12 Active Listings
11 Under Contract
$343 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 – $366.
37 – were the average days on the market in October – more than double September. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 10 – 40 days in the last six months. The changing market may have this number continuing to increase.
97% – is the average of what sellers received on their listing price last month. This is based on the original price of the property, not the reduced price.
$672K average listing price
$666K average sales price
0.8 month of inventory – This has decreased 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.