2021 Eldorado Real Estate Report

2021 Eldorado Real Estate Report

Greetings All –
As we round the bend into 2022, Eldorado remains one of the most in-demand neighborhoods in Santa Fe County. Lack of available inventory looks to drive the market once again this year. Prices continue to rise and most homes are receiving multiple offers. Some sell before coming on the market, but still above the asking price. Seasonal listing times no longer matter, the best time to list is when the seller and the property are ready.
***If you are considering selling your Eldorado area home, and there is a property in place in which to move, NOW is the time to list. ***
Here is the Eldorado Real Estate Report covering 2021.

In December:

3 Active Listings – 10 of the last 12 months, available Eldorado homes for sale were in the single digits.

8 Under Contract

11 Sold

RECORD **** $316 was the average price per square foot last month.  This has ranged between $245 and $316 over the last 12 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.

16 – were the average days on the market in December. This is the number of days it took for sellers to accept a contract, not to close. Some properties are zero days, some are longer if they came in too high and had to reduce the price in order to receive an offer.

102% – is the average of what sellers received on their listing price last month. This has been over 100% since November 2020, in 2021 it ranged from 101% – 106% this past year. This is the price in which the home was listed when it sold, not necessarily the original listing price.. ***Some properties sell for as high as 20% over the asking price, while others sell below the listing price primarily due to inspection issues and condition.***

$705K average listing price

RECORD $642K average sales price

– 0.3 months of inventory – NINE DAYS. With the exception of July, Eldorado has had only a few weeks of inventory all year. 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.

If you would like to discuss the current state of the Eldorado market or have questions about this wonderful neighborhood, please don’t hesitate to contact me.


Number of Homes For Sale vs. Sold vs. Pended (Jan. 2021 – Dec. 2021)


Average Price per SQFT (Sold) (Jan. 2021 – Dec. 2021)


Avg Days On Market & Sold/List Price % (Jan. 2021 – Dec. 2021)


Average Price of For Sale and Sold (Jan. 2021 – Dec. 2021)


Months of Inventory Based on Closed Sales (Jan. 2021 – Dec. 2021)