$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 month. 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.

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***