Eldorado Real Estate Report – March – August 2024
Here is the Eldorado Real Estate Report for the last six months – March – August 2024. There are 20 properties on the market today ranging in price from 500K – 1.4M. Fifteen Eldorado properties are under contract from 495K – 975K. Six lots are for sale from 130K – 245K with half of these requiring a private well which is running about 50K these days.
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The Eldorado market remains stable and balanced and inventory continues to slowly increase. Most buyers are getting loans and it looks like they have come to the realization interest rates below 5% aren’t returning anytime soon.
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In August:
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18 Active Listings
15 Under Contract
11 Sold
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$343 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 $330 – $370 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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95% – 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 93% – 100% in the last six months.
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30 – were the average days on the market in August. This has ranged from 7 – 55 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
765K – average listing price.
636K – average sold price
1.6 months of inventory. This means the length of time it would take to sell all the homes on the market at the current rate of sales. This has ranged from 0.6 to 2.4 in the last six months.
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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