Eldorado Real Estate Report – Dec. 2021 – May 2022

Eldorado Real Estate Report – Dec. 2021 – May 2022

Summer is in full swing in Santa Fe with lots of events going on and all of our great festivals coming up. Almost like old times…
Here is the monthly Eldorado Real Estate Report – covering the last six months from December 2021 to May 2022. Today there are 14 Eldorado properties on the market – two lots and 12 homes ranging in price from 569K to $1,250,000 for new construction. That is more inventory than we have had in some time. There are 17 properties currently under contract – one lot and 16 homes ranging in price from 475K to $1,150,000.
The last three weeks or so has seen a balancing in our market due to interest rate increases and the stock market decline. A little better time for buyers to succeed in getting a home under contract. 

In May:

5 Active Listings

12 Under Contract

12 Sold

$344 was the average price per square foot last month.  This has ranged between $308 and $362 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.

26 – were the average days on the market in May. This is the number of days it took for sellers to accept a contract, not to close. Some properties are zero days because they went under contract before coming on the market, some are longer if they came in too high and had to reduce the price in order to receive an offer. This has been as low as 5 days. 

103% – is the average of what sellers received on their listing price last month. This has been over 100% since November 2020. In the last six months, it has ranged from 102% – 107%. 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 30% or more over the asking price, while others sell below the listing price primarily due to inspection issues and condition.*** 

$765K average listing price

$635K average sales price 

– 0.4 months of inventory – 12 DAYS. 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 (Dec. 2021 – May. 2022)


Average Price per SQFT (Sold) (Dec. 2021 – May. 2022)


Avg Days On Market & Sold/List Price % (Dec. 2021 – May. 2022)


Average Price of For Sale and Sold (Dec. 2021 – May. 2022)


Months of Inventory Based on Closed Sales (Dec. 2021 – May. 2022)