Eldorado Real Estate Report – August 2019 – January 2020

Eldorado Real Estate Report – August 2019 – January 2020

Here is the Eldorado Real Estate Report for the last six months covering August 2019 – January 2020. Low inventory continues to drive prices up. 

For the second month in a row, the average listing price is more than 500K. In December it was $503,000 and in January was $501,000. ** THE HIGHEST AVERAGE LISTING PRICES IN ELDORADO HISTORY.

**While this number is likely to decrease as lower priced homes come on the market, it is notable that for the last two months the average was more than 500K.**

In January:

 

8 Active Eldorado Properties

10 Homes Under Contract

12 Sold

 

$243 was the average price per square foot in January. 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.

 

56 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 January. 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% – 99% 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.

 

– 501K was the average listing price last month. The average sales price was 416K.

 

– .8 months of inventory – LESS THAN 30 DAYS! This 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. NOW IS THE TIME TO LIST YOUR ELDORADO PROPERTY.

 

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 (Aug. 2019 – Jan. 2020)

 

Average Price per SQFT (Sold) (Aug. 2019 – Jan. 2020)

 

Avg Days On Market & Sold/List Price % (Aug. 2019 – Jan. 2020)

 

Average Price of For Sale and Sold (Aug. 2019 – Jan. 2020)

 

Months of Inventory Based on Closed Sales (Aug. 2019 – Jan. 2020)
Share