2018 was a good year for Eldorado Real Estate. Steady sales volume and fairly low inventory was the theme.
165 properties sold which includes 14 vacant lots. Of the 151 homes sold prices ranged from 183K – 627K. Lot prices were between 30K – 84K.
Compared to 2017, 181 properties sold of which 13 were vacant lots. Home prices ranged from 190K – 599K. Lot prices were between 40K – 100K.
In December:
29 Active Eldorado Properties
15 Homes Under Contract
8 Sold
– $230 was the average price per square foot in December, the highest of the year. 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 $162 – $230 this year. Some properties sell for as low as $115 and as high as $294.
****19 were the average days on the market last month.  **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which is typically 30-60 days. **
– 99% is the sales price vs. listing price for December. This is the listing price when the property went under contract, not the original listing price, which may have been higher.This has remained consistent throughout the year. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.
– 468K was the average listing price last month. The average sales price was 424K.
– 3.6 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. Six months indicates a balanced market between buyers and sellers. Less than 6 months means a sellers market, more than 6 months means a buyers market.
Eldorado remains a popular and in-demand neighborhood for buyers all over the United States and in some cases beyond.
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.