$316 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.

5 – were the average days on the market in May. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 5 – 77 otherwise. 

97% – is the average of what sellers received on their listing price last month up from 93% in April. 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.

726K – average listing price

663K – average sold price

0.8 Months of Inventory – JUST OVER 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. 

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***