by Lisa Smith | Apr 8, 2024 | Eldorado Info
Here is the Eldorado Real Estate Report for the last six months – October 2023 – March 2024. There are eight properties on the market today ranging in price from 598K – $1,120,000. Our inventory remains low and buyer interest has picked up in the last couple of weeks. My three recent listings are under contract for well over the asking price. Multiple offers are back as are back up offers. Great news for sellers!
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In March:
11 Active Listings
8 Under Contract
6 Sold
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$354 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 $311 – $354 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.
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55 – were the average days on the market in March. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 22 days to 55 days in the last six months.
97% – is the average of what sellers received on their listing price. This is based on the original price of the property, not the reduced price. This has ranged from 94% – 99% in the last six months.
820K – average listing price.
595K – average sold price
1.8 Months 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 keep prices up.
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.
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| Number of Homes For Sale vs. Sold vs. Pended (Oct. 2023 – Mar. 2024) |
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| Average Price per SQFT (Sold) (Oct. 2023 – Mar. 2024) |
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| Avg Days On Market & SP/Orig LP % (Oct. 2023 – Mar. 2024) |
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| Average Price of For Sale and Sold (Oct. 2023 – Mar. 2024) |
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| Months of Inventory Based on Closed Sales (Oct. 2023 – Mar. 2024) |
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