Eldorado Real Estate Report – Feb. – June 2021

by katezr | Aug 9, 2021 | Eldorado Real Estate Market Report

Here is the Eldorado Real Estate Report report for the last six months – February – July 2021.

There was an unexpected cooling of the market from about July 23 – August 4. Still busy, but not near the number of buyers or showings as in the previous months. That ended on July 29 when buyers came back in droves.

In July:

15 Active Listings

13 Under Contract

16 Sold

****$279 was the average price per square foot last month.  This has ranged between $245 and $285 over the last six months. This number depends on such a wide range of factors –  the size of the house,

age, quality of the finishes, views, heating, construction, etc.. and is not a fully accurate measure of value, just one tool of many. The larger the house, the lower the price per square foot. The smaller the house,

the higher the price per square foot.

3 – were the average days on the market in July, down from 26 in June. This is the lowest in Eldorado history. This are the number of days it took for sellers to accept a contract, not to close.

105% – is what sellers received on their listing price last month. This has been over 100% for the last six months. This is the price in which the home was listed when it sold, not necessarily the original listing price.

This has ranged from 101% – 106% over the last 6 months.

$585K average listing price

$633K average sales price

– 1.2 months of inventory – Months of inventory 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.

Our aggressive seller’s market continues.

If you would like to discuss the current state of the Eldorado market or have questions about this beautiful neighborhood, please let me know.