Eldorado Real Estate Report – Sept. 2022 – Feb. 2023

Eldorado Real Estate Report – Sept. 2022 – Feb. 2023

Here is the Eldorado Real Estate Report for the last six months – September 2022 through February 2023. Inventory remains low and buyer interest remains strong as we head into Spring. Today there are eight active property listings ranging in price from $515,000 – $1,370,000. Two land listings, one for $149,000 and the other $289,000.
Eldorado remains a sought-after neighborhood for buyers from around the U.S. Sellers who properly prepare their properties for sale and price it correctly, will still likely realize a fairly quick sale at a sales price at or close to the listing price.
If you are planning to list in the next year or so, please prepare your property for sale. Roof, stucco, septic, yard, windows, deep clean etc…it will alleviate the heartbreak of a contract termination during the inspection period. Better yet, get a pre-listing inspection – it will be the best $600 you can invest in the sale of your property. Then you can get ahead of not only major items, but the long list of minor items buyers will request to be addressed anyway.
In February:
7 Active Listings
9 Under Contract

5 Sold

$355 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. This has ranged from $308 – $355 in the last six months.

19 – were the average days on the market in February. This has significantly decreased from the January Days on Market of 51. This is the number of days it took for sellers to accept a contract, not to close.

97% – is the average of what sellers received on their listing price last month.This number is up 4% over January. This is based on the original price of the property, not the reduced price. This has ranged from 92% – 98% in the last six months.

838K – average listing price

589K – average sold price

1.4 Month of Inventory – 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. Historically, a six-month supply is associated with moderate price appreciation, lower levels push up prices more rapidly.

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. 

***Sotheby’s is proud to be the Eldorado Market Leader for 2020 – 2022***

Number of Homes For Sale vs. Sold vs. Pended (Sep. 2022 – Feb. 2023)


Average Price per SQFT (Sold) (Sep. 2022 – Feb. 2023)


Avg Days On Market & SP/Orig LP % (Sep. 2022 – Feb. 2023)


Average Price of For Sale and Sold (Sep. 2022 – Feb. 2023)


Months of Inventory Based on Closed Sales (Sep. 2022 – Feb. 2023)



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*All reports are published March 2023, based on data available at the end of February 2023. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.