by katezr | Jan 21, 2020 | Eldorado Real Estate Market Report
Happy New Year!
Here is the 2019 year-end round up of Eldorado Real Estate activity. Whew!
Inventory was low all year. At any given time there were between 13 and 23 homes on the market – that is out of the 2,760 homes in our neighborhood. Lack of inventory is the reason for the increase in home prices.
145 homes sold in 2019
12 lots sold for between 35K -100K
$211 was the average price per square foot – so much goes into this number that is not a hard and fast rule. 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.
Properties typically stay on the market about 30 days, the homes properly prepared for sale and priced right sell much more quickly.
98%-100% is what Eldorado sellers typically receive on their listing price.
| This is the listing price when the property went under contract, not the original listing price, which may have been higher. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.
In December:
503K was the average listing price – the HIGHEST of 2019.
– 451K was the average sold price.
– 2.1 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 seller’s market, more than 6 months means a buyer’s market.
Eldorado remains a popular neighborhood for lots of different kinds of buyers from all over the United States.
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know. |
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by katezr | Jan 21, 2020 | Eldorado Real Estate Market Report
Happy Holidays!
Here is the Eldorado Real Estate Report for the last six months covering June – November 2019.
| In November:
23 Active Eldorado Properties
7 Homes Under Contract
9 Sold
$217 was the average price per square foot in November. 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 has ranged from $96 – $244 in the last six months.
32 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. **
– 97% is the sales price vs. listing price for November. 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 97% – 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.
– 476K was the average listing price last month. The average sales price was 366K.
– 3.3 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 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. A few Texans and Floridians too.
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know. |
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| Number of Homes For Sale vs. Sold vs. Pended (Jun. 2019 – Nov. 2019) |
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| Average Price per SQFT (Sold) (Jun. 2019 – Nov. 2019) |
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| Avg Days On Market & Sold/List Price % (Jun. 2019 – Nov. 2019) |
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| Average Price of For Sale and Sold (Jun. 2019 – Nov. 2019) |
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| Months of Inventory Based on Closed Sales (Jun. 2019 – Nov. 2019) |
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