Eldorado Real Estate Report – Nov. 2022 – April 2023

Eldorado Real Estate Report – Nov. 2022 – April 2023

Here is the Eldorado Real Estate Report for the last six months – November 2022 through April 2023. Inventory remains low and buyer interest remains strong as we head into Summer. Today there are four active property listings ranging in price from $550,000 – $899,000. Multiple offers are beginning again, but nowhere near the frenzy of 2021 and 2022.
Eldorado real estate remains a solid purchase for buyers from around the U.S. Sellers who properly prepare their properties for sale and price it correctly, will 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 April:
5 Active Listings
9 Under Contract
11 Sold

$352 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. Keep in mind this is the average – some homes have a much lower price per square foot and some have a much higher number.

77 – were the average days on the market in April. This has significantly increased due to a spec home being listed from start to finish.This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 19 – 51 otherwise. 

93% – is the average of what sellers received on their listing price last monthThis is based on the original price of the property, not the reduced price. This has ranged from 92% – 98% in the last six months.

713K – average listing price

**767K – average sold price – this is an increase of 173K over March. The reason is two spec homes sold for around 1.3M which boosted our average sales price.** This breaks the Eldorado sales record!

0.5 Months of Inventory – TWO WEEKS – 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. Our market is balancing, but still favors the seller.

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 (Nov. 2022 – Apr. 2023)


Average Price per SQFT (Sold) (Nov. 2022 – Apr. 2023)


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


Average Price of For Sale and Sold (Nov. 2022 – Apr. 2023)


Months of Inventory Based on Closed Sales (Nov. 2022 – Apr. 2023)