Eldorado Real Estate Report – March – August 2021

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

Here is the Eldorado Real Estate Report report for the last six months – March – August 2021.

Inventory continues to be a challenge for buyers looking to purchase a home in Eldorado. Since the last report, one of my listings had 45 showings and another had 51. That is a lot of people looking…..

Record broken this month is the average price per square foot at $301. There were 12 homes sold in August, so this is a good average and not just one newly built home used to arrive at this number.

In August:

5 Active Listings

24 Under Contract

12 Sold

****$301 was the average price per square foot last month.  This has ranged between $262 and $301 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.

8 – were the average days on the market in August. This is the number of days it took for sellers to accept a contract, not to close.

104% – is what sellers received on their listing price last month. This has been over 100% since November 2020. This is the price in which the home was listed when it sold, not necessarily the original listing price.

This has ranged from 103% – 106% over the last 6 months.

$560K average listing price

$528K average sales price

– 0.4 months of inventory – About two weeks. 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.