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Eldorado Real Estate Report – Feb. – July 2019

Eldorado Real Estate Report – Feb. – July 2019

Here is the monthly Eldorado Real Estate Report covering the last six months – February – July 2019. Inventory is low and we hope to see more homes coming on the market as we head into Fall. Even in this seller’s market, it is still important to prepare a home for sale so the inspection process does not result in a termination, significant repair costs or steep price concessions for sellers.

In July:

 

17 Active Eldorado Properties

10 Homes Under Contract

13 Sold

 

– $196 was the average price per square foot in July. 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. A smaller home sold recently for $325 per foot.

 

****18 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 can be 30-60 days. **

 

– 100% is the sales price vs. listing price for July.  A few sellers received over their asking price. 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 96% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.

 

– 475K was the average listing price last month. The average sales price was 448K.

 

– 1.3 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 seller’s market, more than 6 months means a buyer’s market.

 

Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA.

 

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, call or email me anytime.

 

 

Number of Homes For Sale vs. Sold vs. Pended (Feb. 2019 – Jul. 2019)

 

Average Price per SQFT (Sold) (Feb. 2019 – Jul. 2019)

 

Avg Days On Market & Sold/List Price % (Feb. 2019 – Jul. 2019)

 

Average Price of For Sale and Sold (Feb. 2019 – Jul. 2019)

 

Months of Inventory Based on Closed Sales (Feb. 2019 – Jul. 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 August 2019, based on data available at the end of July 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.

 

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