sale and Sold (Jan. 2017 – Jun. 2017)
Months of Inventory Based on Closed Sales (Jan. 2017 – Jun. 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 July 2017, based on data available at the end of June 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.

Santa Fe Wins a National Geographic Award

Santa Fe is getting recognized by a company that knows a pretty city when it sees one. National Geographic crowned Santa Fe a World Legacy Awards winner.

Santa Fe wins a National Geographic award.Santa Fe won the Sense of Place category. That category measured authenticity, support to protect historical monuments, archaeological sites and maintaining other culture and tradition. Santa Fe beat out Awamaki, Peru and Adventure Canada, Canada for this category.

“National Geographic stands for exploration, conservation and stellar storytelling. World Legacy Awards celebrate the people, places and experiences that exemplify our mission in the global travel industry,” said National Geographic Travel editor-in-chief George Stone in a statement.

Stone said the recipients represented the future of travel and are leaders in sustainability.

Tourism of Santa Fe Executive Director Randy Randall said, “ This is an incredible international honor for Santa Fe to be singled out as number one in ‘Sense of Place.’ It is a testament to what makes Santa Fe so special and truly The City Different.”

The awards aim to highlight sustainable and global tourism around the world. The awards are presented by National Geographic and ITB Berlin. There were more than 100 entries from 45 countries across six continents. The 15 finalists were evaluated by 26 judges and underwent an onsite inspection. The awards come as the United Nations declared 2017 “The International Year of Sustainable Tourism Development.”

“Our cultural diversity, our careful preservation of history and our authentic offerings have allowed us to be recognized on a world stage as the only recipient from the United States in this years National Geographic Legacy Awards,” said Randall.

This isn’t the first time Santa Fe has been recognized by National Geographic. It has been named on the Best Adventure Towns and of The Best High Altitude Cities.

In the most recent report done by the New Mexico Tourism Department, direct visitor spending in 2014 saw an all-time high at $6.08 billion.