11 Sold

$341 was the average price per square foot last month. 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. In the last six months, this has ranged from $310 – $376.

15 – were the average days on the market in September.  This is the number of days it took for sellers to accept a contract, not to close. This is lower than last month, which is a good sign of a stable market, and has ranged from 5 – 40 days in the last six months.

99% – is the average of what sellers received on their listing price last month. This number has begun to decrease as the sold data from the last 30-60 days is recorded in the MLS. This is based on the price of the property when it went under contract, not the original price which may have been reduced. 

$741K average listing price

$709K average sales price 

1 month of inventory – This has increased slightly over last month. 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.