April 2019

Welcome to Eldorado!

by katezr | Apr 9, 2019 | Homepage

Lisa Smith: In business 14 years

You have just found your Southwestern slice of heaven. Eldorado in Santa Fe offers an amazing range of amenities –

Awarding K-8 Community School
Private pool
Hiking trails
4,000 acre nature preserve
Bike Trails
Tennis, volleyball and pickleball courts
Kids soccer
Horse Stables for Eldorado owners
Two dog parks
Grocery and boutique shopping and several restaurants
Each home is on an acre or more

It’s just 20 minutes to the heart of Santa Fe and the art, culture and history our beautiful city offers as well as excellent year-round climate, gorgeous views, clean air and a variety of recreational activities.

There are 2,670 homes on 8,000 acres with about 6,000 residents. Singles, families, artists, couples, sports enthusiasts, writers, historians—you won’t meet a boring person, believe me! Residents have moved here to enjoy the peaceful atmosphere of Santa Fe or just enjoy the beauty and expansive views of Eldorado.

The homes are primarily Pueblo Revival Style with a few Northern New Mexico (pitched metal roof) style mixed in.

Dues are an extremely low $525 a year because Santa Fe County maintains the roads. Eldorado also has the top ranked Volunteer Fire Department in New Mexico.

We would not live anywhere else! Please let me know if you have any questions regarding this wonderful community or properties available in Eldorado.

Eldorado Real Estate Report – October 2018 – March 2019

by katezr | Apr 7, 2019 | Eldorado Real Estate Market Report

Here is the monthly Eldorado Real Estate Report covering October 2018 – March 2019. Inventory is at 9 month low as we head into the Spring and Summer market. There are a number of buyers waiting for just the right house to come on the market…. Price is still important, but if inventory does not increase substantially, it will be a sellers market.

In March:

13 Active Eldorado Properties

16 Homes Under Contract

16 Sold

– $184 was the average price per square foot in March – the lowest in the last 6 months. The high was $230 in December. 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. Some properties sell for as low as $115 and as high as $294. This number will likely exceed $300 in 2019.

****116 were the average days on the market last month. This is the second highest of the six month period. What this means is for the second month in a row, a few oldies but goodies have sold which lingered on the market. **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **

– 96% is the sales price vs. listing price for March – the lowest in the 6-month period. The sales price was 92% of the original price.This was caused by the number of price reductions necessary to get more than half of the homes sold. Price is still key, and buyers know the comps. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.

– 490K was the average listing price last month. The average sales price was 417K.

– LESS THAN 1 month 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. Hello sellers 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.

Number of Homes For Sale vs. Sold vs. Pended (Oct. 2018 – Mar. 2019)

Average Price per SQFT (Sold) (Oct. 2018 – Mar. 2019)

Avg Days On Market & Sold/List Price % (Oct. 2018 – Mar. 2019)

Average Price of For Sale and Sold (Oct. 2018 – Mar. 2019)

Months of Inventory Based on Closed Sales (Oct. 2018 – Mar. 2019)

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 April 2019, based on data available at the end of March 2019. 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.